Tongguan Kuangjian Won the Bid for the Cuia-Mavoio Copper Mine Project in Angola, with a Bid Amount of Approximately $230 Million

Published: May 29, 2026 00:47

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Tongguan Mine Construction announced that it recently received a bid-winning notification from Xingyao Icarus Limited, winning the bid for the mine construction and mining engineering of the Cuia-Mavoio copper mine in Uíge Province, Angola, with a contract value of approximately $230 million. The infrastructure construction period is 18 months, and the production period is 60 months. Regarding the project background, the Cuia-Mavoio copper mine is located in Uíge Province, Angola, approximately 300 kilometers from Luanda, and includes both open-pit and underground mining. According to information previously released by Angola's Secretary of State for Mineral Resources, the project has a total investment of $250 million, with $205 million in committed funding already secured, covering two exploration license areas (approximately 3,000 square kilometers and 7,000 square kilometers, respectively). Exploration began in 2010, with the first production phase targeting open-pit ore processing of 2,500 mt per day and a total mining capacity of 4,000 mt/day; the underground mine plans to commence in H2 2026.

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