National Assembly Approves Mining Code

19 July 2011

Luanda — The National Assembly approved Tuesday the Mining Code, which unites in one diploma the fundamental juridical aspects of the mining activity.

The document was approved during the second session of extraordinary plenary, led by the Speaker of the National Assembly, Paulo Kassoma, with 159 votes in favour, five against and 14 abstinence.

The Mining Code regulates methods of geologic investigation, exploration, discovery, use and exploitation of mineral resources, as well as access and exercise of rights and duties thereof.

According to Minister of Geology, Mining and Industry, Joaquim David, the diploma, a legislative initiative of the Head of State, is intended to create a modern standard, easy management, attractive for private investment, corresponding economic greatness of the country and demands of national mining potential.

Protection of environment and local populations, increase of employment and collection of revenues are other benefits in the Mining Code.

AllAfrica – All the Time