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Angola Sees 2017 Gold-Output Start in Plan to Cut Oil Reliance

Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said.

About $600 million has been invested in exploration for the metal at Mpopo in the southern Huila province, Queiroz said an in interview yesterday in the capital, Luanda. Development is also taking place at Chipindo in the northern exclave of Cabinda, he said. Both projects are public-private partnerships, Queiroz said, without naming the companies.