Angola, a country endowed with considerable mining potential, sees critical minerals as a gateway to business opportunities that will drive its socio-economic development and play a pivotal role in the global energy transition.
Mankenda Ambroise, speaking on behalf of the Minister of Mineral Resources, Oil and Gas, highlighted the significance of critical minerals and their potential to position Angola as a reliable source for clean energy technologies.
The second edition of the ‘Mining Business’ forum served as a platform to explore the challenges and opportunities that come with tapping into critical minerals.
Rich in Critical Minerals
Angola boasts substantial deposits of minerals vital for clean energy technologies. Among the 51 minerals considered most critical worldwide, 36 are known to exist in Angola, including chromium, cobalt, copper, graphite, iron ore, lead, lithium, manganese, neodymium, praseodymium, nickel, silver, titanium, and zinc.
Capitalizing on the Energy Transition
The energy transition presents immense opportunities for Angola’s mining sector. With growing international interest in clean energy and the drive towards zero net emissions of greenhouse gases by 2050, the demand for critical minerals is set to skyrocket.
Mankenda Ambroise emphasized the need for Angola to diversify its mining production and tap into its wealth of critical minerals, becoming a reliable source for projects aimed at producing essential minerals for the world’s energy needs.
Fostering Sustainable and Fair Energy Transition
While the prospects are encouraging, Ambroise acknowledged the challenges associated with the energy transition.
Angola, like many other African nations, must make significant efforts to transform its mining project portfolios and capitalize on the opportunities presented by the energy transition.
These efforts will pave the way for the country to play a central role in shaping the future of clean energy and its associated industries.
Attracting Investors and Growing the Mining Sector
The ‘Mining Business’ forum is a crucial platform for Angola’s executive to attract potential investors who can contribute to the growth, development, and diversification of the mining sector.
By creating an environment conducive to large-scale investments, Angola can become a sought-after destination for companies looking to engage in sustainable and responsible mining projects.
Aligning its ambitions with the African Mining Vision (2020-2063), Angola aims to develop a robust and prosperous mining sector that contributes significantly to the continent’s economic development.
As Angola embraces its role as a potential powerhouse of critical minerals, the country stands at the threshold of unprecedented business opportunities.
The second edition of the ‘Mining Business’ forum provided a space for stakeholders to engage in a meaningful dialogue about the challenges and prospects of mining transition.
By strategically harnessing its wealth of critical minerals and fostering sustainable practices, Angola can solidify its position in the global energy transition and emerge as a significant player in the clean energy industry.
As investors and governments around the world seek secure sources of critical minerals, Angola holds the key to unlock a prosperous and sustainable future.
