Luanda, Feb 9 (Prensa Latina) A delegation of 13 Angolan companies will be present at the 32nd International Conference on Mining in Africa, known as Mining Indaba, being held in Cape Town, South Africa.
The event, considered the most important in the sector worldwide, is taking place from this Monday until February 12 with the participation of some six thousand attendees, including business leaders and government officials from various countries.
Angola will be represented by a delegation from the Ministry of Mineral Resources, Oil and Gas (Mirempet), headed by the Minister, Diamantino Azevedo; entities such as the Geological Institute; and companies such as Endiama, Sodiam, and Catoca.
A highlight of the conference program is tomorrow’s celebration of Angola Day, during which a business forum on mining investment will be held under the theme “Discovering Angola’s Mineral Potential through Strong Partnerships.”
Angola is currently investing in the mining sector with a potential total of $400 million, including large-scale projects related to the exploration of gold, diamonds, rare earth elements, iron, and manganese.
Multinational companies such as Ivanhoe Mines, Rio Tinto, and Anglo America are participating in these initiatives, which aim to diversify production in this sector, currently heavily focused on diamond mining.
The country has potential for exploring new resources such as copper, nickel, and other critical minerals, according to available geological studies; it also has a large number of unexplored areas, offering opportunities for interested investors.
Source: www.plenglish.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein