Anglo American is looking to pursue base metals exploration in Angola. James Wyatt-Tilby, Anglo’s group head of corporate communication said that the company believes there to be geological potential in Angola. Furthermore, they have noted with interest the recent changes, including the release of a new Mining Code as well as the availability of the new country-wide geophysical data.
Angola is one of Africa’s major oil producers and a significant diamond producer. The government also believes the country has potential for copper, iron ore and gold. According to Reuters, Anglo American is the first major mining company to request exploration permits since Lourenco “vowed to open up the sector and encourage foreign investment.”
Angola is bordered by Namibia to the south, the Democratic Republic of Congo to the north, Zambia to the east, and the Atlantic Ocean to the west.
Anglo American plc is a multinational mining company based in Johannesburg, South Africa and London, United Kingdom. It is the world’s largest producer of platinum, with around 40% of world output. It has also held its place as a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal