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Category: Corporate News

Local Corporate News Oil

Afentra Advances Angola Growth Strategy with Drilling, Asset Expansion and New Exploration

Afentra Accelerates Angola Growth Plans with Block 3/05 Drilling and Increased Offshore Stakes Aim-listed Afentra is accelerating its growth strategy in Angola, advancing drilling activities, expanding its offshore portfolio and progressing exploration across key assets following a strategic review that reaffirmed its commitment to remain an independent exploration and production company. At the company’s flagship Block 3/05 asset, the 2026 infill drilling campaign is under way, with drilling of the Pacassa SW well in progress.

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Corporate News Gold International

Lake Victoria Gold Appoints EPCM Contractor to Advance Imwelo Gold Project in Tanzania

Lake Victoria Gold Moves Imwelo Gold Project Closer to Construction with EPCM Appointment Lake Victoria Gold has appointed City Engineering Company (CECL) as the primary engineering, procurement and construction management (EPCM) contractor for its Imwelo gold project in northwestern Tanzania. The appointment, made through Lake Victoria Gold’s subsidiary Tembo Gold, which holds Mining Licence ML 538/2015 for Imwelo, was approved by Tanzania’s Mining Commission on June 29 and complies with the country’s 2018 Mining Regulations.

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Corporate News Oil Renewable Energy

TotalEnergies Plans 7.1 MW Solar Plant to Support Mozambique LNG Project

otalEnergies Launches Tender for 7.1 MW Solar Facility at Mozambique LNG Site in Cabo Delgado TotalEnergies plans to develop a 7.1 MW photovoltaic solar plant at its Mozambique LNG project in Cabo Delgado as part of efforts to support energy needs at the liquefied natural gas (LNG) facility. The company has issued a request for expressions of interest (EOI) for engineering, procurement and construction services for the solar project, which will be located at Afungi

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Corporate News International Oil

Petrobras Agrees to Restore 335 Offshore Wells Under Safety Compliance Deal

Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030 Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations. The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management

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Local Corporate News Mining Projects

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine

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Diamonds Corporate News International

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of

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Corporate News Diamonds Economy

Sodiam Raises $21.7 Million at Luanda Diamond Auction, Exceeding Expectations

Angola’s Sodiam Earns $21.7 Million from Diamond Auction as Sales Surpass Expectations by 23% Angola’s National Diamond Trading Company (Sodiam) generated US$21.7 million from the sale of 35 special rough diamonds at an auction held in Luanda, exceeding the expected value by 23%, according to a company statement. The auction featured 35 exceptional diamonds produced by the mining companies Luele, Catoca, Mussende, Lulo, Calonda, Cuilo, Kwenda, Kaixepa, Cuango, Somiluana and Mucuanza. Also included in the

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Corporate News Local Mining Projects

Anglo American Advances Copper Exploration in Angola’s Moxico Leste Province

Anglo American Presents Copper Prospecting Project in Angola’s Cazombo Salient Amid Regional Copper Belt Expansion Anglo American has presented a copper prospecting project in Angola’s Cazombo Salient, highlighting new opportunities for the country’s mining sector. The presentation took place on Tuesday in the commune of Calunda, in the municipality of Muconda, Moxico Leste province, and was disclosed by the Ministry of Mineral Resources, Petroleum and Gas in a statement. According to the ministry, Anglo American

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International Corporate News Gas

Dana Gas Reports Major Egypt Gas Discovery as Outstanding Payments Are Fully Settled

Dana Gas Boosts Egypt Investment Following Gas Discovery and Settlement of Receivables Dana Gas has announced strong operational and financial progress in Egypt after receiving US$21.5 million in additional payments, bringing all outstanding receivables owed by the Egyptian government to a full settlement. The company said the improved payment discipline, a more supportive fiscal framework, and closer collaboration with Egyptian authorities have strengthened its confidence to expand investment in the country. Egypt is seeking to

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International Corporate News Oil

Tower Resources Secures Regulatory Approval for PEL96 Farm-Out Deal in Namibia

Namibia Approves Tower Resources Farm-Out of Offshore PEL96 License to Prime Global Energies Tower Resources has received formal approval from Namibia’s Ministry of Industries, Mines and Energy (MIME) for the farm-out of its offshore PEL96 exploration license to Prime Global Energies Limited. The approval removes the final outstanding condition under the farm-out agreement announced in January, clearing the way for the transaction to proceed to completion. Tower Resources will now issue a completion notice to

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