Africa Angola Diamond Government Mining

Angola Mineral Resources Agency starts activities by 2020

This was confirmed by Secretary of State for Geology and Mining, Jânio Correia Victor, stating that the Agency may start activity in the first half of 2020, after all conditions have been created.

Speaking at the closing ceremony of the 1st International Conference and Exhibition on the Mining Sector, held on 20-21 this month, Jânio Victor assured that the initiative is meant to boost the activity of the sector in the country in the medium and long term, promoting the prospection, research and development.

He added that the reform will cover Endiama and Sodiam, the two other companies under the Ministry of Geology and Mining, as part of the process of reform by the sector.

The official explained that 50% of Endiama will be diluted and go to the Exchange, while Sodiam will be transformed into a diamond exchange in Angola, according to Jânio Victor.

The Executive continues to attract the largest mining companies in the world, with representatives such as Alrosa (Russian), Anglo American.

Negotiations are also in progress to attract the British company Rio Tinto Company.

Recent contracts have been signed with Tosyali Holding, Blue Glacier, which focus on setting up diamond dilapidation factories at the Saurimo Diamond Development Hub, Lunda Sul, and the reopening of the Kassinga mining activity in southern Huila province.

Source: Angop

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