Angola Mining Report - Q4 2014

Business Monitor International
August 20, 2014
57 Pages - SKU: BMI5315600
Countries covered: Angola

Angola Mining Report - Q4 2014

Angola's mining industry is set to reach USD7.5bn in 2018, growing at an average rate of 5.3% a year. Therate of growth will remain stable thereafter, with diamonds providing the main thrust for production growthover the medium term. New areas of mining, including iron ore, copper and phosphates, are also receivingincreasing international interest from investors and are expected to provide further momentum for Angola'smining sector over the long term. That said, we do not expect the mining sector to receive much attentionfrom the government as the country's burgeoning oil sector attracts the lion's share of investment. Therefore,problems relating to mining such as poor infrastructure and stringent bureaucracy are unlikely to beresolved in the near term.

Prospecting To Begin In Kwanza Sul

In 2013, Angola-based diamond miner Sociedade Mineira de Catoca (SMC) was awarded the rights tocarry out prospecting for diamonds in the province of Kwanza Sul. The announcement followed thecompletion of surveying work by SMC in the mining zones of Gango and Quitúbia, both of whichencompass a concession area of 3,000km sq. The project will be the first diamond mining enterprise inKwanza Sul province and is the culmination of ongoing attempts to launch exploration projects at Gangoand Quitúbia since 2001. This and other projects will ensure that diamonds dominate Angola's miningsector for the foreseeable future.



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