Angola is targeting significant exports of value-added critical minerals in the next 10 to 15 years. The upcoming African Mining Week (AMW) will focus on Angola’s potential, showcasing various projects, including significant contributions from firms like Pensana and Shining Star. Angola is advancing initiatives across multiple mineral sectors, aiming to attract global investors and diversify its economy.
Angola aims to emerge as a significant exporter of value-added critical minerals over the next decade and a half. The forthcoming African Mining Week (AMW), Africa’s foremost mining event, will highlight Angola’s potential in this sector, drawing attention to its status as a global player in critical minerals exportation.
The nation has recognized 34 out of the 54 critical minerals indicated by the European Union within its mineral-rich territories. To harness its industrial capabilities, Angola is increasing exploration and production while promoting investments throughout the critical mineral value chain. This initiative is part of a broader strategy to diversify the economy and enhance revenues from the mining sector.
AMW serves as an essential platform for exploring diverse mining opportunities in Africa, coinciding with the African Energy Week: Invest in African Energy 2025 conference, scheduled for October 1-3 in Cape Town. Interested parties can reach out to sales@energycapitalpower.com for further information about sponsorship, exhibition, and attendance.
Several mining projects are gaining momentum throughout the nation. In January 2025, UK’s Pensana secured $325 million in funding from Absa Bank to fast-track the Longonjo Rare Earth Project. This initiative is projected to account for 5% of the global supply of high-grade rare earth carbonate, generating $6 billion in export revenue and contributing $1 billion in taxes.
Additionally, Chinese firm Shining Star plans to commence copper production this year at the Mavoio-Tetelo project, anticipated to yield 300,000 tons of copper annually, substantially uplifting Angola’s mining income. Collaborations are also underway, such as Australian Tyranna Resources working with China’s Sinomine on lithium projects, boosting reserves and development timelines in areas like Namibe and Muvero. Canada’s Ivanhoe Mines has initiated copper exploration in Moxico and Cuando Cubango provinces to diversify Angola’s mining landscape.
To augment value addition in the manganese sector, Angola is establishing a $250 million manganese-to-silica processing facility with ST New Materials, set to begin operations in 2025. Furthermore, the country is advancing projects focused on producing steel from iron sourced from the Kasinga region.
As Angola seeks to attract further investments across the critical minerals landscape, AMW 2025 will facilitate collaboration between local stakeholders and global investors, serving as a conduit for exploring partnerships and growth avenues in the industry. The event will feature panel discussions, project showcases, and exclusive networking opportunities, linking international investors with Angola’s burgeoning critical minerals market.
In summary, Angola’s ambitions to become a leading exporter of value-added critical minerals are underscored by its participation in the upcoming African Mining Week. The country is strategically increasing investments and advancing projects that showcase its mineral wealth. With significant developments in rare earth, copper, and lithium production, Angola is positioning itself for economic diversification. Ultimately, AMW 2025 will serve as a strategic platform for fostering investment partnerships and exploring the growing opportunities within Angola’s critical minerals sector.
Original Source: www.zawya.com
