"The Kissala-Kitungo mine exploration project, located in the commune of Dange-ya-Menha, Cambambe municipality, initially plans to create more than 2000 direct jobs," a note published on Facebook by the government of Kwanza Norte province reads.
According to the note, the information was advanced by George Couchain, one of the persons in charge of the project, who said that the conclusion of the project's implementation "should take 3 years", expecting that after this phase, about 7000 direct jobs will be created.
Speaking Thursday at a presentation on the state of implementation of the mine during the 6th Council of the Ministry of Mineral Resources, Oil and Gas, George Couchain explained that the raw material removed from the mine will be sent to the steel mill complex located in Dande, aiming at the annual production, initially, of 1.5 million tons of steel.
The official, cited by Angop, said that with the implementation of the second phase of the project annual production is expected to increase to 6 million tons. The result of the production, according to George Couchain, will be used by ADA, and the rest will be exported.
Exploration at the Kassala Kitungo mine is estimated to start within eight months. The 'Capital Mining' consortium - made up by the companies Blend Capital, ADA and Comanganês - will be responsible for the operation.
Without indicating the investment amount, the project will aim to increase the production of iron-based steel in the country and reduce the use of scrap.
The official also emphasized that the mine will have a positive socio-economic impact on the province, since it will help to vary the activity of the sector, generate new business opportunities, among others.
The mine's iron ore reserve, considered to be of high quality, is estimated to be worth around 153.8 million tons per year, and has a useful life of around 27 years, Angop reported.