Angola is poised to become a major player in the global critical minerals market, with ambitious plans to transition into a key exporter of value-added critical minerals over the next decade.
The country has identified 34 of the 54 critical minerals recognised by the European Union within its mineral-rich basins and is accelerating exploration, production, and downstream projects to realise this potential.
The upcoming African Mining Week (AMW) 2025 in Cape Town will showcase Angola’s progress and opportunities in the critical minerals sector. The event, running from October 1-3 alongside the African Energy Week conference, will provide a platform for investors, stakeholders, and industry leaders to explore Angola’s expanding mining market.
Major Projects Driving Angola’s Mining Ambitions
Angola’s mining sector is witnessing significant developments with a range of international partnerships. Key projects include:
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• Longonjo Rare Earth Project: UK-based Pensana, backed by $325 million funding from South Africa’s Absa Bank, is advancing this project, expected to supply 5% of the world’s high-grade rare earth carbonate. The project could generate $6 billion in export revenue and contribute $1 billion in taxes, bolstering Angola’s economic diversification.
• Mavoio-Tetelo Copper Project: Chinese firm Shining Star is set to commence production at this 40-million-ton copper project in northern Angola, with an anticipated annual output of 300,000 tons of copper.
• Lithium Exploration: Australian firm Tyranna Resources and China’s Sinomine are developing lithium projects in Namibe and Muvero. Ongoing drilling activities are uncovering additional reserves, expediting mine development.
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• Copper Initiatives by Ivanhoe Mines: The Canadian mining company has launched copper exploration projects in Moxico and Cuando Cubango provinces, contributing to Angola’s strategy of diversifying its mining sector.
• Manganese Processing Facility: A $250 million partnership with Chinese firm ST New Materials will see the development of a manganese-to-silica processing plant, set to begin operations in 2025.
• Steel Production Initiatives: Angola is also advancing projects to produce steel from iron mined in the Kasinga region, adding value to its mineral resources.
A Gateway for Global Investors
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The AMW 2025 will facilitate discussions, project showcases, and networking opportunities, connecting global investors with Angola’s critical minerals market. The event is expected to play a pivotal role in attracting new investments across the mining value chain, supporting Angola’s long-term vision of economic growth through sustainable and diversified revenue streams.
As Angola ramps up its mining projects, the nation is set to emerge as a significant contributor to the global supply of critical minerals, positioning itself as a strategic partner in the global energy transition and technological advancements.
