Fri, 05 Jan 2018 17:31 - Updated Fri, 05 Jan 2018 17:31
Mining companies to invest US $ 10 million for gold exploration
Luanda - Two mining investment contracts totaling 10 million US dollars were approved by the Ministry of Mining and Petroleum for gold exploration in northern Cabinda province.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
One of the mines financial investment contractors approved to authorize exploration rights of gold is in favor of the company Mineração Buco-Zau, which will act in an extension of 331.75 square kilometers.
According to an Executive Order, published in Diário da República, dated December 21, 2017, Sociedade Mineração Buco-Zau, will invest five million US dollars to exploit this mineral resource.
In turn the same amount will also be invested by Sociedade Mineradora Lufo, which will explore the gold in an extension of 375.01 square kilometers, in the municipality of Belize, according to the same Executive order.
According to the document that reached Angop Thursday, the competent ministerial department of the incumbent Ministry authorized to issue the guide of collection of the referred rates, in relation to the first year of exploration.
The diploma further clarifies that the term of validity of the mining rights envisaged will have the duration within the limits established by law, corresponding to the lifetime of the mine estimated in the technical-economic and financial feasibility study (EVTEF).
- 06/02/2019 11:18:17
Luanda - The Angolan government is counting on French government's aid to build a strong economy, become less reliant on oil and competitive enough to generate prosperity.
- 31/01/2019 17:55:18
Saurimo - The provincial governor of Lunda Sul, Daniel Félix Neto, assured Thursday in Saurimo, to support peasants with agricultural instruments and seeds, as part of the Government's strategy to combat hunger and poverty.
- 31/01/2019 10:43:25
Malanje - Angola and Namibia on Wednesday discussed technical, economic and environmental requirements for the construction of the Baynes Binational hydroelectric dam in the border region of both countries.
- 30/01/2019 11:42:40
Luanda - The Bio-energy company of Angola (BIOCOM) expects to increase its sugar production this year, from the prior 73,000 produced in 2018 to 100,000 tonnes in 2019, said the firm’s assistant manager, Luis Júnior.