Africa-Press – Angola. Angola has 36 of the 51 minerals considered the most critical in the world, and it needs more investment combined with geological information to produce more and more, said this Wednesday, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo .
Currently there are occurrences of all types of minerals, however, this knowledge needs to be turned into reality, said the official in statements to the press, on the sidelines of the Forum on the Future of Critical Minerals for Energy Transition.
The set of critical minerals includes chromium, cobalt, copper, graphite, iron ore, lead, lithium, manganese, neodymium, praseodymium, nickel, silver, titanium and zinc.
Thus, Diamantino Azevedo said that Angola is and will be a reliable source for critical minerals, necessary for the energy transition, requiring more investment in discoveries than exists in the country’s soils.
“The Government, in addition to promoting the extraction of these minerals, will also require that a significant part of the value chain for these minerals be developed in the country and, consequently, transformed to boost the local economy and translate into gains or wealth for Angolan families” , he asserted.
Diamantino Azevedo indicated that there is an urgent need to increasingly maximize information on critical minerals in Angola, taking into account that, in a first phase, initial efforts are concentrated on minerals such as iron, nickel, lead, cobalt, copper and elements of rare earths, targeting the entire value chain.
“This means that Angola can make a big leap in terms of mining critical minerals in the next five years”, he underlined.
Diamantino Azevedo also assured that the country has significant deposits of critical minerals, in a stable investment environment, strong regulatory model and good governance to attract reliable companies, from many of the main investors in the world.
“Currently, large companies such as AngloAmerican, Rio Tinto, Ivanhoe and De Beers are active and operating in the Angolan mining sector, as well as some junior companies in exploration, such as Tyranna Resources and Pensana”, he pointed out.
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