Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo stated that the country is pursuing heightened investment to ramp up the production of critical minerals.
Speaking during a forum last week, Minister Azevedo explained that Angola is rich with 36 of the 51 critical minerals essential for the energy transition, and as such, offers significant opportunities for both mineral and energy investors. Key resources include cobalt, copper, graphite, iron ore, lithium and manganese, among many others.
Currently, lack of investment is restricting the full monetization and exploitation of these resources, with Minister Azevedo stating that with increased capital and international player participation, the country will be well positioned to strengthen productivity as well as the efficiency of the value chain.
The Government of Angola has placed both energy and mineral development as crucial drivers of the economy, with Minister Azevedo stating that he is confident that the country will become a top supplier of critical minerals within the next five years.
