⚒️ Angola Fast-Tracks Mining Permits to Unlock Billions in Critical Minerals Investment

Angola is taking decisive steps to boost its appeal to global investors by speeding up the issuance of mining permits—particularly for critical minerals such as copper, rare earths, and lithium.

Speaking on the reform, Diamantino Azevedo, the Minister of Petroleum and Mineral Resources, said the current system must be modernized:

“We need to reduce the time required to obtain mining licenses and streamline administrative procedures.”

🎯 Strategic Targets

Luanda aims to:

• Attract USD 2 billion in non-diamond mining investments by 2027, and

• Increase the mining sector’s contribution to GDP from 1.3% to 1.6%.
  

🔧 Key Measures Announced

To achieve these goals, the government will roll out several major reforms:

• A fully digital mining cadastre, designed to bring greater transparency, efficiency, and easier access for investors;

• Closer monitoring of mining projects that have not yet entered production;

• Stricter regulation of new discoveries, including copper finds in Moxico and Cuando Cubango, as well as lithium deposits in Namibe.
  

These changes come at a dynamic moment for Angola’s mining sector. Last month, the country inaugurated Tetelo, its first large-scale modern copper mine—a USD 305 million investment. Angola is also preparing to launch its first major rare earths mine under the Longonjo project.

Together, these initiatives signal Angola’s ambition to become a key player in the global supply chain for the minerals essential to the energy transition and high-tech industries.

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