Africa Mining: Angolan consortium starts mining gold deposits

A project to mine gold deposits in the municipality of Nambuangongo, in Angola’s Bengo province, is expected to start operating in August, with an annual production of 450 kilograms of gold expected, according to the chief executive of Angola’s national iron company Empresa Nacional de Ferro de Angola (Ferrangol).

João Paulino Júlio Chimuco, presenting the project to the Minister of Mineral Resources and Oil, Diamantino Azevedo, who visited the province, said that initially 90,000 tons of ore will be processed, a figure previously determined through collection and analysis that showed the deposits contain an average of five grams of gold per tonne.

The TiandaiMining mining project, which covers an area of five square kilometres in that municipality, is a consortium under Angolan law made up of TiandaiMinas, Ferrangol – Pesquisa e Produção and Actus, in percentages that have not been disclosed.

The chief executive also told the minister that this project, in which a US$10 million investment is planned, began to be developed in 2012/2013, with the location of the main gold deposits already determined, according to the Angop news agency. (macauhub)