[2019-12-30] Comanganês company proposes to invest US$17 million in iron ore mining in Angola

Source: Macauhub

Angolan company Comanganês, the only one to make a proposal for iron ore exploration in an international public tender for mining rights, plans to invest US$17 million in the Cassala Kitungo mine, in Kwanza Norte province, said the company’s managing director.

Miguel Neto told Angolan state newspaper Jornal de Angola that the concession’s potential “is not yet fully known by the company,” and that initially iron ore would be extracted and, later, derivative products, in the concession that covers an area of 7,750 square kilometres.

When proposals were opened for the first international tender for mining right for exploration of diamonds, iron ore and phosphates, held on 19 December, a total of 17 proposals were announced.

The numbers show that seven proposals were focused on phosphate mining in Cácata, in Cabinda province, which has an area of 21,16 square kilometres, as well as Lucunga, in Zaire province, an area of 171 square kilometres, for which three proposals were received.

The proposals, from competitors from Angola, Australia, Switzerland and the United States, were presented via email to the Ministry for Mineral Resources and Oil by Wednesday, 18 December.

The chairman of the tender’s Assessment Commission Mankenda Ambroise, when opening the proposals said the aim was to grant the mining rights to the successful proposals on 24 April 2020.