At the 32nd Mining Indaba, Africa’s largest mining conference and exhibition, held from February 9 to 12 at the Cape Town International Convention Centre, Angola presented an investment opportunity portfolio potentially worth up to US$400 million.
A high-level delegation led by Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo, bringing together thirteen national organisations including Endiama, Sodiam, Catoca, Luele, Sonangol, the National Mineral Resources Agency and the Geological Institute of Angola, showcased the country’s mining potential during Angola Day.
Projects chiefly concern exploration and mining of gold, diamonds, rare earths, iron and manganese. Endiama executive director Ana Maria Feijó said: “Mining Indaba is an opportunity for investors. We are still negotiating with some investors, but while awaiting Angola Day we will present our projects. Investors have approached us for more information about other projects in Angola.”
Paulo Tanganha, Director of Mineral Resources, Petroleum and Gas, emphasised small and medium-sized enterprises (SMEs): “Angola already has excellent companies operating in mineral resources, but we also need SMEs to strengthen the government’s vision, diversify the economy and boost mining production. Given geological characteristics, there are deposits and minerals large companies do not hold, making these opportunities attractive to SMEs.”
The world’s fifth-largest diamond producer, with 8.8 million carats in 2022, Angola actively pursues economic diversification beyond oil. The government targets $2 billion in mining investment by 2027, drawing on an attractive regulatory framework and substantial geological potential that remains largely underdeveloped.
Angola’s participation in Mining Indaba 2026, under the overarching theme “Stronger Together: Progress Through Partnerships,” forms part of a continental effort to mobilise capital and turn mineral resources into inclusive, sustainable growth.
With these concrete announcements and strong institutional representation, Luanda hopes to conclude several strategic partnerships before the event closes on February 12.