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Sat, 08 Oct 2016 11:05 - Updated Sat, 08 Oct 2016 11:05

Angola wants mining investment fund

Luanda - The mining sector is studying the creation of a mining investment fund to support local businesses and therefore development of the sector, said Friday in Luanda the minister of Geology and Mining, Francisco Queiroz.

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Speaking to ANGOP, Francisco Queiroz said that such funds are part of the initiative by interested people with the support of specialised companies in creating funds.

The official added that some companies have contacted the sector and expressed their availability to bring their experience and develop it in Angola.

He also explained that people interested in creating the fund, in case of entrepreneurs who wish to invest in the mining sector but without sufficient capacity, can join this fund.

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