Angolan Mining Oil & Gas - Top Angolan News for Oil, Gas and Mining Industries

Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links

8, July, 20268, July, 2026

Angola’s Lobito Corridor Railway Project Reaches $753 Million Financial Close to Expand African Trade Connectivity The Lobito Corridor railway project in Angola has reached financial close after securing $753 million in funding, marking a major milestone for one of Africa’s most important regional transport infrastructure initiatives. The financing will support the rehabilitation, upgrade and long-term operation of the 1,300-kilometre railway corridor linking the Port of Lobito in Angola to the border with the Democratic Republic

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Local Corporate News Mining Projects

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

7, July, 20267, July, 2026

Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine

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Diamonds Corporate News International

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

7, July, 20267, July, 2026

De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of

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International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

7, July, 20267, July, 2026

Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port

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International News Renewable Energy

Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project

7, July, 20267, July, 2026

Egypt Awards $560 Million EPC Contract for 1GW Solar Project with Battery Storage Egypt has awarded a $560 million engineering, procurement and construction (EPC) contract for the West Minya Solar Power Project, one of the country’s largest renewable energy developments. The contract was awarded to Hassan Allam Construction and Sterling and Wilson Renewable Energy through their 50:50 joint venture. The project, located in Minya Governorate, will combine 1,000 megawatts (MW) of solar photovoltaic capacity with

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Local Economy Gas Oil

Angola’s Oil and Gas Dominate Economy with $27.7 Billion in Export Revenues in 2025

1, July, 20261, July, 2026

Angola’s Oil and Gas Exports Reach $27.7 Billion in 2025 as Production Exceeds One Million Barrels Per Day and China Leads Purchases Angola’s economy continued to be heavily driven by its oil and gas sector in 2025, which generated the vast majority of export earnings, according to data from the Ministry of Mineral Resources, Oil and Gas. Crude oil remained the country’s dominant export commodity, earning approximately US$24.5 billion over the year. Natural gas contributed

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Corporate News Diamonds Economy

Sodiam Raises $21.7 Million at Luanda Diamond Auction, Exceeding Expectations

1, July, 20261, July, 2026

Angola’s Sodiam Earns $21.7 Million from Diamond Auction as Sales Surpass Expectations by 23% Angola’s National Diamond Trading Company (Sodiam) generated US$21.7 million from the sale of 35 special rough diamonds at an auction held in Luanda, exceeding the expected value by 23%, according to a company statement. The auction featured 35 exceptional diamonds produced by the mining companies Luele, Catoca, Mussende, Lulo, Calonda, Cuilo, Kwenda, Kaixepa, Cuango, Somiluana and Mucuanza. Also included in the

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Corporate News Local Mining Projects

Anglo American Advances Copper Exploration in Angola’s Moxico Leste Province

1, July, 20261, July, 2026

Anglo American Presents Copper Prospecting Project in Angola’s Cazombo Salient Amid Regional Copper Belt Expansion Anglo American has presented a copper prospecting project in Angola’s Cazombo Salient, highlighting new opportunities for the country’s mining sector. The presentation took place on Tuesday in the commune of Calunda, in the municipality of Muconda, Moxico Leste province, and was disclosed by the Ministry of Mineral Resources, Petroleum and Gas in a statement. According to the ministry, Anglo American

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International Corporate News Gas

Dana Gas Reports Major Egypt Gas Discovery as Outstanding Payments Are Fully Settled

30, June, 202630, June, 2026

Dana Gas Boosts Egypt Investment Following Gas Discovery and Settlement of Receivables Dana Gas has announced strong operational and financial progress in Egypt after receiving US$21.5 million in additional payments, bringing all outstanding receivables owed by the Egyptian government to a full settlement. The company said the improved payment discipline, a more supportive fiscal framework, and closer collaboration with Egyptian authorities have strengthened its confidence to expand investment in the country. Egypt is seeking to

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International Corporate News Oil

Tower Resources Secures Regulatory Approval for PEL96 Farm-Out Deal in Namibia

30, June, 202630, June, 2026

Namibia Approves Tower Resources Farm-Out of Offshore PEL96 License to Prime Global Energies Tower Resources has received formal approval from Namibia’s Ministry of Industries, Mines and Energy (MIME) for the farm-out of its offshore PEL96 exploration license to Prime Global Energies Limited. The approval removes the final outstanding condition under the farm-out agreement announced in January, clearing the way for the transaction to proceed to completion. Tower Resources will now issue a completion notice to

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