3 September 2014

Angola: Minister Highlights Importance of Fertilisers

Luanda — The production of fertilisers from agro-minerals is crucial in the country?s strategy, with the agro-industry sector playing a relevant role in the growth and diversification of the economy.

This was said Wednesday in Luanda by the minister of Geology and Mining, Francisco Queiroz.

Francisco Queiroz was addressing the opening of the 3rd Consultative Council of the Ministry.

He said on the occasion that a study is underway for the creation of a company to ensure the State's interests concerning agro-mineral resources.

The official also spoke of the activity conducted by the sector in the first half of this year and in 2013.

The minister stated that 172,856 square kilometres of the national territory has been covered by the areal geophysical stock-taking, under the National Geological Plan.

He said the works are going smoothly as planned and hurdles being handled by the members of the multi-sector commission.

As to the Mining Code in force in the country for the last two years, the minister underlined that the positive effects are visible regarding the new rules governing the organisation and functioning of the National Mining Department, where there is a closer relation with the mining operators and data and information gathering, including tax and royalty collection.

Francisco Queiroz also mentioned the mining projects underway like those for exploration of phosphate in the provinces of Cabinda and Zaire, as well as the creation of a fertiliser production plant in the municipality of Soyo (Zaire), with start planned for 2015.

In this regard, he added that Angola might soon meet its need for 400,000 tons of fertilisers a year and export some.

In the diamond sector, the minister mentioned the Tchiuzo Project, in northeastern Lunda Sul province, with a Usd 21 million investment.

Francisco Queiroz also spoke of the internationalisation of the national Diamond companies (Endiama and Catoca).

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