ANGOLA

Angola has 36 of the 51 most sought after minerals in the world

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The list will be revised, if necessary, every five years, in consultation with mining industry experts.

According to the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, at the opening of the Investment Forum, on the sidelines of Mining Indaba 2023, the country has an enormous mining potential for clean energy technologies that, among others, include chromium, cobalt, copper, graphite, iron ore, lead, lithium, manganese, neodymium, praseodymium, nickel, silver, titanium and zinc, all of them at different stages of the mineral development value chain.

Considering this fact, the official guaranteed that Angola is and will be a reliable source for the critical minerals needed for the energy transition, adding that “the Angolan Government will not only promote the extraction of these minerals, but will also demand that a significant part of the value chain of these minerals is developed in the country”.

Diamantino Azevedo also said that “given the urgent need to develop critical minerals in Angola, initial efforts are focused on minerals such as lithium, iron ore, nickel, lead, cobalt, copper and rare earth elements, targeting the entire chain of In this sense, according to the minister, the start of production of neodymium and praseodymium, used in the manufacture of batteries for electric cars, is expected to begin in the coming years, in addition to copper and niobium.

“This means that Angola can make a big leap forward in terms of exploring critical minerals in the next five years.

Today, critical minerals represent a generational opportunity for the Angolan Government, economy and future zero net emissions. They are the foundation on which modern technology is built”, highlighted Diamantino Azevedo.

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