The gold subsector in Angola registered until the beginning of 2022, a volume of 48.6 million US dollars in the exploration phase and 14.3 million US dollars in the prospecting phase totaling 62.9 million US dollars in this period, ANGOP has learnt from a statement issued by the National Agency of Mineral Resources (ANRM).
The mentioned investments were applied in 32 gold projects, of which 31percent from a total of 10 are in the exploration phase, scattered in some provinces.
Until the end of 2022, an investment of around 278. 62 million dollars is expected to be carried out in the exploration phase and 41.96 million dollars in the prospecting phase, reads the note.
Between 2019 and the beginning of 2022, the sub-sector generated about 855 jobs, with predominance to projects located in the provinces of Huíla and Cabinda, adds the note.
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According to the ANRM, which is attached to the Ministry of Mineral Resources, Oil and Gas, the gold sub-sector in Angola is growing, although still in timid manner.
Data presented in the workshop on “Diversification of the Mining Sector in Angola” show that until April this year, at least 21 requests were made for mining exploration rights and exploitation of Gold in Angola, for the provinces of Bengo, Kwanza Norte, Huambo, Huila, Lunda Norte, Uige and Zaire.
Divided into zones, the provinces of Huambo, Huíla and Cunene, are part of Zone A, with 10 prospecting projects and five for exploration, Cabinda is isolated in Zone B, with seven projects in prospecting and four in execution.
Meanwhile, Zone C covers the provinces of Bengo and Kwanza Norte, with four projects in prospecting and one in exploration, while Zaire, also isolated, appears in the statistical table with one prospecting project.
Production Grows 11%
Based on the data from 2020 to the first quarter of 2022, at least 129,375 kilograms were produced in Angola.
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ANRM has said it predicts a positive growth picture for gold prospecting and exploration work for the coming years, based on the volume of applications for the granting of rights and the set of measures and procedures resulting from the governance model of the mining sector.