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Corporate News Diamonds Environment Social Governance (ESG) Local

Angola Inaugurates Lueji A’nkonde University Campus in Lunda-Norte

Angola Launches $69 Million Lueji A’nkonde University Campus to Educate Over 8,000 Students On August 14, Angola celebrated the inauguration of the Lueji A’nkonde University Campus in Lunda-Norte Province, a major investment exceeding $69 million by ENDIAMA. The ceremony was presided over by President João Lourenço, marking a significant milestone in Angola’s commitment to higher education and regional development. The new campus houses two faculties—Law and Economics—with a total of 87 classrooms: 47 for Economics

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Diamonds Corporate News International

De Beers Advances Sustainability with Emission Cuts, Conservation Projects, and Diamond Traceability

De Beers Reports 2024 Sustainability Progress: Emissions Down, Renewable Energy Expansion, and Blockchain Traceability Diamond mining giant De Beers has reported significant progress in its 2024 Sustainability Report, highlighting achievements in emission reduction, renewable energy development, biodiversity conservation, community impact, and diamond provenance. Since 2021, De Beers has reduced its Scope 1 and 2 emissions by 7% and continues to pursue its 2030 targets of cutting Scope 1 and 2 emissions by 42% and Scope

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Corporate News Gold International

Lexington Gold Expands Study Scope for Jelani JV in South Africa

Lexington Gold expands Jelani JV study in South Africa and completes drilling at Jennings-Pioneer project in the US AIM-listed Lexington Gold has announced that the conceptual-level study of the Jelani Resources joint venture (JV) project in South Africa, being undertaken by Bara Consulting, has been expanded to provide a more detailed and robust evaluation. Enhanced Study Scope for Jelani JV The upgraded study scope now includes: A more comprehensive validation of the proposed mining approach.

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Corporate News Local Mining Projects

Rare Earth Prices Surge Amid US-China Moves as Pensana Advances Angola Mine

Rare earth prices climb after US-China policy shifts, boosting interest in Pensana’s Angola project Rare earth prices have surged following two major policy moves: the US government’s agreement with MP Materials, which set a price of $110,000 per tonne for neodymium and praseodymium (NdPr), and China’s decision to ban the stockpiling of NdPr metal. London-listed emerging rare earths miner Pensana has highlighted the developments as it continues progress on its Longonjo rare earths project in

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Local Corporate News Transport and Logistics

Lobito Atlantic Railways Strengthens Leadership with New CEO and Chairperson Appointments

Lobito Atlantic Railways Names Nicholas Fournier CEO and Alexandre Canas Chair to Drive Angola’s Transport Corridor Expansion Angola’s rail operator Lobito Atlantic Railways (LAR) has announced a significant leadership change, appointing Nicholas Fournier as CEO and Alexandre Canas as chairperson on August 19. The move marks the formal separation of the two roles, a step aimed at strengthening governance as the company enters a crucial phase of operational growth. With its new executive committee and

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Corporate News International Oil

TotalEnergies Plans New Offshore Drilling in South Africa’s Deep Western Orange Basin

TotalEnergies to Drill Seven Wells in South Africa’s Orange Basin as Oil Frontier Expands TotalEnergies SE is preparing to launch a new offshore drilling campaign in South Africa’s Deep Western Orange Basin, a region that extends into waters where Namibia has recently made major oil discoveries. According to SLR Consulting, which is conducting an independent environmental assessment, TotalEnergies’ South African subsidiary intends to drill up to seven wells located about 211 kilometers (131 miles) off

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Corporate News International Oil

South African Court Halts TotalEnergies’ Cape Coast Drilling Plan

Court Halts TotalEnergies’ Offshore Oil Exploration Over Environmental Concerns A South African court has overturned an environmental authorization that allowed TotalEnergies and its joint venture partner Shell to explore for oil off the Cape coast, citing serious flaws in the company’s environmental review. The Western Cape High Court ruled on August 13 that TotalEnergies failed to adequately assess the potential socio-economic impact of oil spills and neglected to consider climate change in its application. “Total

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Corporate News Gas International Petroleum

Seplat Energy Completes First Domestic LPG Supply, Boosts Nigeria’s Energy Security

Seplat Energy Delivers First Domestic LPG Supply to Cut Cooking Gas Imports and Strengthen Nigeria’s Energy Security Seplat Energy PLC has successfully completed its first domestic supply of Liquefied Petroleum Gas (LPG)—Butane from the Bonny River Terminal (BRT) in Rivers State, Nigeria. The inaugural shipment involved loading 12,600 metric tons (MT) of LPG, a milestone that underscores Seplat’s strategy to expand local energy availability and reduce Nigeria’s reliance on imported cooking gas. Until now, LPG

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Corporate News Diamonds Local

Lucapa Diamond Secures Potential Lifeline with Proposed DOCA Backed by Gaston International

Lucapa Diamond Restructuring Plan Promises Full Creditor Repayment and Shareholder Returns Lucapa Diamond Company, the Perth-based miner behind the Lulo alluvial mine in Angola and the Merlin project in Australia, is eyeing a potential lifeline through a planned Deed of Company Arrangement (DOCA). The arrangement could ensure full repayment to creditors and offer a partial return to shareholders. Administrators Richard Tucker and Paul Pracilio of KordaMentha were appointed in May after Lucapa faced falling diamond

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Corporate News Diamonds International

Alrosa Reports 25% Revenue Drop Amid Sanctions, Geopolitical Headwinds

Sanctions-Hit Alrosa Sees Revenue Fall 25% in H1 2025, Profit Boosted by Angola Asset Sale Russia’s state-controlled diamond miner Alrosa has reported a 25% year-on-year drop in first-half revenue, citing persistent geopolitical and macroeconomic pressures as sanctions, high interest rates, inflation, and rising taxes weigh on demand and profitability. The Group of Seven (G7) banned direct imports of Russian diamonds in January 2024, later expanding the restrictions—together with the EU—to prohibit imports of Russia-origin stones

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