On Tuesday, the Angolan minister for Mineral Resources, Oil, and Gas Diamantino de Azevedo revealed in Cape Town, South Africa that the country is in the process of having a stronger mining industry that would contribute to the diversification of the country’s economy.

This was after his remark on the topic “Critical Minerals for Energy Transition”. The lecture was geared towards several players in the mining market at the International Conference on Mining in Africa which the 7th day is dedicated to Angola.

With 200 participants in attendance, the minister guaranteed that mining activity is taking place in Angola on a large scale.

He noted that this is an important factor for the country to have a more grounded mining industry in the latter that has the capacity of contributing to the diversification of the economy.

He continued, still addressing the matter of mining investment, that he has presented Angola’s potential for the type of critical minerals in this phase of the energy transition. 

He further showed concrete examples of potential projects for base metals, of the Platina group which AngloAmerican carries out in Mexico and Cunene with six concessions.

The minister concluded by addressing specialists, business owners, and potential investors bearing the message that Angola is a stable country, pointing out a company that is planning to exploit copper and phosphates in Cabinda.