The government is promoting investment across the critical mineral value chain as a strategy to advance economic diversification while unlocking greater revenue generation from the mining industry.
Angola has set a target to become a key exporter of value-added critical minerals in the next 10 to 15 years.
Across the country, various mining developments are taking off.
The $325m project is expected to supply 5% of the world’s high-grade rare earth carbonate, generate $6bn in export revenue and contribute $1bn in tax revenue to regional treasuries, helping Angola diversify its revenue generation.
Meanwhile, Chinese mining firm Shining Star is set to commence production this year at the 40-million-ton Mavoio-Tetelo copper project in northern Angola. The project is expected to produce 300,000 tons of copper per annum, significantly boosting Angola’s mining revenue.
Australian firm Tyranna Resources - in partnership with China’s Sinomine - is advancing multiple lithium projects in Angola, with ongoing drilling activities identifying additional reserves and expediting mine development. These projects include the Namibe and Muvero lithium mines.
Canada’s Ivanhoe Mines has also initiated a series of copper exploration projects in Angola’s Moxico and Cuando Cubango provinces, contributing to efforts to diversify the nation’s mining sector and revenue streams.
The country is also spearheading projects to produce steel from iron mined in the Kasinga region.
As the country pursues this goal, the upcoming African Mining Week (AMW) - Africa’s premier mining event - will spotlight Angola’s growing potential as a critical global minerals exporter.
AMW is held alongside the African Energy Week: Invest in African Energy 2025 conference from October 1 -3 in Cape Town.
