Angola Adjusts 4 Mining Rights Involving Diamonds, Iron Ore and Granite

en.Wedoany.com Reported - Angola's Ministry of Mineral Resources, Petroleum and Gas issued several administrative decisions on mining rights, involving the revocation of a diamond exploration right, the approval of an iron ore investment contract, the granting of a granite mining right and the extension of an existing mining right. The relevant decisions were published in the Republic Gazette No. 193, Series II, and cover multiple mining areas beyond Cuando Cubango, including Lunda Norte Province, Cunene Province and Cuanza Norte Province. This adjustment covers 4 companies, corresponding to different minerals and stages of mining rights.

Under Executive Decree No. 9856/26, Angola revoked the diamond exploration right held by De Beers Angola in Lunda Norte Province, involving license No. 019/04/13/T.P./ANG-MIREMPET/2022. The license was originally valid until March 2028, and this decision terminates the company's exploration rights in the corresponding mining area. The revocation applies to the mining right under that specific license.

In the field of iron ore development, Executive Decree No. 9853/26 approved the mining investment contract of L. FENG – Comércio & Serviços (SU), Ltd. in Cuanza Norte Province. The contract covers mineral reconnaissance, exploration, study, evaluation and extraction, and involves subsequent development arrangements for iron ore resources. The direct content of this administrative decision is the approval of the investment contract and the related mining right granting arrangements, and project development work will be carried out in accordance with the contract.

Regarding granite resources, Executive Decree No. 9854/26 approved the granting of a granite mining right to Socolil, Ltd., involving building decorative stone and industrial rock resources. Another Executive Decree No. 9857/26 extended the mining right of Kimpuanza – Recursos Minerais, Ltd., involving mining activities in the Otchinjau area of Cahama Municipality, Cunene Province, under the original license No. 322/09/06/A.M.E./ANG-MIREMPET/2020.