The Sociedade Mineira de Catoca emerged as the top winner in the “Mining Operator of the Year in the Diamond Industry” category at the inaugural Angola Mining Awards held in Luanda on Friday. The event, which aimed to recognize the standout players in the mining industry over the past year, celebrated various achievements across multiple sectors. Pedra Rubra won the “Marketing and Jewelry” category, while the “Cutting” category was claimed by the Kassinga Project in
Sonangol E.P. has implemented a series of key initiatives between 2019 and 2024 to address declining production, the impacts of the COVID-19 pandemic, and improve operational efficiency. Key milestones include the development of a strategy to mitigate production declines, restoring water injection systems, restarting production in Block 3/05A, and achieving a 30% production increase in Block 3/05 in 2023, equating to 6,000 barrels per day. According to a report seen by Jornal de Angola, by
Canadian mining company Lucara Diamond has announced its 2025 operational plan for the Karowe Mine in Botswana, with a focus on increasing production, advancing an underground expansion, and boosting revenue. The company aims to mine up to 2.2 million tons of ore in 2025 while implementing a $115 million underground mine expansion project. This initiative, slated for completion by 2028, is expected to extend the mine’s lifespan beyond 2040. Lucara also projects $225 million in
QatarEnergy has expanded its upstream portfolio in Namibia by acquiring a 27.5% working interest in Block 2813 under a new agreement with Harmattan Energy Limited (HEL), the operator of the block. Announced on Sunday, the agreement confirms HEL, an indirect subsidiary of Chevron Corporation, as the majority stakeholder with a 52.5% interest. The remaining partners, Trago Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR), each hold a 10% interest, according to QatarEnergy’s press
88 Energy Limited has uncovered 10 independent structural closures with significant hydrocarbon potential in Namibia’s Owambo Basin. This discovery follows an initial analysis of 2D seismic data within the southern region of Petroleum Exploration Licence 93 (PEL 93). The identified closures, characterized by large structural formations—some exceeding 100 km² in size with substantial vertical relief—show promising indications of hydrocarbon charge from nearby source rocks. Monitor Exploration Limited, the operator of PEL 93’s exploration program, recently
Sturdee Energy and the Frans Indongo Group have partnered to develop two solar power projects in Namibia, located in Mariental and Kokerboom, each with a 10 MW capacity, for a combined total of 20 MW. The initiative is backed by a USD 27.98 million investment, with RMB Namibia serving as the lead financial arranger. These projects aim to harness the region’s abundant solar potential using Tier 1 solar equipment and long-term power purchase agreements (PPAs)
The Dangote Refinery, Africa’s largest oil refinery, in partnership with Neptune Oil, has successfully exported Premium Motor Spirit (PMS) to Cameroon for the first time. This achievement marks a significant milestone in advancing regional energy integration and strengthening economic ties between Nigeria and Cameroon. This historic collaboration highlights the shared commitment of both companies to addressing the region’s growing energy demands. Speaking on the development, Alhaji Aliko Dangote, President and CEO of the Dangote Group,
Algeria’s state-owned oil company, Sonatrach, is set to restart exploration activities in Libya’s Ghadames Basin, specifically on plots 95 and 96, after a hiatus of nearly ten years. The decision follows a recent technical meeting between Sonatrach and Libya’s National Oil Corporation (NOC), during which seismic survey data was reviewed and the resource potential of the region reevaluated. As part of the renewed efforts, operations will soon resume on the A1-96/2 exploratory well, which has
Lucara Diamond Corp forecasts diamond sales of 400,000 to 420,000 carats in 2025, generating revenues between $195 million and $225 million. This outlook reflects steady progress at the company’s Karowe mine in Botswana, a world-class operation achieving significant milestones in 2023. CEO William Lamb highlighted these achievements in a December 4 operational guidance update, noting that production targets were surpassed. “Our strategic focus on the underground mining project has shown remarkable progress, with shaft depths
Endiama, Angola’s state-owned diamond company, has projected a production target of 15.1 million carats of diamonds for 2025, surpassing the 14.6 million carats forecasted for 2024. These projections were announced during the 10th Advisory Council meeting of the Ministry of Mineral Resources, Oil, and Gas, held under the theme: “Mineral Resources, Oil and Gas: Challenges and Solutions.” In the past year, Endiama focused on optimizing production processes and enhancing geological and mining research, especially in
