Australian mining company Paladin Energy has resumed production at the Langer Heinrich Uranium mine in Namibia. First ore has been fed into the mine’s processing plant, with the full restart of operations 93% complete. The company aims to achieve commercial production by the end of Q1 2024. The project is supported by $150 million in debt funding secured by Paladin Energy from financial institutions Nedbank and Macquarie Bank. The $150 million syndicated debt facility will
Construction engineering company, Mecwide, has completed construction of a gas reception and distribution unit for the Falcão 2 Project in Zaire Province, Angola. With a price-tag of $46 million, the unit will handle approximately 50 million cubic feet of gas per day. Announced on 23 January, the gas reception and distribution unit serves as Mecwide’s largest project in Angola. Development activities for the project included detailed engineering, procurement of piping and equipment, pre-fabrication and assembly,
On the 17th of January, 2024 the English-Australian mining giant, Rio Tinto signed a mining investment contract with the Angolan Ministry of Mineral Resources, Oil and Gas in Luanda. The $5.7 million USD deal will grant Rio Tinto a 35-year exploratory license for the Moxico Concession. According to the company’s website, the exploration will primarily be seeking base metals such as copper, zinc, cobalt and titanium. The contract calls for an initial 5 years of
Diamond exploration and project development company, Botswana Diamonds, has completed a geological survey over four high-grade geophysical targets in the southern African country. Preliminary results suggest that at least one of the targets give a strong indication of kimberlites. Situated approximately 6km from the existing KX36 diamond discovery, the gravity survey will be repeated and correlated with previous results before the company commences exploratory drilling operations. “This is the first strong indication of additional kimberlites
Nigerian oil company the Nigerian National Petroleum Corporation (NNPC) has launched a tender inviting private operators to operate and maintain the West African country’s Port Harcourt oil refinery. The tender aims to engage operations and maintenance companies that will ensure reliability and sustainability at the refinery to meet Nigeria’s fuel supply needs while ensuring energy security. The scope of the contract will cover various refinery business processes, including optimization of operations, maintenance, health and safety,
Another three billion dollars in debt financing is required for the financial close of the five-billion-dollar East African Crude Oil Pipeline (EACOP), according to TotalEnergies’ shareholders meeting records for 2023. Designed to transport crude oil from Lake Albert in Uganda to the Port of Tanga on the Tanzanian coast, the 1,443-km megaproject is currently in its Engineering, Procurement and Construction phase and is estimated to be at least six months away from a Final Investment
South Africa’s Department of Mineral Resources and Energy has published a Gas Amendment Bill to bring legislation in line with more recent government policies and developments in the country’s gas sector. The amendment bill, which has been made available for public comment, is expected to expand South Africa’s gas industry by addressing sustainability and competitive trade, while facilitating integrated energy projects as part of the sector’s development goals. The document establishes new regulations aimed at
Angola’s crude oil production was steady throughout 2023, with output averaging 1.098 million barrels per day (bpd). According to the country’s national regulator, the National Oil, Gas and Biofuels Agency (ANPG), output during the period January 2023 to December 2023 equated to 400.72 million bpd, making the country the third largest producer in Africa. While production marginally declined from 2022 levels of 1.16 million bpd, December 2023 showed a slight increase in output, with production
Mutapa Mining and Processing (MMP), a consortium of Mozambicans and British that has for 18 months been operating three mines in the district of Manica, in the province of the same name, intends from this February to process and export between 35 and 40 kilograms of gold monthly. The projection is the result of prospecting carried out over the last 18 months by the consortium which, in a first phase, invested in the equipment and
The companies and consortiums qualified to operate in the oil blocks of the Lower Congo and Kwanza Onshore Basins are already known from this fiscal year onwards. According to a statement released yesterday Jan 22nd by the National Petroleum, Gas and Biofuels Agency (ANPG), the public tender for the Lower Congo and Kwanza Onshore Basins, open last year to national or foreign entities, resulted in the qualification of companies and constitution of contractor groups. According
