Angop - Agência de Notícias Angola Press

Cimenfort Industrial gets into phosphate field with $75million

Sat, 16 May 2020 13:23 - Economy

Luanda - Cimenfort Industrial, one the four winners of the international public tender to grant mining rights in Angola, is to invest US $75 million in phosphate exploration.

As the information was released in Luanda, last Friday, during a ceremony to announce the winners of the tender, the company's project coordinator, David Silva, also said that, in a first phase, the project should generate 80 direct jobs, 160 in the second phase and 190 in the third phase.

Cimenfort, based in the centre-west Benguela Province, is  one of Angola's biggest cement producers, and now it makes its debut in phosphate exploration.

In total, seventeen institutions participated in  the tender that granted mining rights  for the exploration of iron, diamonds and phosphate, in the province of Cuanza Norte, Cabinda, Zaire and Lunda Norte.

Besides the ''Cimenfort Industrial, LDA'' (Angola), other winners were; ''Mimbos Resources,LDA'' (Australia) – Phosphate, and for the diamond exploration, Bizzi & Associados / Somipa ”(consortium Angola / Brazil) and“ Ishangol ”(USA).

For iron exploration, the only candidate company did not meet the requirements, according to Mankenda Ambroise, coordinator of the evaluation committee.

In this international public tender, the first in the mining sector in Angola, the concession of the phosphate deposit in the region of Cácata (Cabinda), was the one that received the highest number of proposals, with a total of seven competing companies, corresponding to 41.2% , followed by the kimberlite from Camafuca Camazombo, province of Lunda Norte, with four competitors (23.6%).