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Category: Corporate News

Corporate News Gold International

Montage Gold Surpasses 2024 Drilling Totals, Accelerates Resource Growth at Koné Project

Montage Gold Expands Côte d’Ivoire Drilling, Adds 404,000 oz to High-Grade Resources in Under a Year Montage Gold has ramped up exploration efforts at its flagship Koné gold project in Côte d’Ivoire, achieving significant milestones just halfway through 2025. The Canadian-listed company has already surpassed its total drilling output from 2024, signaling robust progress toward its near-term production and resource expansion goals. As of mid-year, Montage has completed 83,280 metres of drilling—exceeding last year’s total

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Corporate News Gold International

Mali Court Denies Barrick Mining’s Appeal to Release Detained Employees Amid Ongoing Dispute

Mali Rejects Barrick Gold’s Appeal Over Employee Arrests as Mining Dispute Deepens A court in Mali on Tuesday rejected an appeal by Barrick Gold Corporation to release four local employees who were arrested in November 2024, according to Judge Samba Sarr. This ruling marks the latest development in a prolonged standoff between the Canadian mining giant and Mali’s military-led government over taxes and mine ownership. Barrick, which has consistently dismissed the allegations as baseless, filed

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Corporate News Diamonds Local

Catoca Mining Society Honored in UK for Excellence in Social Responsibility

Catoca Mining Society Wins Africa Social Responsibility Award at British Parliament The Catoca Mining Society, Angola’s largest diamond mining company, has been honored with the Corporate Social Responsibility and Community Development Award in Africa, presented by African Leadership Magazine at a ceremony held at the British Parliament in London on July 10. Located in Lunda Sul province, Catoca is responsible for over 60 percent of Angola’s total diamond production. The award recognizes the company’s ongoing

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Corporate News Gas International

Mozambique Nears Deal with TotalEnergies to Restart $20 Billion LNG Project

Mozambique Close to Agreement with TotalEnergies to Resume $20B LNG Project Halted by Insurgency Mozambican President Daniel Chapo says negotiations with TotalEnergies SE to restart a long-stalled $20 billion liquefied natural gas (LNG) project are nearing conclusion, raising hopes for a major economic boost in one of the world’s poorest nations. In a July 19 interview, Chapo confirmed that he recently met with TotalEnergies CEO Patrick Pouyanné to discuss the resumption of the Mozambique LNG

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Corporate News Diamonds

Botswana Pushes Back on Anglo American Over De Beers Sale Amid Transparency Concerns

Botswana Challenges Anglo American’s De Beers Sale Over Lack of Consultation Botswana has expressed strong dissatisfaction with Anglo American’s handling of the potential sale of its stake in De Beers, citing a lack of proper consultation, according to sources familiar with the matter. Anglo American is offloading De Beers as part of a broader restructuring strategy announced by CEO Duncan Wanblad, following the company’s successful defense against a takeover attempt by BHP Group last year.

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Corporate News Gas International

Aliko Dangote Plans to Reduce Cooking Gas Prices in Nigeria by Bypassing Distributors

Aliko Dangote Vows to Cut Cooking Gas Prices, May Sell LPG Directly to Nigerians Aliko Dangote, President of the Dangote Group, has unveiled plans to reduce the cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, across Nigeria. He warned that if distributors continue to inflate prices, his company will begin selling directly to consumers. Dangote made this announcement during a recent tour of the Dangote Refinery in Lekki, Lagos, attended by both

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International Corporate News Oil Petroleum

Aiteo Signs Landmark Deal to Build 240,000 bpd Refinery in Mozambique

Aiteo to Build $240K bpd Refinery in Mozambique, Boosting Fuel Supply and Regional Energy Trade Aiteo, one of Africa’s leading energy companies, has signed a landmark engineering, procurement, and construction (EPC) agreement to develop a 240,000 barrels-per-day (bpd) oil refinery in Mozambique. The project is set to dramatically increase domestic fuel production, reduce reliance on imports, and position Mozambique as a key energy hub in Southern Africa. The announcement was made during a signing ceremony

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Corporate News International Oil

Dangote Warns Against Africa Becoming a Dumping Ground for Substandard Fuel

Dangote Urges Africa to End Fuel Imports and Boost Local Refining Capacity Aliko Dangote, President of Dangote Industries Limited, has voiced serious concerns over Africa’s growing dependence on imported fuel, warning that the continent risks becoming a dumping ground for substandard petroleum products. Speaking about the motivation behind the $20 billion Dangote Refinery, Dangote said the project was driven by a commitment to help Nigeria achieve energy self-sufficiency and to inspire similar industrial development across

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International Corporate News Oil

Kenya Extends Deadline for Lokichar Oil Project as Gulf Energy Prepares New Development Plan

Kenya Pushes Oil Production Timeline to 2025 as Gulf Energy Revises Lokichar Field Development Plan Kenya’s ambition to become a commercial oil producer has taken a new turn, as the Energy and Petroleum Regulatory Authority (EPRA) has granted Tullow Oil and Gulf Energy an extension to submit their revised Field Development Plan (FDP). This critical document will shape how crude oil from the Lokichar Basin is extracted, transported, and marketed. The extension, now running through

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Corporate News International

Mozambique Clears Path for TotalEnergies to Restart $20 Billion LNG Project

Mozambique Restores Conditions for TotalEnergies to Resume $20 Billion LNG Development in Cabo Delgado Mozambique has established the necessary conditions for TotalEnergies to resume its $20 billion LNG project, the country’s energy minister confirmed. The project, located in Cabo Delgado, originated after the discovery of significant natural gas reserves off the northern coast in 2010 and reached a final investment decision in 2019. In 2021, TotalEnergies suspended operations following a deadly insurgent attack near its

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