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Author: Makungu Coco

International Mining Renewable Energy

Ghana Greenlights Minerals Policy to Enhance Beneficiation

The Ghanaian government has approved the country’s Green Minerals Policy in an effort to maximize value created from critical mineral resources. Aimed at stimulating the development of the local mineral value chain, the policy comprises regulatory guidelines and fiscal terms for critical mineral activities across the country. Specific clauses in the policy document include a national ban on the export of unprocessed minerals. Ghana’s Minister of Lands and Natural Resources Samuel Jinapor explained that the country “is

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Diamonds International Mining

Diamond sales at Debswana slump 17% on weak demand

The sale of rough diamonds at Botswana’s Debswana Diamond Co fell 17% in the first six months of the year, data released by the central bank showed, amid a weak market underpinned by global macroeconomic uncertainty. Debswana, a joint venture of Botswana and Anglo American Plc’s unit De Beers, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co. Botswana and De Beers in late June agreed

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Local Mining News

Angola wants great lakes minerals to benefit region

Angola said the mineral resources from the Great Lakes Region (ICGLR) should contribute to the well-being of the populations and the growth of the economies of the region-based countries. Angola’s stance was expressed by the Secretary of State for Mineral Resources Jánio Correia Victor on Tuesday at the 26th Meeting of the Regional Committee of the International Conference on the Great Lakes Region (ICGLR). Speaking under the topic: fight against the illegal exploitation of Natural

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Diamonds Environment Social Governance (ESG) Local

IFC funds Angola Endiama clinic with US$72M

The International Finance Corporation (IFC), last week in the Province of Luanda guaranteed 72 million US dollars to support the construction and expansion of the Sagrada Esperança Clinic (CSE), run by the Endiama group. To formalise this fund, CSE and IFC (a member of the World Bank) finalised a financing agreement, which was signed by the clinic’s chairman, Rui Pinto, and IFC vice-president, Sérgio Pimenta, who made a two-day visit to Angola. At that time,

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Diamonds Economy Local News

De Beers sees great geological potential in Angola concession sites

De Beers says that early data indicate that their two concession sites in the Angolan provinces of Lunda Norte and Lunda Sul have great geological potential. Group spokesperson David Johnson told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are looking forward to commencing fieldwork to investigate this further through their joint venture partnership with the state-owned Endiama. Fieldwork will primarily focus in airborne surveys while also preparing for the discovery drilling process. Johnson

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Diamonds Economy News

Global diamond industry recovers amid uncertainties

After a continued strong recovery in global consumer demand for diamond jewelry during the end of the 2021 financial year, 2022 started with healthy demand, with stock conditions improving across all segments, with polished stones rising due to the good business environment. The De Beers Group report for the 2022 financial year points out that the World Diamond sector has known, in the last two years, remarkable production levels, taking into account the increased demand

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International News Petroleum

Kenya Takes Shape as East Africa’s Petroleum Hub with Major Asset Acquisition

Kenya is boosting its advantage over Tanzania in its bid to provide petroleum products in the East African region, with the nation’s cabinet this week approving the Kenya Pipeline Company’s (KPC) acquisition of assets from the bankrupt Kenya Petroleum Refineries Ltd (KPRL). KPC is taking over KPRL’s 45 storage tanks, which have a capacity of 484 million liters, 254 million of which are designated for refined goods and the remaining 233 million liters for crude

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Gas International News Oil Petroleum

Nigerians Express Mixed Reactions to Dangote’s Decision to Employ 11,000 Indians

Reports of Dangote refinery employing 11,000 Indians are currently trending on social media with many Nigerians expressing their frustration about the matter. According to a recent report by the Punch Newspaper, a Nigerian news agency, Dangote Refinery is said to have employed 11,000 Indians. Considering the rate of unemployment in the West African country, some Nigerians are outraged that Dangote has instead chosen to hire Indians. However, according to the report by Punch, this decision has been

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International News Petroleum

TotalEnergies begins controversial drilling in Uganda despite environmental protests

Despite massive pressure from a number of rights and environmental organizations, TotalEnergies said last week that it has begun digging oil wells in Uganda. The Chinese National Offshore Oil Corporation (CNOOC) and TotalEnergies agreed to a $10 billion deal last year to develop Ugandan oilfields and transport the petroleum to Tanga, a port on Tanzania’s Indian Ocean, through a 1,445-kilometer pipeline. “Drilling began in July to start production in 2025”, TotalEnergies said. In Kampala, however, the

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Diamonds Economy Energy Local News

Angola and Botswana to Explore New Areas of Cooperation

Angola and Botswana are looking at strengthening bilateral relations while exploring new areas of cooperation to support economic growth. The respective Presidencies announced plans to formalize the signing of outstanding memoranda of understandings while inking new agreements in the fields of trade, air services and energy. Angolan President João Lourenço and his Botswanan counterpart Mokgweetsi Masisi agreed to work together to sign the Double Taxation Avoidance Agreement; Bilateral Air Services Agreement; Mutual Legal Assistance Agreement;

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