Ver Angola

Raw Materials

Canadian mining company invests six billion dollars to explore copper in Angola

Six billion dollars is the amount that Canadian Ivanhoe Mines plans to invest to explore copper in Angola. The investment was formalized with the signing, this Thursday, of a contract between the aforementioned mining company and the National Mineral Resources Agency.


The aforementioned contract aims to prospect for copper in Moxico and Cuando Cubango, informs the Ministry of Mineral Resources, Oil and Gas, in a statement to which VerAngola had access.

"A contract for copper prospecting in the provinces of Moxico and Cuando Cubango, with an initial investment of six billion dollars, was initialed, today [Thursday], 23 November, by the National Mineral Resources Agency (ANRM) and the Canadian mining company Ivanhoe Mines, in the 2nd edition of AMC", the note reads.

On the occasion, Marna Cloete, president of Ivanhoe Mines, said that the company's offices in Angola will be "immediately opened", and then "the phase of geological studies" will be completed. After that, she said, the company will move into the exploration area.

Quoted in the statement, the president of the Canadian company said that the company's motive "is mining", and the "greatest purpose" is not only to make profits, but also to "impact communities".

"As for the company our motive is mining, the biggest purpose is not just about making profits, it is also about impacting communities," she said.

Marna Cloete also left the guarantee that "they have a model for the countries in which they operate, helping the communities surrounding the areas in which their projects are implemented and employing the local population, especially young people", reads the statement.

According to the company's president, quoted by Rádio Nacional de Angola (RNA), they have been "engaged in this exploration for three years".

Still within the scope of the 2nd edition of the AMC, Angola and the United States of America signed a memorandum of cooperation in the field of geosciences.

The document was signed, on Thursday, between the Geological Institute of Angola (IGEO) and the United States Geological Survey (USGS). On the Angolan side, the signatories were José Manuel, PCA of IGEO, while on the American side, Tulinabo Mushingi, US ambassador to Angola, signed.

According to another statement from the Ministry of Mineral Resources, Oil and Gas, to which VerAngola had access, "the agreement aims to establish bases for cooperation within the scope of collaboration and exchange in the technical-scientific areas of geosciences, such as the exchange of information scientific and technical activities, visits, training and capacity building, and cooperative research consistent with the mission and ongoing programs of both institutions."

On the occasion, the US ambassador to Angola considered the act as "an example that cooperation between the people of the two countries is growing".

He also added that "they intend to make Angola a supplier of these resources that the world needs for the energy transition", the statement reads.

"What we intend to see is that, with this collaboration in the sphere of geosciences, after having a map that shows where the mineral resources are, it is possible to benefit from these resources and attract more private investments", indicated the person in charge, who was quoted in the note, highlighted who were "very excited about this cooperation".


Permita anúncios no nosso site


Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.