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Category: Corporate News

International Corporate News Gold

Azumah Resources Begins Construction of Black Volta Gold Mine in Ghana

A major gold mining project in Ghana’s Upper West Region has officially entered the development phase, marking a significant step forward for an initiative long in the making. Azumah Resources Ghana Limited has commenced full-scale construction of the Black Volta Gold Mine, following years of exploration, planning, and recent delays. The Ghanaian-owned company, supported by both domestic and international investors, confirmed it has secured funding from existing shareholders and has begun preparatory work at the

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International Corporate News Oil

Dangote Plans to List Refinery and Fertilizer Plants on Stock Market by 2026

Africa’s richest man, Aliko Dangote, is moving forward with long-anticipated plans to list two of his industrial giants—Dangote Oil Refinery and Dangote Fertiliser Limited—on the Nigerian stock market. Although the idea has circulated for some time, recent developments suggest definitive timelines have now been set, particularly for the refinery. Dangote recently announced that his $20 billion oil refinery will be listed on the Nigerian Exchange (NGX) by the end of 2026. During a visit by

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Local Corporate News Oil

Etu Energias Launches Drilling Campaign at Angola’s Block 2/05 to Boost Oil Output

Etu Energias Launches Drilling Campaign at Angola’s Block 2/05 to Boost Oil OutputAngolan private energy firm Etu Energias has officially commenced drilling operations at Block 2/05, located in the shallow waters off Zaire Province. The SMS ESSA jack-up rig arrived at the site on June 25 and began operations on June 27, marking a significant milestone in the block’s redevelopment strategy. The new drilling campaign includes: Three development wells One exploration well Five technical interventions

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Corporate News Diamonds Local

Angola’s SODIAM Raises $15.5 Million from Special Diamond Auction

Angola’s National Diamond Trading Company (SODIAM) has announced it raised $15.5 million from the sale of 17 special diamond stones in its latest auction. The diamonds were sourced from four mining companies: Lulo, Kaixepa, Chitotolo, and Luele. This marked the 14th auction organized by SODIAM, with evaluation sessions taking place from Monday to Thursday last week. A total of 865.19 carats were sold, generating a return that exceeded expectations by 23.33%, according to the company.

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Diamonds Corporate News Local

Endiama and Sodiam Join Natural Diamond Council, Advancing Angola’s Global Industry Role

Angola’s state-owned diamond companies, Endiama and Sodiam, have officially joined the Natural Diamond Council (NDC) as contributing members, marking a significant step in the country’s integration into the global natural diamond industry. Effective July 1, 2025, both companies will begin their participation with a joint contribution of $8 million for the second half of the year. “By joining the Natural Diamond Council, Endiama and Sodiam are formalizing our dedication to a global strategy that highlights

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Corporate News International Renewable Energy

Sasol Signs 91 MW Solar VPPA with Akuo to Power Texas Chemicals Facility

South African integrated energy and chemical company Sasol has entered into a virtual power purchase agreement (VPPA) with renewable energy producer Akuo to supply 91 megawatts of solar power—equivalent to approximately 250,000 megawatt-hours (MWh) annually—to its Lake Charles Chemicals Complex in Coke County, Texas. The 15-year VPPA will draw power from Akuo’s 195 MW Tennyson Solar Farm, which is currently under construction in the region. “This increased use of renewable energy, through both direct and

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Oil Corporate News International

Ghana’s Tema Oil Refinery Targets Full Restart by October 2025 to Slash Fuel Imports

The Tema Oil Refinery (TOR) is on track to resume full operations by October 2025, aiming to drastically reduce Ghana’s dependence on imported refined fuels. In a recent briefing with Parliament’s Energy Committee, Edmund Kombat, TOR’s Acting Managing Director, revealed that Ghana currently spends about $400 million per month on fuel imports. Once TOR is fully operational, he estimates that figure could be cut by more than half. Kombat explained that with the refinery running,

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Corporate News Diamonds International

Namibia’s TaTe Diamonds expands into U.S. market with Atlanta showroom

TaTe Diamonds, Namibia’s first fully Namibian-owned diamond company, has officially entered the United States market with the grand opening of its flagship showroom in Atlanta, Georgia. Located in Buckhead, Atlanta’s premier luxury district, the showroom marks a significant milestone in the company’s international expansion and brand visibility. The launch event drew distinguished Namibian and international guests, with Brent Eiseb, CEO of the Namibian Diamond Trading Company (NDTC), presiding over the ribbon-cutting ceremony. The Namibian delegation

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Corporate News Diamonds Exploration Local Mining Projects

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys

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Corporate News Diamonds Local

Global Diamond Giant Hari Krishna Exports Eyes Investment in Angola’s Saurimo Hub

Hari Krishna Exports, one of the world’s leading companies in high-quality rough diamond cutting and jewelry manufacturing, has expressed strong interest in investing in Angola. The company plans to establish two diamond cutting factories in the Saurimo Diamond Development Hub, located in the province of Lunda Sul. A delegation from Hari Krishna Exports, led by Dharmesh Dholakia, is currently visiting Angola and has been received by the Ministry of Mineral Resources, Oil and Gas, as

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