Angola signs US$6 billion agreement with Canadian company for copper prospecting.

According to the terms of the contract, copper prospecting work is to take place in the provinces of Moxico and Cuando Cubango. The memorandum was signed at the opening ceremony of the 2nd International Conference and Exhibition on the Mining Sector (AMC-2023) between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines.

Julieta Paquete

An agreement for copper prospecting in the country was recently signed between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, a company in the Canadian mining sector, and is valued at US$6 billion, said the head of the Canadian company, Marna Cloete.

According to the terms of the contract, copper prospecting work is to take place in the provinces of Moxico and Cuando Cubango. The memorandum was signed at the opening ceremony of the 2nd International Conference and Exhibition on the Mining Sector (AMC-2023) between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, by its representatives Jacinto Ferreira dos Santos Rocha and Marna Cloete, which takes place at the Talatona Convention Center (CCTA).

The event saw the signing of two memoranda of understanding, one between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, a Canadian mining company focused on advancing its three main projects in Southern Africa.

The event saw the signing of two memoranda of understanding, one between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, a Canadian mining company focused on advancing its three main projects in Southern Africa.

For her part, the president of Ivanhoe Mines, Marna Cloete, said that the company's offices in Angola will be opened immediately, followed by the geological studies phase and the subsequent phase the company will move into the exploration area.

"The agreement will allow mining rights to be obtained for copper prospecting in the provinces of Moxico and Cuando Cubango, for an initial amount of US$6 billion," said the president of the mining company in Angola.

Another memorandum, also signed at the ACM, was between the Geological Institute of Angola (IGEO) and the United States Geological Survey (USGS), within the scope of collaboration and exchange in the technical-scientific areas, visits, training and capacity building, and cooperative research.

The signatories, on behalf of Angola, were the CEO of IGEO, José Manuel, and on the American side, the Ambassador of the United States of America in Angola, Tulinabo Mushingi, who cites three (3) points: 1st Scientific cooperation between Angola and USA.


2º Map the Mineral Resources of Angola, where you will have a map that will show the Mineral Resources. 3º It is intended to make Angola a supplier of these Resources, because the world needs it for energy transition.

On the occasion, the Minister of Mineral Resources, Oil and Gas (MIREMPET), Diamantino de Azevedo, asked about the importance of holding AMC-2023, stated that this is intended to publicize the current state of the Mining sector in Angola and, that if the National Development Plan is being fulfilled, "this sector is for private agents" it is up to the government to create a good working environment,  how to create higher quality geological laws and infrastructures, as well as train mining professionals so that together they can develop the mining sector.

Regarding the benefits of the signed memorandums, the minister believes that they will bring to Angola the Networking, experience and capacity that USGS has in the field of mining and exchange in the technical-scientific areas.

The 2nd International Conference and Exhibition on the Mining Sector takes place from Thursday to Friday in November, lasting two days, under the motto "Mineral Resources", with a focus on development and investment for the growth and continued expansion of the Copperbelt's clean energy transition, transforming it into a major hub for the production of battery minerals.

ACM-2023 has become a networking platform organized by the Ministry of Mineral Resources, Oil and Gas and the company AMETrade. It was attended by more than 450 attendees, 54 exhibitors from 25 countries and a total of 60 speakers. 
 

Angola signs US$6 billion agreement with Canadian company for copper prospecting

According to the terms of the contract, copper prospecting work is to take place in the provinces of Moxico and Cuando Cubango. The memorandum was signed at the opening ceremony of the 2nd International Conference and Exhibition on the Mining Sector (AMC-2023) between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines.

Nov 29, 2023 - 13:34
Latest update   - 09:00
Angola signs US$6 billion agreement with Canadian company for copper prospecting
© Photography by: DR
Angola signs US$6 billion agreement with Canadian company for copper prospecting

Julieta Paquete

An agreement for copper prospecting in the country was recently signed between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, a company in the Canadian mining sector, and is valued at US$6 billion, said the head of the Canadian company, Marna Cloete.

According to the terms of the contract, copper prospecting work is to take place in the provinces of Moxico and Cuando Cubango. The memorandum was signed at the opening ceremony of the 2nd International Conference and Exhibition on the Mining Sector (AMC-2023) between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, by its representatives Jacinto Ferreira dos Santos Rocha and Marna Cloete, which takes place at the Talatona Convention Center (CCTA).

The event saw the signing of two memoranda of understanding, one between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, a Canadian mining company focused on advancing its three main projects in Southern Africa.

The event saw the signing of two memoranda of understanding, one between the National Agency for Mineral Resources (ANRM) and Ivanhoe Mines, a Canadian mining company focused on advancing its three main projects in Southern Africa.

For her part, the president of Ivanhoe Mines, Marna Cloete, said that the company's offices in Angola will be opened immediately, followed by the geological studies phase and the subsequent phase the company will move into the exploration area.

"The agreement will allow mining rights to be obtained for copper prospecting in the provinces of Moxico and Cuando Cubango, for an initial amount of US$6 billion," said the president of the mining company in Angola.

Another memorandum, also signed at the ACM, was between the Geological Institute of Angola (IGEO) and the United States Geological Survey (USGS), within the scope of collaboration and exchange in the technical-scientific areas, visits, training and capacity building, and cooperative research.

The signatories, on behalf of Angola, were the CEO of IGEO, José Manuel, and on the American side, the Ambassador of the United States of America in Angola, Tulinabo Mushingi, who cites three (3) points: 1st Scientific cooperation between Angola and USA.


2º Map the Mineral Resources of Angola, where you will have a map that will show the Mineral Resources. 3º It is intended to make Angola a supplier of these Resources, because the world needs it for energy transition.

On the occasion, the Minister of Mineral Resources, Oil and Gas (MIREMPET), Diamantino de Azevedo, asked about the importance of holding AMC-2023, stated that this is intended to publicize the current state of the Mining sector in Angola and, that if the National Development Plan is being fulfilled, "this sector is for private agents" it is up to the government to create a good working environment,  how to create higher quality geological laws and infrastructures, as well as train mining professionals so that together they can develop the mining sector.

Regarding the benefits of the signed memorandums, the minister believes that they will bring to Angola the Networking, experience and capacity that USGS has in the field of mining and exchange in the technical-scientific areas.

The 2nd International Conference and Exhibition on the Mining Sector takes place from Thursday to Friday in November, lasting two days, under the motto "Mineral Resources", with a focus on development and investment for the growth and continued expansion of the Copperbelt's clean energy transition, transforming it into a major hub for the production of battery minerals.

ACM-2023 has become a networking platform organized by the Ministry of Mineral Resources, Oil and Gas and the company AMETrade. It was attended by more than 450 attendees, 54 exhibitors from 25 countries and a total of 60 speakers.