Huíla: Poland to Invest in Mining Industry

Published: 22 October 2004 y., Friday
The ambassador of Poland to Angola, Evegen Resevusk, said Monday in Lubango, southern Huila province, his country will invest soon in the local mining industry. Speaking after an audience granted to him by the provincial governor, Ramos da Cruz, the diplomat said the investments will focus mainly on the exploration of ornamental rocks and iron ore. He said the cooperation will benefit both countries as, he added, Poland is a country with a long tradition in mining industry activity. Evegen Resevusk who would not say how much his country will invest, stated that negotiations for prospecting will start this year. Huila province has a huge mining potential, mainly for the production of ornamental rocks. As to iron ore, the Kassinga mine, located in the district of Jamba, has been out of operation for the last 25 years. Ambassador Evegen Resevusk is closing today his 48-hour visit to Huila.
Šaltinis: Angola Press Agency (Luanda)
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Gold Driller Top Certified for Bulgarian Investments

Canadian gold driller and miner Dundee Precious Metals Inc. received Monday first-class investment certificate from Bulgarian government more »

Czech company purchases 3rd portion of Baku-Supsa oil

The Unipetrol Refinery company of the Czech Republic has purchased this year's third portion of Azeri Light profit oil to be exported by the State Oil Company (SOCAR) more »

Opec expresses concern about rising oil prices

Seeking to cool market sentiment, the head of Opec on Sunday said the organisation is concerned about stubbornly high prices that defy what he described as a well-supplied market and adequate crude stocks worldwide more »

Direct access, remote control

On February 17 the German bank Dresdner Bank AG became the first remote member of the Warsaw Stock Exchange more »

Morocco, Poland to strengthen economic relations

Polish businessmen convened, in Cassablanca Wednesday, with members of the Casablanca Chamber of Commerce, Industry and Services to discuss means to reinforce bilateral trade cooperation more »

Banks seen unlikely to repeat stellar performance of 2004

Hungary’s banks posted record profits in 2004, driven mainly by a surge in lending to households more »

Bulgaria's HVB Biochim, Hebros Bank Merge

Bank Austria Creditanstalt (BA-CA) has acquired a 89.92% stake and HVB Biochim Bank - a 9.99% of stake in Bulgaria's Hebros Bank more »

A memorandum on cooperation

Russia and Kazakhstan sign cooperation memo more »

EBRD hopes loans will aid Ukraine

The European Bank for Reconstruction and Development is planning a raft of new investments in Ukraine to underpin the country's democratic transformation under President Viktor Yushchenko more »

Geneva motor show reflects lack of drive in Europe

Peugeot Citroën, the French cars group, is planning to turn its back on western Europe and concentrate all its investment in new plant in eastern Europe more »