Angola: Mirempet Aims to Increase Diamond Polishing Factories

4 January 2024
Angola Press Agency (Luanda)

Luanda — The creation of adequate conditions to attract more investment and, consequently, increase the number of diamond cutting factories in Angola will continue to be one of the main goals of the Ministry of Mineral Resources, Oil and Gas (MIREMPET).

According to the incumbent minister, Diamantino Azevedo, this challenge also involves continuous support for producers, with a view to increasing diamond production, which will accelerate the emergence of new projects and increase the polishing capacity for this mineral.

Speaking during the New Year's greetings ceremony, which took place last Wednesday, in Luanda, the government official reiterated the need to continue improving the country's business environment, to attract more investors and increase the capacity for prospecting and exploration of mineral resources in a sustainable way

In parallel with diamond production, the minister also assured producers of support to increase the production of gold, ferrous metals and start copper projects, as well as ensuring the use of non-metallic mineral resources, namely phosphate and potassium for the manufacture of fertilizers and limestone for soil correction.

Data from MIREMPET indicate that 70% of the national territory (around 872,392 square kilometers) offers exploitable mineral potential, which gives room for more investments in the sector.

Among the existing minerals, diamonds, copper, iron, silver, manganese, gold, limestone, marble and granite stand out, natural resources that were discovered with the implementation of the National Geology Plan (PLANAGEO), which aims, among other objectives, to relaunch and boost the fiscal contribution of this subsector in Angola.

This Plan included a global investment of 405 million dollars and also foresees improving knowledge of the geology and potential of mineral resources in the national territory, aiming to ensure the country's sustainable development.

With PLANAGEO, the aim is also to attract more mining and global exploration companies, similar to De Beers, which returned to Angola to begin prospecting work and, subsequently, start exploration in Angola. JAM/QCBCF/jmc

Read the original article on ANGOP.

Tagged:
Copyright © 2024 Angola Press Agency. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.