Ver Angola

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Institute of Geology provides geological information to investors

The Geology Institute of Angola (IGEO) has available geological information for national and foreign companies interested in investing in the mining sector, including data and maps from the most recent geological surveys carried out within the framework of the National Plan for Geology (PLANAGEO).

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The guarantee was expressed by the coordinator of the infrastructures of the Institute of Geology (IGEO), Araújo José, who assured that the institution is open to all national and foreign companies for their potentialization in the sector, with a view to creating more jobs for young people.

According to the geology specialist, the mining sector needs progress to remove the country completely from dependence on oil.

Interested parties must present their availability to obtain reliable information from the institute, which has carried out different geological analyzes in the country, refers to a statement made available by the Government to which VerAngola had access.

Due to the lack of technical conditions and the stoppage of the laboratory at the former headquarters of IGEO, the analysis work started again in the new infrastructures.

“We were no longer conducting analyzes, which is why this building was built, which, despite the crisis, was completed in its entirety”, he stressed.

José Araújo, also an advisor to the President of the Board of Directors of IGEO, stated that the National Geology Plan aims to investigate and learn about the existing wealth and the composition of the national soil.

“Angola is rich, but I needed something tangible to prove it. With the PLANAGEO, a geo-physical survey was carried out, which provided geological information about the existence of many resources, such as gold, copper and other resources ”, he noted.

According to him, the chemical elements of Mendeleev's periodic table exist in the country. “Much information was previously unknown. Now we already know what we have concretely ”, underlined the geology specialist, making it known that the geologists sent in the field certified the data detected by the technological equipment, with samples all analyzed in the country.

The Geology Laboratory, recently opened by the President of the Republic, is also equipped to carry out water and soil analysis for agriculture and civil construction. PLANAGEO's objective is to prepare the register and complete maps of the country's mineral resources.

With 129 pieces of equipment, the IGEO laboratory in Luanda is handled by 40 technicians, 75 percent of whom are young, between 20 and 35 years old. The IGEO laboratories in Saurimo and Lubango have 62 pieces of equipment each. The Institute is supported by a small number of staff, which is why there is a prospect of expanding the workforce to 400 in the coming years.

"These laboratories will provide financial returns to the State, due to the investments made," said Araújo José.

The infrastructures of the three laboratories, namely Luanda, Saurimo and Lubango, were valued at US $ 62.5 million.

The PLANAGEO, started in 2014, cost the state coffers 405 million dollars and will end next year. Its closure was scheduled for 2017, but was extended to 2021 due to the crisis that hit the country.

“The money invested admires many African countries, as it is a great job that helps us to understand what we only heard about the country,” said Araújo José, stressing that IGEO has a partnership with the Water Institute, especially in the Government's Water for All of them, drilling holes in Cunene and Malanje, to supply the population with the precious liquid.

The Institute of Geology has been exchanging experiences with Russia, Germany, Namibia, South Africa and China.

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