Luanda: The Mining Chamber of Angola aims to turn mining titles into viable and profitable ventures by providing investors and other sector operators with the necessary training. The objective was outlined in Luanda on Tuesday by the vice-president of the Mining Chamber of Angola, Jos© Calamba, at the opening of a four-day training course on 'Turning mining rights into structured, financially viable and productive projects prepared for investors'. Speaking to the press, Jos© Calamba stressed that simply holding a mining title 'does not guarantee the existence of a mine or a business'.
According to Angola Press News Agency, Jos© Calamba emphasized the need for geological information, technical studies, and financial capacity to transform mineral potential into investment, employment, and revenue for the State. He noted that a title alone does not equate to a mine, a business, or a company. The main challenge, as he described, is developing projects backed by substantial geological data, thorough technical studies, and a robust financial structure capable of attracting investors.
To support this process, Calamba announced an international financing facility that could begin with USD 500,000, without equity transfer, and would include technical assistance. He highlighted that transforming mining titles into businesses entails converting mineral resources into employment, investment, and State revenue.
Trainer Domingos Joo added that the training focused on enhancing mining companies' legal compliance by improving the management of procedures, documentation, and institutional relations with sector authorities. He emphasized the role of the Mining Chamber of Angola in serving as a platform for companies by promoting training, capacity-building, dialogue, and the defense of common interests.
Joo underscored the importance of combating illegal mining through a joint effort involving companies, communities, authorities, and all stakeholders in the sector. He stated that compliance, institutional cooperation, and collective responsibility are crucial for creating a more organized, safer, and sustainable mining sector.
The Mining Chamber of Angola (CAMINAS) is a representative organization that promotes the sustainable, competitive, and transparent development of the mining industry, fostering dialogue between the public sector, companies, investors, technical partners, and national and international institutions.
