You are Here

Category: International

International Gold News

Morocco’s Guelmim Gold Discovery Poised to Transform Country into Major African Producer

Morocco Strikes High-Grade Gold in Guelmim, Set to Boost Africa Mining Profile Morocco is taking a decisive step toward joining Africa’s leading gold producers after confirming the discovery of high-grade gold deposits in its southern Guelmim region. The find has energized the country’s mining sector and raised Morocco’s profile on the continent’s resource stage. Mining company OLAH Palace Trading reported significant gold deposits within quartz veins at its Guelmim project, according to African Mining Market.

Loading

Read More Here

Corporate News Gas International

Dangote Refinery Gasoline Unit Could Remain Offline for Months Amid Repairs

Dangote Refinery Faces Extended Gasoline Unit Shutdown, Impacting Global Fuel Markets Nigeria’s Dangote Refinery, one of the world’s largest single-train refineries with a capacity of 650,000 barrels per day (bpd), may see its gasoline production unit remain offline for two to three months due to ongoing repairs, according to industry monitor IIR Energy. The Residue Fluidised Catalytic Cracking Unit (RFCCU), which processes 204,000 bpd, has been offline since August 29 following catalyst leaks. While the

Loading

Read More Here

Corporate News Diamonds International

Gem Diamonds Cuts Jobs at Letseng Mine as Prices and Demand Collapse

Gem Diamonds Lays Off 240 Workers at Letseng Mine Amid Falling Prices and U.S. Tariff Pressures Gem Diamonds is laying off 240 workers—about one-fifth of its workforce—at the world-famous Letseng mine, in a move that underscores the mounting strain on Lesotho’s diamond-dependent economy. The company reported a half-year loss of $11.7 million, a sharp reversal from a $2.1 million profit a year earlier, after revenue plunged 42% due to weak global demand and sliding diamond

Loading

Read More Here

International News Oil

IOC Shifts Oil Purchases from U.S. to West Africa and Middle East

Indian Oil Corporation Buys Nigerian and Middle Eastern Crude, Skips U.S. Oil Amid Global Market Shifts Indian Oil Corporation (IOC), the country’s largest state-owned refiner, has adjusted its crude procurement strategy in recent weeks, opting against U.S. supplies and turning instead to West African and Middle Eastern grades. Trade sources confirmed on Friday that IOC secured two million barrels of West African crude and one million barrels of Middle Eastern crude, underscoring both geopolitical considerations

Loading

Read More Here

International Gold News

World Gold Council Unveils Wholesale Digital Gold Ecosystem to Revolutionize Global Gold Trading

World Gold Council Launches Wholesale Digital Gold Ecosystem to Transform Gold Ownership and Trading The World Gold Council (WGC), in collaboration with British law firm Linklaters and Hilltop Walk Consulting, has introduced a pioneering vision to transform the global gold market: the Wholesale Digital Gold ecosystem. This initiative aims to modernize how gold is owned, traded, and utilized worldwide. Currently, the wholesale gold market operates under two main structures. Allocated gold involves direct ownership of

Loading

Read More Here

Diamonds Economy International News

Botswana’s Diamond Dependence Turns into Crisis as Economy Faces Collapse

Botswana’s Diamond Crisis Deepens: Healthcare Strains, Job Losses, and Record Budget Deficit Threaten Stability Across Botswana, signs of economic distress are multiplying. Patients queue for hours outside government clinics, construction firms reliant on state contracts are laying off workers, and university students are threatening boycotts after promised allowance increases failed to materialize. The downturn marks a sharp reversal for a country once hailed as a model of prosperity in Africa. Fueled by the world’s richest

Loading

Read More Here

Corporate News Energy International

IRH Strengthens UAE–Egypt Energy and Mining Collaboration with Landmark Agreements

International Resources Holding Signs Strategic MoUs with EGPC and Egypt’s Mineral Authority to Boost Energy and Mining Investment International Resources Holding RSC Ltd. (IRH), a leading mine-to-market platform and subsidiary of 2PointZero, has signed two landmark Memoranda of Understanding (MoUs) with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Mineral Resources and Mining Industries Authority. The agreements reinforce the UAE–Egypt corridor as a key driver of regional energy security and sustainable economic growth. The

Loading

Read More Here

Corporate News Diamonds International

HB Antwerp Unveils Rare 37-Carat Pink Diamond from Botswana’s Karowe Mine

HB Antwerp Recovers Rare 37-Carat Pink Diamond from Karowe Mine, Showcasing Exceptional Color and Craftsmanship Antwerp, Belgium – September 2, 2025 – HB Antwerp proudly announces the arrival of a 37.42-carat pink Type IIa diamond recovered from Lucara’s Karowe Mine in Botswana. This exceptionally rare stone exhibits an intensity of color rarely seen in the market today. Over the past five years, HB Antwerp has established itself as a leading expert in handling large, complex

Loading

Read More Here

International Gas News

Senegal to End Natural Gas Imports by 2026, Boost Domestic Energy Production

Senegal Plans to Stop Natural Gas Imports by 2026, Leveraging Domestic Production for Energy Security Senegal’s Prime Minister Ousmane Sonko has announced that the country will cease importing natural gas in 2026, a strategic move aimed at reducing budget pressures and improving energy efficiency. The government plans to make natural gas a core part of its power mix by converting an existing plant and constructing a new facility. Officials have yet to clarify how this

Loading

Read More Here

Corporate News Exploration Gas International

Egypt Signs $340 Million Oil and Gas Exploration Deals with Shell, Eni, ARCIUS, and Zarubezhneft

Egypt Secures $340M Investment from Shell, Eni, ARCIUS, and Zarubezhneft for Mediterranean and Delta Exploration The Egyptian Natural Gas Holding Company (EGAS) has signed four major agreements with Shell, Eni, ARCIUS Energy, and Russia’s Zarubezhneft to expand oil and gas exploration in the Mediterranean and Nile Delta regions. The agreements cover the drilling of 10 wells, with total minimum investments exceeding $340 million. Mahmoud Abdel Hamid, Chairman of EGAS, signed the agreements in the presence

Loading

Read More Here

1 … 41 42 43 44 45 … 231