28 June 2013

Angola: Real Economy Commission Reviews Minerals Market Bill

Luanda — The Cabinet Council's Real Economy Commission, Friday in Luanda, reviewed the Presidential Decree Bill that regulates the market of minerals for civil construction, within the marks of the new Mining Code in force in the country.

Speaking to the press at the end of the session chaired by Angolan vice president, Manuel Vicente, the minister of Economy, Abrahão Gourgel, said the draft has been approved and will be reviewed in coming sessions of the Cabinet Council's Economic Commission.

The purpose, he added, is to regulate the exploration, production and sale of aggregate, so that all operations are conducted in line with the new Mining Code.

The minister also informed that the Real Economy Commission members learned of a second Presidential Decree Draft that creates the Gold Market Regulating Agency.

As to diamond production, Abrahão Gourgel said the figures of May this year indicate 600,000 carat which, the official added, represents one percent below the goal initially projected.

Commenting on agriculture, he recalled that the 4th Ordinary Session of the Real Economy Commission reviewed the National Strategy for the Revitalisation of Cotton Production, following the approval last week of the programme of resumption of the product chain of production.

The minister informed that the session also analysed matters concerning the mechanisms for the transfer to the private sector of public agro-industrial investments.

He stated that the said mechanisms will be submitted to the Cabinet Council's Economic Commission and to the head of the Executive, president José Eduardo dos Santos.

The meeting that also reviewed the monthly indicators on the Real Economy, served to estimate the evolution of the main production of the various productive sectors from April to May.

In this regard, the session considered that there was a positive evolution in such sectors as that of production of eggs.

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