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Author: Makungu Coco

Expos & Events International News

Africa Energy Bank Expected to Launch in November 2026

Africa Energy Bank Set for November 2026 Launch to Boost Financing for African Energy Projects The Africa Energy Bank (AEB) is expected to launch in November 2026, marking a major step towards establishing a dedicated African financing institution for energy development. African Energy Chamber (AEC) Executive Chairman NJ Ayuk said the African Petroleum Producers’ Organization (APPO) and African Export-Import Bank (Afreximbank) are preparing to bring the institution into operation. Speaking in Luanda, Angola, Ayuk said

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Corporate News International Oil

TotalEnergies Takes Operatorship of Namibia’s Mopane Licence

TotalEnergies Secures 40% Operatorship of Namibia’s Mopane Discovery in PEL 83 TotalEnergies has completed its transaction with Galp Energia, formally acquiring a 40% operated interest in Petroleum Exploration Licence 83 (PEL 83) offshore Namibia, which contains the significant Mopane discovery. The transaction, first announced in December 2025, strengthens TotalEnergies’ position in Namibia’s Orange Basin and expands its role in the country’s rapidly developing offshore oil and gas sector. TotalEnergies Takes Operatorship Under the completed transaction,

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Corporate News Diamonds International

Gem Diamonds Returns to Profit as Letšeng Performance Improves

Gem Diamonds Revenue Rises 32% to $59.7 Million as Letšeng Diamond Prices Strengthen London-listed Gem Diamonds significantly improved its financial performance in the first half of 2026, supported by stronger diamond prices and improved product quality at its Letšeng mine in Lesotho. Revenue for the six months ended June 30 increased 32% to $59.7 million, compared with $45.4 million in the first half of 2025. The average diamond price rose to $1,395 per carat, from

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Local Mining News

Angola Strengthens Position as Destination for Australian Mining Investment

Angola Attracts Australian Mining Investors as Business Environment Improves Angola is positioning itself as an increasingly attractive destination for Australian private investment, particularly in the mining sector, as bilateral business ties gain momentum. Speaking at the first Australia/Angola Business Forum in Perth, Australian businessman Stephen Lee Wetherall, who has operated in Angola since 2014, described the country as a safe and recommendable destination for Australian investment in Africa. The forum was held alongside the Africa

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Local Corporate News Mining Projects

Longonjo Rare Earth Project Expands Potential with Dysprosium and Terbium Discovery

Angola’s Longonjo Rare Earth Project Adds Dysprosium and Terbium to Resource Potential Angola’s Longonjo rare earth project in Huambo Province has strengthened its strategic potential following the identification of dysprosium (Dy) and terbium (Tb), adding to the previously identified neodymium (Nd) and praseodymium (Pr). The discovery was announced following a visit by Mineral Resources, Petroleum and Gas Minister Diamantino Azevedo to the Ozango Minerais project, which is being developed by UK-based Pensana with participation from

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Expos & Events Local News

Angola Oil & Gas 2026 Set to Drive Investment, Energy Transition and Local Content

Angola Oil & Gas 2026 Brings Together 3,000+ Delegates from 40+ Countries to Discuss Energy and Investment Angola Oil & Gas (AOG) 2026 is set to bring together thousands of energy professionals, investors and industry leaders in Luanda as Angola positions its oil and gas sector for further investment, growth and diversification. The seventh edition of the conference and exhibition is expected to attract more than 3,000 delegates from over 40 countries, representing more than

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Local Mining Projects News

Tetelo Mine Accelerates Expansion with New Copper, Zinc and Lead Processing Plants

Angola’s Tetelo Mine Targets 14,000 Tonnes-Per-Day Processing Capacity with New Copper, Zinc and Lead Plants Angola’s Tetelo mine in Uíge Province is expanding its processing operations with two new plants as the operator seeks to increase production and diversify into copper, zinc and lead. The expansion, being undertaken by Shining Star Icarus, includes a 3,200-tonne-per-day copper processing plant at Mavoio-Cuia and a 3,000-tonne-per-day zinc and lead processing plant at Mueji. The new facilities form part

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Local Mining Projects News

Angola Set to Join Global Niobium Producers as Niobonga Project Nears Launch

Angola to Become Africa’s First Niobium Producer as $150 Million Niobonga Project Nears Production Angola is preparing to enter the global niobium market, with the country’s first niobium mining project nearing completion in Quilengues, Huíla Province. The Niobonga project, being developed at the Bonga and Tchivira Carbonatite Complex, is expected to position Angola as the third niobium-producing country in the world after Brazil and Canada, and the first in Africa. Minister of Mineral Resources, Petroleum

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Corporate News Local Oil

Sonangol Eyes Sustainable Aviation Fuel Production in Angola

Sonangol Eyes Sustainable Aviation Fuel Production in Angola as Bio-Refinery Plans Advance Angola’s national oil company, Sonangol, is evaluating the potential to produce Sustainable Aviation Fuel (SAF) domestically, following a scientific study that identified favourable conditions for developing a local SAF industry. The assessment was conducted by researchers from Sonangol’s Research and Development Centre (CPD) and Sonangol Refining and Petrochemicals (SNL R&P). The findings indicate that Angola could support SAF production through its availability of

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Local Economy News Oil

Angola Urges Oil Operators to Push Production Above One Million Barrels Per Day

Angola Targets Oil Production Above 1 Million Barrels Per Day as Government Calls for More Investment Angola’s government has called on oil companies operating in the country to increase crude oil production beyond one million barrels per day, as the country seeks to build on recent efforts to stabilise output and attract further investment into its petroleum sector. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo made the appeal in Luanda on Monday, 31

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