Angola Mining Geological Tender

The Minister of Mineral Resources and Oil Diamantino Azevedo announced in Namibe that under the National Plan of Geology Planageo studies of mining occurrences in the south and southeast of Angola are quite advanced with the elaboration of geological charts with scales 1 100000 and 1 250000. Diamantino Azevedo said that these studies and the 1 50000 letters that are being completed will provide the country with commercial information to promote mining prospecting campaigns in that part of the country.According to the minister who was speaking at the opening session of the third consultative council of the sector Plangeo a letter that aims to increase the national geological knowledge through the elaboration of geological maps at different scales will allow the mapping of potentially mineralized zones. Regarding conducting studies of occurrences in other regions of the country the minister regretted that the lack of funding has limited its progress. Despite the difficulties Diamantino Azevedo said that the executive will pay more attention to the Geology and Mines sector with a view to increasing the production of diamonds and other minerals as well as the continued search for partners for investment in mining in general. He noted that the gold production export and trading process will soon begin the Longonjo rare earth prospecting project will be evaluated and a public tender will be held for the bidding of five diamond concessions Lunda Norte and Lunda Norte. Lunda Sul one of iron Cuanza Norte and two of phosphates Cabinda and Zaire.Depending on the results obtained in this action this could be the model to be adopted for the future National Agency of Mineral Resources he said. In the meantime he stated that Ferrangol should proceed with the negotiation process with AngloAmerican companies for copper prospecting in Moxico and rare earths in Cunene Rio Tinto for copper prospecting in Moxico and diamonds in Lundas De Beers for diamond prospecting in Lundas. and Kumba South African company for iron prospecting. According to the minister the manifestation of the interest of these companies is the result of the participation of the Ministry in international forums where business opportunities policies in force in the mining sector in this 2017-2022 quinquennium are disclosed. In this process the ministry wants the active participation of the national business class knowledge transfer and job creation for young Angolans as well as greater use of national services and products and the updating of policies and legislation governing Local content.We are holding public consultations to improve local content legislation in the Oil and Gas sector such as yesterday with the participation of several of the delegates present so that we have a law that meets the needs of the present and future in Local Content terms. We hope that with this project the country will have competitive and efficient local companies taking into account the recently legislated free market economy regime he underlined. He reiterated the call on oil and mining companies to carry out human resource plans and use of national service providers promoting the recruitment integration training and technical development of national citizens and capacity building for Angolan companies in the Sector.