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Omatapalo will enter the mining sector “in the short term”

The Angolan civil construction company Omatapalo will "soon" be involved in a project in the mining sector, with talks already underway, the chairman of the Board of Directors told Lusa.

: LUSA
LUSA  

"There are talks, yes, we have many mines in Angola and it can happen at any time, as long as it is an asset for us, for the State and for the partners who can join the project", assumed Carlos Alves, in an interview with Lusa .

Saying that the interest in this sector is not from today, but from "some years ago", the official said that Omatapalo will want to explore this business area, and should be a reality "shortly", predictably at the beginning of next year. .

The company is working and analyzing several projects, having had meetings on the possibility of integrating some, but nothing has yet been achieved, he guaranteed.

Carlos Alves said he is studying investments in which he can bet capacity, in which he can improve performance and what is more interesting for the group.

"We are always available and we analyze all projects that can bring added value to the group and the State", he said.

The mining area has "enormous potential", hence the interest of Omatapalo and other companies, he added.

But, in addition to this new business area, Omatapalo has invested in others, despite the fact that its main line of activity is civil construction, namely in the agricultural, industrial, metalworking and environment sectors.

"We are investing heavily in the area of ​​wood and carpentry, an area in which we thought to double the company's installed capacity by the end of the year. We believe we have a complete unit in Luanda for the production of office furniture and sofas, among other products, for that, we are acquiring new facilities that will allow us to have these capabilities ", he said.

In metalworking, a sector it already operates, the company is building a new unit in Luanda, as the main unit is located in Lubango, far from the capital.

In agriculture, Omatapalo is "intensifying" investment in Fazenda Mumba, dedicated to the production of beef, to have it fully operational in 2030, said the businessman.

The company is also in the process of negotiating a consortium for the construction of the Cabinda refinery.

In Portugal, where the company is expanding and has several real estate projects in its portfolio, Carlos Alves revealed that he is creating a research and startup center.

Should be based in Matosinhos, in the district of Porto, this center, still in the project phase, will focus on innovation, environment and technology, he said.

Despite a "remarkable growth" in Portugal, the administrator is perpetual in saying that the country where the company has the most revenue "is obviously" Angola.

In addition to Angola and Portugal, Omatapalo is already in some African Portuguese Speaking Countries (PALOP) and "shyly entering" Namibia, a neighboring country, in Europe and the United Kingdom.

"We want to consolidate the markets where we are today and then we will move on to new markets", he stressed.

But, for the future, the Chairman of the Board of Directors wants to bet mainly on Mozambique, a market in which he believes.

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