Angola is striving to become a significant exporter of value-added critical minerals within the next 10-15 years. The African Mining Week will highlight the nation’s mining potential, which includes various high-profile projects that seek to diversify revenue from the industry. Key initiatives, partnerships, and investments will be discussed at AMW 2025 to attract international attention and investment.
Angola aims to establish itself as a significant exporter of value-added critical minerals within the next decade to fifteen years. The forthcoming African Mining Week (AMW) will highlight Angola’s potential as a global exporter of critical minerals, as the nation identifies 34 out of the 54 critical minerals acknowledged by the European Union in its diverse mineral-rich basins.
The Angolan government is actively promoting investment throughout the critical mineral value chain to boost economic diversification and enhance revenue from the mining sector. AMW is a crucial platform for exploring mining opportunities across Africa and will occur alongside the African Energy Week: Invest in African Energy 2025 conference from October 1-3 in Cape Town. Interested parties can reach out through [email protected] for further details.
Numerous mining initiatives are currently underway in Angola. In January 2025, Pensana, a UK-based company, secured funding from Absa Bank in South Africa for the Longonjo Rare Earth Project, valued at $325 million. This project is anticipated to supply 5% of the global high-grade rare earth carbonate, generating $6 billion in export revenue and contributing $1 billion in tax revenue at the regional level, thereby aiding in revenue diversification.
In addition, the Chinese firm Shining Star is expected to commence operations this year at the Mavoio-Tetelo copper project, with an expected production of 300,000 tons of copper annually, thereby significantly boosting Angola’s mining income. Australian firm Tyranna Resources, in collaboration with Sinomine, is advancing multiple lithium projects, particularly the Namibe and Muvero lithium mines, with ongoing drilling to discover more reserves.
Moreover, Canada’s Ivanhoe Mines is launching several copper exploration initiatives in Angolo’s Moxico and Cuando Cubango provinces, contributing to the diversification of the mining sector. In an effort to enhance value addition in the manganese sector, Angola is developing a $250 million manganese-to-silica processing facility in conjunction with ST New Materials, targeting operational readiness by 2025, alongside projects aimed at steel production from iron mined in Kasinga.
In its pursuit of attracting new investments across the critical mineral value chain, AMW 2025 will unite Angolan stakeholders and international investors to explore partnership opportunities and growth potential within the industry. The event features panel discussions, project showcases, and exclusive networking opportunities, fostering connections between global investors and Angola’s burgeoning critical minerals market.
In summary, Angola is strategically positioning itself to be a leading exporter of critical minerals, with major mining projects and initiatives underway. The upcoming African Mining Week serves as a vital platform for collaboration between local stakeholders and global investors. Through these efforts, Angola aims to diversify its economy and enhance revenue generation from its mineral resources, thus securing its position in the global mining landscape.
Original Source: www.zawya.com
