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International Mining

Top 5 Lithium Projects in Africa Ranked by Estimated Production

Africa’s geologically prospective regions and abundant natural resources make it an attractive destination for investment. The continent is witnessing the launch of large-scale projects aiming to become global lithium hubs and benefit from the energy transition trends, driven by the increasing demand for minerals like lithium in clean energy technologies. Here are some of the significant lithium mining projects in Africa: These projects reflect Africa’s potential to become a significant player in the global lithium

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Energy Gas International News

TotalEnergies Publishes Security Report and Action Plan for Mozambique LNG

Global oil and gas major TotalEnergies and its partners in the Mozambique LNG project have published an action plan on how they will progress with the development of the natural gas initiative in the southern African country. The plan, proposed by human rights expert Jean-Christophe Rufin, aims to address the relationship between Mozambique LNG and the Cabo Delgado unrest. It involves implementing a socioeconomic development program, focusing on enhancing the local economy, infrastructure, and environmental sustainability in the region.

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Diamonds International

Diamond sorting facility revealed in Johannesburg

De Beers Sightholder Sales South Africa (DBSSSA) has unveiled its new rough diamond sorting, valuation and sales facility in Johannesburg. De Beers Group announced in January 2023 that it was relocating its Sightholder Sales activities in South Africa from Kimberley to Johannesburg following a review of its sorting activities in South Africa. The relocation supports the government’s strategy to consolidate the country’s mineral beneficiation sector into one area at the Gauteng Industrial Development Zone. The relocation

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Economy International Mining News

Gold retreats again driven by rising U.S. dollar

Gold prices fell again on Tuesday as a recovering U.S. dollar took its toll, with prices heading for a fifth day of losses in six sessions after the biggest pullback since February last week. Price action Market drivers Gold prices have pulled back since the most-active contract logged its second-highest settlement level on record on May 4. It was the highest settlement since the all-time high reached in August 2020. Whether the yellow metal rallies

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International News Oil

Oil Prices Surge on Anticipated Rise in Gasoline Demand, Saudi Energy Minister Issues Warning

Gasoline rallied Monday as speculators looked for a demand boost as the Memorial Day holiday approaches, said Robert Yawger, executive director for energy futures at Mizuho, in a note. U.S. gasoline storage of 218.3 million barrels, as reported by the Energy Information Administration, is 12.6 million below the nine-year low of 205.7 million barrels from Nov. 4, 2022, “implying to me that a storage situation will likely develop at some point in the relatively near

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Energy International News

Elison Karuhanga Confirmed as Speaker at Invest in African Energy Forum Paris

The African Energy Chamber (AEC) (www.EnergyChamber.org), the voice of Africa’s energy sector, is pleased to announce that Elison Karuhanga, Partner at Kampala Associated Advocates, will be speaking at the Invest in African Energy Forum next month. The event is scheduled to take place at the Westin Paris Vendome in France on June 1st. Karuhanga will have the opportunity to showcase Uganda’s oil and gas sector and provide insights on the East African Crude Oil Pipeline

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Economy Energy International Mining News

Maximizing Sustainability in African Mining: Five Key Strategies

Private and public-sector led mining activities across Africa are prioritizing sustainable techniques in projects deployment for environmental sustainability, social responsibility and good business practices. With the continent maximizing exploration and production of its vast extractive resources including critical minerals such as lithium and cobalt to shape the global energy transition and drive economic growth, sustainability has become a standard. Sustainable Mining Techniques and Land Management While traditional mining techniques such as open pit and underground mining have significant impact

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Economy Energy International

Empowering Energy: Unlocking Financing for Projects in the MSGBC Region

Despite offering significant energy resources, access to financing remains one of the key challenges facing energy projects in the MSGBC region. Fortunately, there are various financing avenues emerging, presenting new opportunities for MSGBC governments and project developers alike to leverage the full potential of regional resources. Traditionally, energy projects in the region have been financed by international banks, development finance institutions (DFIs) and by project developers themselves. These institutions provide loans, guarantees, and equity investments to

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Economy Energy International Petroleum

Nigeria Inaugurates Africa’s Largest Refinery

President Muhammadu Buhari of Nigeria inaugurates Africa’s largest refinery today in Lagos, which is expected to process 650,000 barrels per day and reduce fuel imports in the country.” The project launched in 2013 by businessman Aliko Dangote occupies 2,635 hectares of land in the Lekki Free Trade Zone and cost around $19 billion, making it one of the largest industrial complexes on the continent and potentially capable of changing the situation in Nigeria. According to

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Gold International Mining

Activities Resume at Senala Gold Project in Senegal

Gold exploration company Oriole Resources has announced the resumption of activities at the Senala gold project in Senegal. The company holds a 41.65% interest in the project. The resumption follows the acquisition of AGEM Senegal Exploration, a wholly owned subsidiary of IAMGOLD Corporation, by Moroccan mining company Managem Group. AGEM Senegal Exploration will continue to operate the project, while Managem takes control. Under the terms of a 2018 option agreement, Managem Group will fund the

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