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Fri, 09 Feb 2018 18:08 - Updated Fri, 09 Feb 2018 18:08

Angola still experiences geological information problems

Luanda - The country still faces the problems of availability of adequate and quality geological information, like that of specific financing programmes for prospecting activity.

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Diamantino Azevedo - Minister of Oil and Mineral resources

Photo: Gaspar dos Santos

The information was released Friday by minister of Resources and Oil, Diamantino Azevedo, who stressed that such a situation hinders the investment in the Mining sector.

He was speaking at consultation meeting with business class on the  programme to support production, diversification of exports and replacement of imports (PRODESI).

The official said that both the Ministry and the operators of the sector should combine efforts to tackle this issue.

Diamantino Azevedo drew the attention to the need of telling what means "anomaly" and occurrences.

According to him, the State has been performing some actions with immediate impact, while the others with medium and long term impact.

Prodesi is a coordinating mechanism  of the initiative of private and state-owned sector to facilitate business requirements.

It also help reduce costs, identify business opportunities, attract investors and promote financial products that can help national banks.

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