On 26 May 2020, a Presidential Decree approved the new governance Model for the Mining sector which is aimed at:

(i) increasing the efficiency of the sector by reducing the States direct participation in the mining and activities

(ii) to optimize the role of private agents,

(iii) allowing for the concentration of strategic functions in the Ministry of Mineral Resources and

(iv) to promote transparency in the industry.

• It is envisaged that functions such as regulations certification and testing, quality control of mineral resources and inspection of mineral projections shall be ensured by a specialized body of the State’s indirect administration: the soon to be created National Agency for Mineral Resources.
• According to the new Governance Model for the mining Sector, the powers and attributions of the agents of the sector are redistributed in the following terms;
• The President of the Republic is the general supervisor of the implementation of the New Governance Model in the Mining Sector.
• The Ministry of Mineral Resources and Oil:
  • Formulates the policies and legislation;
  • Formulates the strategic vision
  • Ensures intersectoral articulation in the implementation of policies
  • Coordinates and supervises the activities
  • Promotes local content and value chain
  • Guarantees the rights of investors
  • Approves the multiannual and annual plans
• The Ministry of Finance:
  • Supervises and monitors the sector fiscal framework:
  • Audits and accounts (where applicable);
  • Collects taxes and other revenue of a fiscal nature resulting from the mining activity.
• The Geological Institute of Angola is responsible, inter alias, for the collection, conservation, management, promotion and provision of geological data.
• The National Mineral Resources Agency:
  • Plans, prepares and launches the mining concessions for the market;
  • Negotiates and manages the concession contracts, representing the interests of the Angolan State;
  • Monitors the implementation activities of the concession contracts;
  • Performs public certification and/or testing functions;
  • Monitors the quality and content of minerals in Angola.
• Endiama E.P. is no longer the national concessionaire and will focus on its role as a mining company.
• Sodiam E.P. maintains its current functions as the public diamond marketing entity and must ensure the implementation of the new diamond marketing policy and the trading operations on the Angolan Diamond Exchange.
• The Angolan Diamond Exchange is an entity to be created by Sodiam E.P. and Endiama E.P. to be responsible for promoting diamond transactions in the country.
• Kimberley Process National Committee is responsible for the legal certification procedures.

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