Luanda – Rio Tinto group is expected to invest five million 668 thousand and 400 dollars in the project for the production of basic metals, which include zinc, copper, titanium and aluminum, in the Angolan eastern province of Moxico.
The information was provided today, Wednesday, by the representative of the Negotiation Committee of the Ministry of Mineral Resources, Oil and Gas (MIREMPET), Mara de Oliveira, while making a brief review of the negotiation with this British-Australian multinational, at the time of signing the contract.
Mara de Oliveira said that the production of basic metals will be carried out in the municipalities of Alto Zambeze and Bundas, in Angolan eastern Moxico province.
She explained that the State's participation in the project is 0.1% of the product in kind, under the Mining Code, with tax incentives valued at 20 percent, as an investment premium, and a three-year grace period.
Meanwhile, the general director of Rio Tinto Angola, Canga Xiaquivuila, considered the contract as a new cycle for the multinational in Angola, as it will operate in one of the fundamental mineral resources for the energy transition.
He pointed out that the project will have an impact on the socio-economic development of Angola, with the collection of revenue, as well as the generation of new local jobs.
He made it mentioned that base metals are necessary for the production of clean and renewable technologies, contributing to the diversification of mining activity in Angola.
“Rio Tinto intends to be a strategic partner of the Angolan State for the development of the Mineral Resources sector, with the exploration and transformation of materials that the world needs to grow and decarbonize economies, find mutual gains and new opportunities”, he highlighted.
The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, was satisfied, mainly with the job recruitment that the project will provide for local residents.
The government official also praised the fact that the project implies the diversification of the sector and, consequently, the country's economy.
According to the minister, the agreement is a relevant act, due to the agreement with one of the largest global mining companies, working with commodities that allow for the continued development of the planet, as well as improving the quality of life of the populations, which will also facilitate the energy transition.
Rio Tinto Group is an Anglo-Australian conglomerate, with its head office in London, United Kingdom. It produces iron ore, copper, aluminum, coal, titanium dioxide, uranium and diamonds.
The group has operations in more than 20 countries on five continents: North America, Oceania, South America, Africa, and Europe. ML/AC/DOJ
