Out of all the countries in Africa, Angola seems to comprise one of the biggest and most varied mining resources, making it come as no surprise that mining brings this region valuable economic potential. In the past, Angola has furthermore been a major iron ore producer. Did you know that within Africa, Angola ranks 3rd biggest diamond producer and has merely explored 40% of the diamond-rich land within the region. Due to a lack of external investment for a variation of reasoning, Angola has not been able to explore and therefore discover its maximum potential. The government is attempting to entice external corporations to the provinces of Bié, Malanje and Uíge.
Over the past 20 years countless environmental rules and regulations have been legislated because of the danger mining has on ecosystems and biodiversity in many regions in the world. With the Congolean forest located in Angola, this region has been named as one of the most threatened hotspots in the world due to poor mining practices.
The price of diamonds is going down due to the large mines opening in Russia and China, and oil is not owned by the people, with uneven allocation of funds occurring between politicians and oil companies. Angola has large rivers and delta regions, which could be dammed to create electricity to export to neighbouring countries.
Angola is rich in so many additional mineral resources that have not been explored to maximum potential. Such minerals are as follows: