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ANGOLA'S GEOLOGICAL INSTITUTE ADVANCES NATIONAL PLAN TO BOOST MINING SECTOR
22 October 2013

The Angola Geological Institute signed three service contracts last week in Luanda to construct infrastructure that will advance the implementation the National Geology Plan (Planageo), a program aimed at bolstering long-term planning and sustainable development of the country's mineral exploration and mining sector, reports the Angola Press.

Following the Institute's signing with a Spanish firm and two Brazilian firms, a budget of about US$405 million has been allocated for the Planageo, which will provide training in human resources, the study of geological, geo-chemical, and hydro-geological surveys, and construction of infrastructures with which to support geological research, notes the news source.

"With the result of the Planageo we expect to reach some goals that include a survey of all mineral occurrences in the country, their localisation and mapping of the whole national territory," said Minister of Geology and Mining Francisco Queiroz, as quoted by  Angola Press. He added that Planageo would additionally work to promote local and foreign investment in the country's mining sector.

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