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International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

31, May, 202531, May, 2025

Burkina Faso is on track to increase industrial gold production in 2025, driven by the ramp-up of operations at Soleil Resources International’s Youga mine and the anticipated launch of West African Resources’ Kiaka project. According to Aristide Belemsobgo, Director General of Mines and Geology at the Ministry of Energy, Mines and Quarries, output from large-scale mining operations is projected to rise by 4% to 55.7 tonnes this year. Gold remains Burkina Faso’s top export earner,

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Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

31, May, 202531, May, 2025

Botswana Power Corporation (BPC) and Debswana Diamond Company have signed a Memorandum of Agreement (MoA) to collaborate on the use of Renewable Energy Certificates (RECs)—a move that supports Botswana’s push toward a more sustainable energy future. Debswana, jointly owned by the Government of Botswana and De Beers Group, operates four diamond mines across the country: Orapa, Letlhakane, Damtshaa, and Jwaneng. This partnership will enable Debswana to access and demonstrate its use of renewable electricity, sourced

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Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

31, May, 202531, May, 2025

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional shareholder M&G Investment Management, and an additional £1-million from other strategic investors. This new investment follows a recent $25-million injection by the Angolan sovereign wealth fund, Fundo Soberano de Angola, into Ozango Minerais, Pensana’s 84%-owned subsidiary. The funding has enabled the commencement of main construction works at the Longonjo rare earths project in Angola. Pensana holds an 84% interest in

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International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

31, May, 202531, May, 2025

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the United States over a ten-year period, aiming to enhance trade relations and support its energy transition. The proposal was detailed in a ministerial statement signed by Minister in the Presidency, Khumbudzo Ntshavheni, and published on the South African government news agency website. According to the statement, South Africa plans to import between 75 and 100 petajoules (PJ)—equivalent to approximately 75

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International News Oil

South Africa’s Fuel Crisis Deepens as Refining Capacity Halved

30, May, 202530, May, 2025

Nearly half of South Africa’s oil refining capacity remains idle, reflecting a sharp decline over the past five years due to a combination of plant accidents and chronic underinvestment. This has forced the country to rely on imports for more than 60% of its fuel needs, according to state-owned logistics firm Transnet SOC Ltd. In the first quarter of 2025 alone, South Africa imported 4.2 million tons of refined petroleum products, with annual imports projected

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Local News Oil

Third Fatality Confirmed Following Cabinda Oil Platform Accident

30, May, 202530, May, 2025

Authorities have confirmed a third fatality resulting from the oil platform accident that occurred on May 20th off the coast of Cabinda. The latest victim, one of the 17 individuals injured in the incident, passed away in South Africa, where four of the injured were transferred for specialized medical care. This marks the second death recorded in South Africa linked to the accident. In addition, a worker who had previously been reported missing was found

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International Energy

Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo

30, May, 202530, May, 2025

The Republic of Congo has secured funding from the African Development Bank (AfDB) to carry out feasibility studies for potential hydropower projects at Mbandza Ndounga and Linzolo. The support is provided through the Middle-Income Country Technical Assistance Fund, managed by the AfDB. The Mbandza Ndounga site, located in the southern region of the country, has been prioritized for immediate study. Meanwhile, the Linzolo site—about 20 kilometers south of Brazzaville—is included on a conditional basis. The

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Corporate News International Oil

Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana

30, May, 202530, May, 2025

Italian oil major Eni, global energy trading firm Vitol, and Ghana’s state-owned Ghana National Petroleum Corporation (GNPC) have launched drilling operations for the Sankofa East 1X Side Track 2 well, located offshore Ghana. This new phase is part of efforts to sustain output from the Sankofa field and strengthen Ghana’s domestic energy supply. Drilling is underway near the John Agyekum Kufuor FPSO and forms part of the ongoing development of the Offshore Cape Three Points

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Local News Oil

Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development

28, May, 202528, May, 2025

Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has signed a Risk Service Contract for Block CON 4 with a consortium made up of Etu Energias, national oil company Sonangol, and Gesprocon. The agreement grants the consortium a 25-year operating license—comprising five years for exploration and 20 years for production—on the onshore block. Paulino Jerónimo, Chairman of the ANPG Board of Directors, highlighted the importance of the technical studies outlined in the contract, stating

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International Corporate News Oil

TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project

28, May, 202528, May, 2025

TotalEnergies is preparing to seek approval from the Mozambican government to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to a report by Reuters. The project, which has been on hold since 2021 due to insurgent violence in the Cabo Delgado region, includes the development of the Golfinho and Atum gas fields in Offshore Area 1, along with the construction of a

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