Rio Tinto sold 87 polished colored diamonds from its Argyle and Diavik mines through its first Beyond Rare tender, noting strong bidding from global participants. The collection, called Born of this World, comprised 48 lots weighing a total of 29.96 carats, Rio Tinto said Monday. It included pink and red diamonds from the company’s Argyle mine in Australia, which closed in November 2020, as well as yellow diamonds from the Diavik deposit in Canada. Within
Germany and Italy are set to collaborate on the construction of a hydrogen pipeline stretching from North Africa to southern Germany. German Chancellor Olaf Scholz and Italian Prime Minister Giorgia Meloni formalized this partnership through the signing of an Action Plan for Strategic Cooperation, reinforcing energy ties between the two nations. The plan outlines the intention to progress the construction of new gas and hydrogen pipelines connecting Germany and Italy via Austria or Switzerland, with
The government of Angola has officially inaugurated the new Dr. António Agostinho Neto International Airport (AIAAN), which will serve as the country’s main hub for passenger and cargo services, gradually replacing Luanda’s Quatro de Fevereiro Airport (LAD). The airport construction is estimated to have cost over $3 billion, including the supporting infrastructure. Angola’s Minister of Transport, Ricardo Viegas D’Abreu, told Simple Flying that it is a public investment fully funded by the government. This will
The oil and gas industry is the most important engine of industrial growth and economic activity in Angola. However, the National Development Plan 2023–2027 addresses how the country plans to reduce oil revenue dependency to no more than 20% by diversifying the economy and investing in other sectors with growth potential, such as agriculture, infrastructure, mining, green hydrogen, and renewable energy. Infrastructure Recent investments in Angola’s infrastructure have substantially improved, with large infrastructure repairs, expansions,
The Pan-African multilateral development financial institution, the Africa Finance Corporation (AFC), will invest $95.25 million in Uganda’s petroleum logistics infrastructure. The investment will be directed towards the oil and gas company Mahathi Infra Uganda. The funds will be used to finance the construction of two self-propelled barges for operation on Lake Victoria. The financing will also support the development of 14 petroleum storage tanks, 20 truck loading bays, a jetty, and a parking lot with
The minister of Education, Luisa Grilo, inaugurated Thursday, 23, in Namibe province a primary school No. 113, named after “Manuel Francisco Peú”, which is located at Valódia neighborhood, in the Moçâmedes municipality. Fully equipped, the school was built from scratch with funding from SODIAM – E.P., and it is the result of a protocol signed between the government of that province, the National Company of Diamond Commercialization of Angola and Fundação Brilhante, the social face
The minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, will travelled this Friday, 24, to the province of Lunda Sul, for a two-day visit, where he inaugurated a school for Primary Education and the First Cycle of Secondary Education, with a capacity to accommodate 1080 students. The construction of the school, fully equipped, took eight months and was funded by SODIAM-E.P., valued at over 800 million kwanzas. According to a press release, Diamantino Azevedo
Operating in 20 countries across Africa, DLA Piper is poised to serve as a bronze sponsor at AEW 2022 The African Energy Week (AEW) (www.AECWeek.com) 2022 interactive conference and networking event, Africa’s premier event for the oil and gas sector taking place from 18-21 October in Cape Town, will feature the participation of global law firm, DLA Piper, as a bronze sponsor, demonstrating the legal entity’s commitment to sustainability as well as initiatives being undertaken
The investment contract for the construction and operation of the Soyo Refinery (Zaire province) will be signed this Wednesday. In the amount of 3.5 billion dollars, the document will be signed between the Private Investment and Export Promotion Agency (AIPEX) and Quanten Consortium Angola. The future refinery will have a processing capacity of 100,000 barrels of oil per day and will guarantee around 900 direct jobs. “The referred project is external (United States), and is
Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation as a shareholder and its 35th member state. With Angola’s natural resources in high demand as Europe seeks alternative sources of fuel and foodstuff in the wake of the Ukraine-Russia crisis, the partnership with AFC will help to drive the nation’s next growth and development phase, said Finance Minister Vera Daves. ”Membership of AFC
