Angola to Open First Gold Refinery as Part of Economic Diversification Drive
11:43 09.04.2026 (Updated: 11:47 09.04.2026)
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Angola to Open First Gold Refinery as Part of Economic Diversification Drive
According to local media, the refinery is
Located: in Viana, Luanda
Launch: First half of 2026
Capacity: processing ~20 kg of gold per day
The move is part of Africa's wider push to process minerals locally—boosting revenue, jobs, and resilience. Angola, long reliant on oil and diamonds, is especially vulnerable to price swings, making this shift crucial.
ℹMining contributes ~2% to GDP, while extractive industries overall account for over 30% and support 50,000+ jobs. The new refinery aims to strengthen Angola's role in Africa's mineral value chain.
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According to local media, the refinery is
Located: in Viana, Luanda
Launch: First half of 2026
Capacity: processing ~20 kg of gold per day
The move is part of Africa's wider push to process minerals locally—boosting revenue, jobs, and resilience. Angola, long reliant on oil and diamonds, is especially vulnerable to price swings, making this shift crucial.
ℹMining contributes ~2% to GDP, while extractive industries overall account for over 30% and support 50,000+ jobs. The new refinery aims to strengthen Angola's role in Africa's mineral value chain.
Subscribe to @sputnik_africa
Sputnik Africa | X
