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Angola highlights interest in new investments expressed in Indaba Mining

The Minister of Mineral Resources and Petroleum classified as "positive" the country's participation in the mining fair "Indaba Mining 2020", with the expression of investment interest from several companies, including Rio Tinto.

: Mike Hutchings
Mike Hutchings  

Diamantino de Azevedo said that his participation in the meeting, which took place between Monday and Thursday in the South African city of Cape Town, was the consolidation of the work done over the last two years, without going into further details about the negotiation with the Rio Tinto diamond.

"We have had more and better representation and we have had important institutional meetings, as it was with the Minister of Mineral Resources and Energy of South Africa, where we have approached the ways for better cooperation between our countries, both in the mining and oil sectors," he said.

According to the minister, given South Africa's experience in the mining sector and Angola's in the oil sector, both countries can benefit.

"Then we decided on concrete steps for greater institutional and private cooperation," said Diamantino de Azevedo, noting that with his South African counterpart it was decided that more should be done.

"We have already talked a lot and now it is really necessary to do it and it was agreed that soon a technical delegation from South Africa will come - there was already one here last year - but there will come a wider one and it will prepare the visit of the minister to Angola, to then decide on concrete projects", he underlined.

According to the minister, it is possible "the participation of many more South African mining companies in Angola and also to observe more how to use the capacity of South African service companies".

"South Africa is also interested in Angola's oil and gas and these are the aspects that we want to achieve," he added.

He also highlighted the meeting with the Minister of Industry of Canada, an important mining country, which holds one of the largest mining conferences in the world, namely the Convention and Trade Show of the Prospetors and Developers Association of Canada (PDAC), and has a lot of experience as junior companies can foster mining activity.

"We also approached our participation in PDAC this year, with a still small group, and also how we can bring companies from Canada to prospect for various minerals in Angola," he said.

The fair, the minister continued, also provided meetings with geological institutes, with JOGMEC, a development agency for the oil, gas and mining sector in Japan, with which Angola will soon sign a memorandum of cooperation in the oil and mining sector.

"JOGMEC has already worked with us in the training of staff, but it is an institution that we can take much more advantage of its experience, its capacity, but also to help in the task of geological mapping, in oil and gas activity," he assured.

According to the minister, Angola has had the participation of about 200 companies, presentations from the ministry, the geological institute and Endiama, as well as a private Australian company, which is developing a project in the Longonjo municipality, in Huambo province, on rare metal prospecting.

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