Lucara Diamond Corp. has recovered a 692.3-carat diamond from its Karowe mine in Botswana, the second massive rough from the deposit this month. The white, type IIa stone came from the EM/PK(S) unit in the south lobe, known for its large, high-quality rough, Lucara said on Monday 21st of August. The miner found the diamond via its XRT unit, which uses X-ray technology to identify huge stones in large pieces of ore before they get broken up.
Prices of petrol and diesel are likely to increase averagely by about 5.7% over the current mean price of ¢12.45 per litre, for the next two weeks. The price of Liquefied Petroleum Gas is also expected to go up by about 11.9%. According to the Chamber of Petroleum Consumers (COPEC), the expected increase is due to the 11.00% rise in prices of finished products on the international market and the about 6.79% surge in the
The company Nacala Logistics, which operates the northern Mozambican port of Nacala and the rail corridors from the port, has just started sending liquid fuels from Nacala to Malawi, by rail. The first operation, as reported in the latest issue of the Maputo daily “Notícias”, consists of 29 tanker wagons containing 1.1 million litres of diesel. Previously, fuel was supplied to Malawi by road from the central Mozambican port of Beira, and the Tanzanian city
Green hydrogen development company Hyphen Hydrogen Energy has signed a Memorandum of Understanding (MoU) with import-export company Itochu Corporation to explore areas for potential collaboration on sub-Saharan Africa’s first fully vertically integrated green hydrogen project in Namibia. The agreement was signed on 8 August by Hyphen Hydrogen Energy CEO, Marco Raffinetti, and CEO of the Africa Bloc at Itochu Corporation, Shinya Ishizuka. The signing ceremony was witnessed by Japan’s Minister of Economy, Trade and Industry,
Sonangol continues to lead the ranking of the largest companies in the Public Business Sector (SEP), representing 57 percent of total aggregate assets in 2022, of 26.9 billion kwanzas. The ranking considers the balance sheets of 71 companies in the public sector that provided accounts within the time period determined by the Institute for the Management of Assets and State Participations (IGAPE). According to the data, Sonangol’s assets reached 15.4 billion kwanzas, followed by far by
The Mozambican government last week defended the resumption of the natural gas production project by the consortium led by French multinational TotalEnergies “as soon as possible”, pointing out that “the security conditions are in place”. “”There are very clear signs that the security conditions are in place,” said the Minister of Mineral Resources and Energy, Carlos Zacarias, speaking to journalists on the sidelines of the Ministry’s eighth coordinating council, which took place in the city of
The Mozambican authorities are finalizing negotiations with the two consortia that won the sixth international tender for hydrocarbon exploration and production, but the contracts have yet to be approved and signed, the government said on last week. “The negotiations are almost over and, at the latest, by the end of this year, the contracts will be presented to the government, so that it can approve them, so that operations can begin,” said the Minister of
From 2023 to 2027, Nigeria, Algeria, and Egypt are anticipated to control the African natural gas and liquefied natural gas (LNG) supply market, as the use of fossil fuel becomes unpopular globally. Data from the African Energy Chamber’s August 2023 State of African Energy report support this. The analysis estimates that Africa’s natural gas supply will be at 25.5 billion cubic feet per day (Bcf/d) in 2023, an increase of 1% from 2022. Meanwhile, long-term
Diamonds, the coveted gems that have captivated human imagination for centuries, have been central to Angola’s economic and social fabric. Nestled on the southwestern coast of Africa, Angola has emerged as one of the world’s leading diamond producers. This article delves into the intricate world of diamond mining in Angola, highlighting its historical significance, economic impact, environmental concerns, and efforts towards sustainable practices. Historical Significance Angola’s diamond mining history dates back to the late 19th
Diamonds, the dazzling gemstones that have captured human fascination for centuries, are born from the depths of the Earth in a process that spans millions of years. These precious gems hold within them the secrets of immense pressure, heat, and time, resulting in their unparalleled brilliance and enduring allure. The Geological Crucible: Diamonds begin their journey deep within the Earth’s mantle, approximately 90 to 120 miles below the surface. Here, extreme temperatures reach thousands of
