Four major gold-mining projects are expected to get under way in Angola by the end of this year.
Chipindo, the most advanced venture, underwent test operations in March, Macauhub reports. With an estimated lifespan of seven years and set to produce 53 600 ounces of gold in the first half of 2019, it is expected to create 70 direct jobs.
The Buco-Zau undertaking, which has a projected lifespan of 57 years, and the Lufo project, set to last for 33 years, are both in Cabinda province and both expected to produce 3 858 ounces annually. They will start operating in the second half of the year, as will the fourth project, Tiandai in Bengo province, which holds reserves of around 1.5 million tons.
