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.
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
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
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
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
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
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
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
Lucara Unearths 2,036-Carat Diamond at Karowe Mine, Faces Going Concern Risks Lucara Diamond Corp, headquartered in Canada, has recovered its second diamond weighing more than 2,000 carats from the Karowe mine in Botswana—cementing the mine’s reputation for producing some of the world’s largest and most valuable stones, even as the company grapples with financial covenant breaches and uncertainty over its ability to continue as a going concern. “The Karowe diamond mine continues to validate its
De Beers Group, together with Angola’s national diamond company, Endiama, yesterday announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola. In July 2025, the De Beers-Endiama joint venture successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne surveys completed in March 2025. This breakthrough represents the discovery of the first new kimberlite field
