The foundation stone for the construction of the Tetelo copper mine was laid Thursday by the minister of Mineral Resources, Oil and Gas, Diamantino Azevedo.
The investment of the prject, located in the municipality of Maquela do Zombo, northern Uíge province, in an area of 3.5 kilometers, is estimated at US$275 million.
The construction of the copper mine is expected to last 27 months and will have the capacity to produce, as of 2024, 4,000 tons of copper/day, totaling 30,000 tons of contained copper/year.
Of the initiative of the Shining Star Icarus (SSI) Firm, the construction of mining project will be in charge of the companies SinoHydro and China Power.
Addressing a foundation stone laying ceremony, the minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said it was the first copper mine in the country, adding that the project complies with all international procedures.
Source: Angola Press News Agency (APNA)