Ghana Refuses Automatic Renewal of Gold Fields’ Tarkwa Mine Lease as 2027 Expiry Approaches Ghana has indicated that it will not automatically renew the mining lease for Gold Fields Limited’ Tarkwa mine, as the agreement approaches its expiration in 2027. The decision signals a broader shift toward stricter regulatory oversight of long-term mining concessions in the country. The Tarkwa mine, one of Gold Fields’ key assets in Ghana, produced approximately 427,000 ounces of gold in
Eni Plans to Accelerate $4 Billion Baleine Oil and Gas Expansion in Côte d’Ivoire as Crude Prices Strengthen Italian energy company Eni is seeking to accelerate the $4 billion expansion of its offshore Baleine oil and gas project in Côte d’Ivoire, supported by stronger crude oil prices that are improving the project’s economic outlook. According to Eni Chief Operating Officer Guido Brusco, the company is evaluating options to shorten the development timeline for Baleine Phase
Gem Diamonds Earns $32.1 Million as High-Value Letšeng Diamonds Boost Quarterly Performance Diamond producer Gem Diamonds reported revenue of $32.1 million for the quarter ended March 31, supported by the sale of several large, high-value diamonds recovered from its Letšeng Mine operation in Lesotho. During the quarter, production was largely sourced from the mine’s lower-grade and lower-value main pipe, with a smaller contribution from the higher-grade satellite pipe, in line with the Letšeng mine plan.
South Sudan Opens Block B3 to New Investors After Ending Oranto Petroleum Exploration Deal South Sudan has decided not to renew the Exploration and Production Sharing Agreement (EPSA) held by Oranto Petroleum for Block B3 after determining that the company failed to meet key contractual obligations. According to the Ministry of Petroleum, a review of the six-year agreement found that Oranto did not complete critical work program commitments, including required seismic surveys and agreed drilling
Mozambique Restarts 30 MW Dondo Solar Tender to Expand Renewable Energy Capacity and Attract Private Investment The Government of Mozambique has relaunched the tender process for a 30 MW solar photovoltaic project in the Dondo district of Sofala Province as part of ongoing efforts to expand the country’s renewable energy capacity. The Ministry of Mineral Resources and Energy is overseeing the process in partnership with the Energy Regulatory Authority. The tender includes a request for
Eni to Sell Final 5% Stake in Nigeria’s Renaissance Africa Energy JV as Major Oil Majors Exit Onshore Assets Eni is preparing to sell its remaining 5% stake in the Renaissance Africa Energy joint venture in Nigeria, marking another step in the gradual withdrawal of major international oil companies from the country’s onshore oil sector. The company said the identity of the buyer and the value of the transaction will remain confidential for now. The
Renewvia Energy to Invest $750M in Solar Mini-Grids Across Uganda, Rwanda, Ethiopia, and DR Congo to Expand Electricity Access in Sub-Saharan Africa Renewvia Energy Corp. is accelerating its expansion of solar-powered mini-grid projects across Africa as energy companies intensify efforts to address the continent’s persistent electricity shortage. The Atlanta-based renewable energy firm plans to enter Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The expansion is expected to require approximately $750 million in investment
Libya’s Zawiya Oil Refinery Halts Operations After Violent Clashes Near Tripoli Escalate Security Crisis Libya, Africa’s second-largest oil producer, has suspended operations at its largest refinery following violent clashes near the facility west of Tripoli. The shutdown underscores the country’s ongoing security challenges and the continued vulnerability of its critical energy infrastructure. Shutdown of Zawiya Refinery On May 8, 2026, the Zawiya Oil Refinery, Libya’s largest processing facility with a capacity of more than 120,000
U.S. Imports of Nigerian Crude Decline in Early 2026 Amid Supply Disruptions and Shifting African Trade Flows In the first quarter of 2026, the United States imported approximately $578.78 million worth of crude oil from Nigeria, marking a 15.06% decline compared to the same period in 2025. Data from the U.S. Census Bureau and the Bureau of Economic Analysis indicates a notable contraction in both value and volume of imports from the West African producer.
Dangote Links $15–$17 Billion East Africa Refinery Plan to Anti-Dumping Protection in Kenya and Region Aliko Dangote has indicated that he will only proceed with a proposed major oil refinery investment in East Africa if regional governments implement robust anti-dumping measures to protect local refining industries from cheaper imported fuel. The Nigerian billionaire is exploring the development of a large-scale refinery in Kenya, potentially modeled on his existing 650,000-barrels-per-day facility in Nigeria, currently the world’s
