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Category: Corporate News

Corporate News International Oil

TotalEnergies Denies Involvement in Alleged LNG Site Civilian Killings in Mozambique

TotalEnergies Rejects War Crimes Allegations Amid Mozambique LNG Project Restart TotalEnergies CEO Patrick Pouyanne has strongly rejected accusations that the French energy company bears responsibility for the alleged killing of civilians at its liquefied natural gas (LNG) project site in Mozambique four years ago. The European Center for Constitutional and Human Rights (ECCHR) stated Tuesday that the company “is accused of having directly financed and materially supported” a Mozambican armed unit that allegedly detained, tortured,

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International Corporate News Gas Oil

Mozambique Reinstates LNG Force Majeure, Blocks TotalEnergies’ Extension Bid

Mozambique Restores LNG Force Majeure Period, TotalEnergies Concession Extension Rejected The Mozambican Government has decided to reinstate the four-and-a-half-year suspension period during which the LNG megaproject in Cabo Delgado was under force majeure, rejecting TotalEnergies’ proposal for a ten-year extension of the concession to offset losses incurred during the halt. A source close to the process told Lusa that the resolution, approved at Tuesday’s Council of Ministers meeting, “in line with applicable regulations, reinstates the

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Corporate News Diamonds International

Provisional Liquidation Casts Uncertainty Over Namibia’s Elizabeth Bay Diamond Mine

Elizabeth Bay Mine Faces Uncertain Future as Sperrgebiet Diamond Mining Placed in Provisional Liquidation The Elizabeth Bay Mine in Namibia faces renewed uncertainty after the High Court ordered the provisional winding-up of its operator, Sperrgebiet Diamond Mining (Pty) Ltd, following an application by Lewcor Holdings (Pty) Ltd. Lewcor argued that the company is financially distressed and at risk of dissipating assets, prompting the court to freeze operations and place the mine under judicial oversight. High

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Corporate News Diamonds Local

SODIAM Reports Strong Revenue Growth and Increased Diamond Sales in 2025

Angola’s SODIAM Posts $1.4 Billion in Revenue and Major Sales Growth Between January and October The National Diamond Trading Company of Angola (SODIAM) recorded total gross revenue of $1.4 billion between January and October of this year, reflecting an increase of $338.5 million compared to the same period in 2024. A company statement notes that these results demonstrate the robustness of SODIAM’s commercial strategy. During the same period, the company reached a sales volume of

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Corporate News Diamonds Local

Sociedade Mineira do Luele Strengthens Diamond Value Chain with Itraceit Traceability System

Luele Mining Adopts Advanced Itraceit System to Boost Diamond Transparency, Compliance, and Ethical Sourcing Sociedade Mineira do Luele has announced the integration of Itraceit, a state-of-the-art technological traceability system designed to enhance transparency, control, and regulatory compliance throughout the company’s diamond value chain. According to the company, adopting the Itraceit platform marks a significant milestone in its technological modernization efforts. The system supports Luele’s ongoing commitment to continuous improvement, operational efficiency, and strict compliance with

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Corporate News Diamonds Local

Endiama Reinforces Commitment to Transparency at Kimberley Process Meeting in the UAE

Endiama Strengthens Angola’s Diamond Sector at Kimberley Process Meeting 2025 in the UAE Endiama is actively participating in the 2025 Kimberley Process Meeting, taking place from November 17–21 in the United Arab Emirates, where the company is reinforcing Angola’s commitment to modernizing Kimberley Process (KP) certification and improving global mechanisms for diamond sector credibility, transparency, and responsible governance. The Angolan delegation includes Endiama Executive Administrator Domingos Margarida and Neide Fastudo, Head of Communication and Institutional

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Corporate News Oil

ExxonMobil to Extend Block 15 Operations in Angola with $3 Billion Investment

Angola’s Block 15 Secures $3 Billion ExxonMobil Investment to Boost Oil Production Through 2037 ExxonMobil will invest three billion dollars to extend the operational lifespan of Block 15 in Angola, following the signing of a new agreement with the National Agency of Petroleum, Gas and Biofuels (ANPG). The deal was formalized on November 13th in Luanda, during a ceremony led by the Minister of Mineral Resources, Petroleum and Gas. According to the Ministry’s statement, the

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Diamonds Corporate News International

WDC Urges Kimberley Process to Adopt Modern Conflict Diamond Definition at 2025 Plenary

Kimberley Process Faces Crucial Vote as WDC Calls for Expanded Conflict Diamond Definition in 2025 World Diamond Council (WDC) president Feriel Zerouki opened the 2025 Kimberley Process (KP) plenary with a strong appeal for member states to endorse a modernised and expanded definition of conflict diamonds, marking a potentially historic shift for the global certification scheme. Zerouki emphasised that the proposal is the result of three years of drafting, negotiation and consensus-building led jointly by

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Corporate News International Oil

Aliko Dangote Plans 2,000 km Fuel Pipeline from Namibia to Zimbabwe

Dangote Group to Build Namibia–Zimbabwe Fuel Pipeline Following $1 Billion Investment Deal Nigerian billionaire Aliko Dangote has announced plans to construct a 2,000-kilometre fuel pipeline running from Walvis Bay in Namibia, through Botswana, to Bulawayo in Zimbabwe. Dangote revealed the plan to Zimbabwean media after signing a US$1 billion investment agreement with the Zimbabwean government in Harare on Wednesday. The deal was finalised during a meeting with President Emmerson Mnangagwa. “I have signed an agreement

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Corporate News International Oil

Rhino Resources Extends Offshore Drilling Campaign in Namibia with Additional Well Test

Rhino Resources Expands Namibia Offshore Program, Targets First Oil by 2030 Rhino Resources has extended its offshore drilling campaign in Namibia after amending its contract with Northern Ocean Ltd (NOL) to include an additional firm well test on the Deepsea Mira rig. The contract amendment adds 28 days to the firm term and will be executed before the three optional wells already scheduled under the existing agreement. The Deepsea Mira, owned by Northern Ocean and

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