Mining 2024

Angola has a civil law legal system. The Mining Code, approved by means of Law 31/11, of 23 September 2011, contains most of the rules governing the mining industry and mineral operations, from exploration to processing and marketing of all types of minerals.

Mining Industry Opportunities in Angola

The government is pushing for economic growth through mining, aiming to reduce dependence on oil exports. This article explores the current state of Angola's mining sector, …

Angola's Diamond Production Rises 36% in First Half of …

He also noted the diamond subsector's crucial role in Angola's economic and social development, serving as a significant source of revenue for the state. The event was recognized as an essential platform for exchanging ideas, experiences, and best practices, contributing to the sustainable and responsible development of Angola's diamond ...

Coola Project in Angola continues to deliver

UK-based Pensana recently provided an exploration update on its Coola project located 16 kilometres north of the Company's state-of-the-art Longonjo rare earth development in Angola. The company is looking to establish an independent, sustainable global supply chain of rare earth metals vital for electric vehicles and wind turbines, amongst other strategic industries.

Gemcorp, Endiama to develop diamond project …

Gemcorp will own 75% of the business and Endiama 25% and alongside with funding a pilot project, the London-based investment firm will oversee operations.

The growth of Angola's diamond production

During 2023, we have shifted towards managing our own mining operations. We have two mining concessions that are fully operational, Catoca and Luele, with the latter recently entering the production phase. The Luele …

Successful 2nd Edition of Angola Mining Conference highlights industry

T he 2nd Edition of the Angola Mining Conference, held on November 23rd and 24th at the Centro de Convençoes de Talatona in Luanda, has proven to be a pivotal event for the mining industry in Angola.The conference, organized by the Ministry of Mineral Resources, Petroleum and Gas in collaboration with AMETrade, and Bumbar Mining attracted key …

Angola and DRC Sign Enhanced Agreement for Offshore Block 14 Development

Angola's Ministry of Mineral Resources, Oil and Gas and the Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) have signed a revised ... have signed a revised agreement for the co-development of offshore Block 14. The agreement was formalized during the opening ceremony of the Angola Oil & Gas (AOG) 2024 conference in …

Diamond sector transformation in Angola approaches major …

The sale will mark a significant milestone for the Angolan diamond mining industry, being the first diamonds offered for sale in a competitive process under the new diamond marketing policy enacted by President Lourenco and the Angolan Council of Ministers.

Angola Poised for a Transformative Shift in the …

With the potential to reach a diamond production level of approximately 14.6 million carats this year, Angola's mining industry is well-positioned for significant growth under the country's newly approved National …

ALROSA to participate in the development of the largest deposit in Angola

PJSC ALROSA, the world leader in diamond mining, will participate in the development of a new diamond deposit in Angola.

Angola Economic Forum Highlights Future of Oil Industry …

On Thursday, the second day of the 2nd edition of the Angola Economic Forum, experts discussed the future of the oil industry and the dynamization of transport to bolster the national economy.

Breaking Ground: The Diversification of the …

Historically known for its diamond mining, Angola has a long and complex mining past. But in recent years, its critical minerals potential has caught the attention of the likes of Anglo American, Rio Tinto and Pensana who are …

Angola eyes becoming one of the world's largest diamond

The irony for South Africans is that this turnaround in Angola's attitude to the private mining sector is being overseen by Jacinto Rocha, who was the deputy director-general at the Department of Mineral Resources & Energy (DMRE) in 2005, when the Minerals and Petroleum Resources Development Act was imposed on the South African mining industry.

New Measures for Angola's Mining Sector

Angola has a great mining potential which, if well managed, could in the long term be a necessary industrial alternative for the country's development considering the industry itself as well as the various production chains brought by the prospecting, production, manufacturing, and marketing of the products.

Mining in Angola

Mining in Angola has only explored about 40% of the country's estimated diamond resources – suggesting that future growth in the industry is inevitable. As Africa's second-largest diamond producer at 8 million carats in 2009 – after …

All is set for the 2nd Annual Angola International Mining …

Key Themes and Speaker Sessions at the 2nd Annual Angola International Mining Conference and Exhibition 2023 on the theme "Mineral Resource Development, Sustainability and Challenges". The highly anticipated 2nd edition of the Angola International Mining Conference and Exhibition (AMC) is scheduled to take place from November 22 to 23, 2023, at the Centro de …

Positioning Angola as a globally competitive mineral producer

While Angola currently leads crude oil production in sub-Saharan Africa, the country has also made significant headway in its mineral wealth extraction, with the Ministry of …

Four things you should known about Angolan mining

These developments, alongside the country's total diamond reserves of around 180 million carats, have highlighted the significant potential for further diamond development in Angola. Indeed, Mining Review Africaclaimed in 2019 that Angola could become the world's largest diamond producer. While this may be ambitious, as Angola produces less ...

Diamond Export and Economic Growth in Angola

Mining in Angola is an activity with great economic potential, as the country has one of the ... industry, trade and other services. In the first instance, the mineral sector, in particular the diamond subsector, is the main focus as the second ... Many of these deposits are still awaiting development. Probably many

Angola poised for a transformative shift in the mining sector

With the potential to reach a diamond production level of approximately 14.6 million carats this year, Angola's mining industry is well-positioned for significant growth under …

Positioning Angola as a globally competitive mineral producer

Established by the then-Defense and Security Council, Mining Labor Day recognizes the role that mining workers play in transforming Angola's mining sector and the fabric of the national economy. As the country celebrated its 37th anniversary, global investors, regional stakeholders and Angolan mining companies turned to both new and existing ...

Angola's Luele Diamond Mine: A Global Mining Powerhouse

Angola is working on its ambitious plan to become a global mining leader, with the Luele diamond mine project at the forefront of this strategy. The Luele mine, located in the …

Revamping Angola's mining industry

Now, the country has restructured the mining industry with new regulations, which has led to a number of new investments. The government of Angola has identified mineral development as a paramount driver for the …

Diamond exploration and mining in southern Africa: Some …

Southern Africa is generally thought to be well explored, with only limited potential for major new diamond discoveries. However, Chiadzwa in Zimbabwe and reports of a significant new kimberlite ...

The growth of Angola's diamond production

We have two mining concessions that are fully operational, Catoca and Luele, with the latter recently entering the production phase. The Luele project is a very significant development and is set to become Angola's main …

Angola Poised for a Transformative Shift in the Mining Sector

With the potential to reach a diamond production level of approximately 14.6 million carats this year, Angola's mining industry is well-positioned for significant growth under the country's newly approved National Development Plan 2023-2027.

Oil industry in Angola

Combatting decreasing oil production Angola produced 1.3 million barrels of oil per day in 2020, the lowest level in the last decade. For comparison, in 2010, production reached a peak of around 1 ...

ANGOLA, A STORY OF ADVANCING GROWTH PROSPECTS

"The forecast is that Angola's mining production will trend at 1.6% in 2023 and 3% in 2024, as private investment in greenfield and brownfield projects increase, " it states in its latest look at …

Biggest Mines in Angola by Production

Australian-based phosphate mining company, Minbos Resources, acquired a mining licence in June 2020 from Angola's Ministry of Mineral Resources, Petroleum and Gas for the Cabinda Phosphate project. The …