Thursday, February 29, 2024

Angola and multinational Rio Tinto signed a mining investment contract

The signing ceremony was attended by the Minister of Mineral Resources, Oil, and Gas, Diamantino Pedro Azevedo; the deputy governor of Moxico for the political, economic, and social sectors, Victor Silva; as well as the general director of Rio Tinto in Angola, Ganga Xiaquivuil; and other officials.

Xiaquivuil emphasized that the signing of the contract represents a new cycle of the company’s presence in the country, which, in addition to exploring the Chiri kimberlite in Lunda Sur, will work on one of the key mineral resources for the transfer of energy.

He explained that these are the materials needed for the production of clean and renewable technology, which constitutes a factor in the diversification of the mining activity in Angola.

“Rio Tinto intends to be a strategic partner of the Angolan State for the development of the sector of mineral resources,” he stated, and he committed to creating mutual benefits and continuing the dialogue with the authorities to find new investment opportunities.

He emphasized that the company is recognized worldwide for its responsible and sustainable work design, which defends the integration of communities and protects the environment.

Likewise, he stated that the priority is to hire local employees to facilitate relations and guarantee sustainable development wherever there are mining projects.

Minister Azevedo, for his part, cataloged the contract, the third signed by a multinational for the search and exploration of base metals, as an example of the diversification of the country’s mining sector.

He invited Rio Tinto to expand its investment areas and emphasized the importance of hiring nationals for the work to be done from now on.

The project, known as the Moxico Concession, is located in the province of the same name and covers 9,959 square kilometers.

As Xiaquivuil explained in a press conference, he will work on the search for copper, cobalt, titanium, and other metals.

The vice governor of Moxico, Victor Silva, considers this a gain for the territory because, in addition to creating jobs, it should contribute to economic and social change.

In relation to this, they discussed the construction of important infrastructure, such as roads and bridges, in addition to other facilities and the geological study that will remain the heritage of the country.

World Nation News Desk
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