Angola’s First Gold Refinery Targets End-2026 Launch with 25kg Daily Capacity Angola is advancing the development of its first gold refinery, with commissioning and technical training now underway ahead of a planned launch by the end of 2026. Located at the Viana Industrial Park in Luanda, the 3,789.95-square-metre facility will have the capacity to process up to 25 kilograms of gold per day. It will include a refinery, laboratory and public assay office for testing
Angola Secures €665 Million for Luena-Saurimo Railway Linking Mining Regions to Lobito Corridor Angola has authorised financing of up to €665 million to support construction of the 260-kilometre Luena-Saurimo railway line, a major infrastructure project designed to strengthen rail connectivity between eastern Angola and the Benguela Railway and Lobito Corridor. The financing is backed by three European export credit agencies UK Export Finance (UKEF), Poland’s KUKE and Dutch ECA Atradius with HSBC Bank arranging the
MPOPO Gold Targets 200 Kilograms of Annual Gold Production in Angola by 2028 Angolan gold producer MPOPO Gold is stepping up efforts to expand production, with the company targeting annual output of between 150 and 200 kilograms of gold under its 2027–2028 strategic plan. The strategy includes completing the second phase of its industrial processing plant, updating its geological model, strengthening mine planning and introducing measures to improve production recovery. The company also plans to
Angola to Showcase Critical Minerals Investment Opportunities at Africa Down Under 2026 in Australia Angola is set to take centre stage at the 24th Africa Down Under Mining Sector Conference in Perth, Western Australia, with the country hosting a high-level panel focused on investment and development opportunities in the critical minerals sector. The panel will form part of the inaugural Australia-Angola Business Forum, scheduled for September 3 during “Angola Day” at Africa Down Under. The
AfDB Approves $265 Million for Zambia’s Lobito Corridor Railway Project The African Development Bank Group (AfDB) has approved $265 million to support Zambia’s participation in the Lobito Integrated Economic Corridor, advancing plans to establish a direct railway connection between Zambia and Angola. The financing comprises a $255 million loan from the African Development Fund and a $10 million grant from the Rome Process/Mattei Plan Financing Facility. The funding will support the first phase of Zambia’s
Angola’s Diamond Industry Assesses Market Conditions as Global Demand and Prices Evolve Representatives from Angola’s mining companies, the Geological Institute of Angola, the Angolan Diamond Laboratory and other industry institutions have met in Dundo, Lunda Norte, to assess developments in the country’s diamond market. The discussions focused on current market conditions and the factors affecting the performance of Angola’s diamond industry. Industry stakeholders reviewed developments across the diamond value chain as producers and other market
Angola Seeks Logistics Transformation to Improve Food Security and Agricultural Distribution Angola’s Minister of Transport, Ricardo de Abreu, has called for a structural transformation of the country’s logistics system to strengthen food security and improve the distribution of agricultural products. Speaking in Luanda, the minister said Angola needs a more integrated and efficient logistics network capable of connecting agricultural production areas with major consumption centres and markets. He highlighted the importance of improving transport infrastructure
Angola Opens Sixth Diamond-Cutting Factory as Saurimo Strengthens Its Position as a Diamond Processing Hub Angola has strengthened its domestic diamond-processing industry with the inauguration of a new diamond-cutting factory in Saurimo, Lunda Sul Province, bringing the number of operational cutting facilities at the Saurimo Diamond Development Hub to six. The new facility, operated by Diarough Angola, was officially opened by Minister of Mineral Resources, Oil and Gas Diamantino Azevedo on Saturday, marking another step
Chevron Discovers Oil and Gas Condensate Offshore Angola in Block 0 Chevron has confirmed a new oil and gas condensate discovery offshore Angola, strengthening the company’s exploration programme in the country and adding to its portfolio of discoveries in the region. The discovery was made at the 105-4X exploration well in Block 0, located in Angola’s Lower Congo Basin. Chevron said the well encountered a hydrocarbon column of more than 600 metres, including over 90
Angola Faces Worrying Fuel Shortage as Rising Consumption Puts Pressure on Sonangol Angola is facing a fuel supply shortage, with rising domestic consumption putting increasing pressure on the country’s petroleum distribution system and state-owned oil company Sonangol. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo acknowledged the situation, describing the shortage as a matter of concern. The government is working with Sonangol to address supply constraints and restore more stable fuel availability across the
