Angola is the 7th largest country in Africa and has a wealth of natural mineral resources – it is the third largest producer of diamonds on the African continent. There is massive potential for expansion and growth in the country’s mining sector, which means there is potential for mining companies wanting to enter the Angolan mining industry, and for potential mining investors. Angola is considered a country that offers the potential for high returns, but at a massive risk for investors.
In fact, the Angolan government actively encourages foreign investment, seeking to attract mining companies to Angola, and aiming to increase the contribution of mining to the GDP, while tackling unemployment. There are currently 20 mining projects in Angola owned by 19 companies. Some of these are mining companies with mining operations, and others are investors that are interested in specific mining projects. Many of these are international mining companies. So, if you’re looking to target mining projects in Angola, or negotiate deals with the mining companies in the region, a subscription to African Mining IQ (AMIQ) puts you ahead of your competitors. The government agency that controls investment into Angola is called ANIP – Angola National Agency for Private Investment.
While diamonds are the primary mineral mined (16 of the current 20 mining projects), the four other projects currently underway are iron ore, copper and phosphate minerals.
However, Angola is also rich in other mineral resources: manganese, copper, gold, granite, marble, uranium, quartz, lead, zinc, wolfram, tin, fluorite, sulphur, feldspar, kaolin, mica, asphalt, gypsum, and talc. The government hopes to resume mining in the southwest for crystalline quartz and ornamental marble, as it has been estimated that 5 000 m³ of marble could be extracted annually for a period of 20 years. It is interesting to note that diamonds are responsible for more than 98% of the Angolan government’s earnings.
AMIQ grants subscribers’ access to Angola’s, and Africa’s, largest mining database. It contains all required information needed for subscribers to contact key personnel in mining companies in Angola, as well as project engineers, suppliers and other pertinent members. Contact us today for subscription plans and pricing.
In Q2 2018 there were 19 mining companies in Angola listed on AMIQ as mine owners and/or investors. In alphabetical order, they are:
The 4 highest capital value projects in Angola are owned by 7 mining companies with the Angolan government having investor ownership in one of them. The 7 companies are: Angola Exploration Mining Resources, FERRANGOL, Petril Phosphates, Minbos Resources, ITM Mining, Lumanhe, ENDIAMA and Axactor.
Mine owner: Angola Exploration Mining Resources and FERRANGOL
Project: Cassinga (AKA Kassinga) Iron Ore Project
Capital Value: R9.5 billion
Mineral: Iron Ore
Status: On hold
Mine owner: Petril Phosphates and Minbos Resources
Project: Cacata Project
Capital Value: R2.3 billion
Mine owner: ITM Mining; Lumanhe (investor) and ENDIAMA (investor)
Project: Cuango Mine
Capital Value: R716.5 million
Mine owner: Axactor and the Government Of Angola (investor)
Project: Cassanguidi Diamond Mine
Capital Value: R201 million
Status: Licence relinquished
Projects IQ has over 1 900 projects listed on its database of mining companies across Angola and the rest of Africa. To find those pertinent to your interests has been simplified by AMIQ. Click on the
Mining companies interested in setting up shop or investing in Angola will need to deal with the Ministry of Mineral Resources and Petroleum:
The Ministry of Mineral Resources and Petroleum is responsible for creating, conducting, executing and controlling the country’s policy relating to the safe and sustainable development of its natural resources. This includes all aspects of the exploration, development and production of minerals, crude oil and gas, refining, petrochemicals, storage, distribution and marketing of mineral and petroleum products, as well as the production and commercialisation of biofuels, with due regard to the protection of the environment.
The Ministry is also responsible for the promotion, follow-up and orientation of geological and mining activities, as well as for the preparation of the processes related to the licensing and georeferenced registration of exploration and exploitation of mineral resources in Angola.
With Africa Mining IQ, those interested in mining companies in Angola have a tangible resource which allows them to keep up-to-date with all projects.
Project Contact Information
Africa Mining IQ is the ONLY African mining intelligence database that guarantees a key contact per mine owner / project engineer or project supplier. All African mining projects are carefully researched and verified by a team of researchers.
Africa Mining IQ Reporting
In depth analysis reports delve into African mining project statistics such as number of projects per region per phase, and have been created for you to download and use for tendering and project tracking purposes.
The following leading companies use Africa Mining IQ: