Angola: Government and Rio Tinto sign investment contract today
The second largest metals and mining company in the world, Rio Tinto, signs today 16th January, in Luanda, with the Angolan Government, a mining investment contract for prospecting and exploration of base metals in the province of Moxico.
The information was provided by the Ministry of Mineral Resources, Oil and Gas, pointing out as the target of the contract the so-called “Moxico Concession”, which covers an area of 9,959 square kilometers. The list of base metals includes ores such as copper, lead, tin, aluminum, nickel and zinc.
Rio Tinto, which officially entered Angola in October 2021, is recognized for its success in mining iron, copper, aluminum, coal, titanium dioxide, boron, talc, uranium and diamonds.
In 2023, the Anglo-Australian multinational spent around 14 million dollars on drilling work, as well as geological and mining research in the commune of Chiri, Lunda-Norte.
READ:MULTINATIONAL RIO TINTO TO EXPLORE BASE METALS IN ANGOLA
