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Diamonds Local Mining Technology & Innovation

Endiama Employs Homegrown Technological Tool to Enhance Mining Activity Surveillance

Endiama, the national diamond company, will use TECH-Minas, an unprecedented tool created in Angola, to monitor mining activity and the “alarming” problem of mining, announced the president of the company’s board of directors. Jose Ganga Júnior stated that TECH-Minas facilitates the monitoring and surveillance of mining activities, performance levels, as well as security issues in the areas. “The mining industry, which presents alarming environmental problems and ecological disasters, can be observed from our office almost

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Diamonds Local Mining

Endiama Chairman Warns of Diamond Mining Threat in Lunda Norte

The Chairman of the Board of Directors of Endiama, a state-owned diamond company, expressed grave concerns regarding diamond mining activities in concession areas within the Lunda Norte province. These concerns primarily stem from alleged complicity among certain authorities. Jose Gange Júnior voiced his apprehensions during the biannual review session on diamond production, currently underway for three days in Dundo, the capital of Lunda Norte. According to the official, the situation is particularly troubling in the

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Diamonds Economy Local Mining News

Angola Raises Concerns Over Campaign Targeting ‘Authentic Diamond Industry

The Minister of Mineral Resources, Petroleum, and Gas (MIREMPET) made an appeal yesterday for a concerted effort to combat the promotion campaign of the commercial value of synthetic diamonds over natural ones in the international market, conducted by institutions interested in influencing market prices. Edições Novembro Diamantino Azevedo spoke to the media on the sidelines of the meeting of the Ad-Hoc Committee for the Review and Reform of the Kimberley Process Certification System, which concludes

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Economy Local News Oil

OPEC Anticipates Sustained Global Oil Demand

OPEC has raised its annual outlook for global oil demand in the medium and long term, projecting that $14 trillion in investments will be needed to meet this demand, even with the growth of renewable fuels and the increasing number of electric cars. The perspective of the Organization of the Petroleum Exporting Countries (OPEC), as outlined in its “World Oil Outlook for 2023” released yesterday, contrasts with that of other analysts, including the International Energy

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Economy Local News Oil

Saudis and Other Arab Countries Reaffirm Commitment to Oil Production Adjustments

The United Arab Emirates reaffirmed its commitment to “voluntary collective and individual adjustments” in oil production, as reported by the Saudi state news agency on Saturday 7th of October, 2023. It emphasized that the Oil Ministers of the six countries gathered on the sidelines of the MENA UN Climate Week event in Riyadh. Furthermore, the ministers reiterated the willingness of the Declaration of Cooperation (DoC) countries to take “additional measures at any time in their

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Economy Local News Oil

Brent Crude Price Sees a 0.64% Increase for December Delivery, Reaching $84.57

The Brent oil price for December delivery rose 0.64% to $84.57, according to the last update at 12:39 on October 8, 2023, in the London futures market. The North Sea crude, a benchmark in Europe and Angola, ended the session on the International Exchange Futures trading at 54 cents above the $84.03 it closed at last Thursday. Brent rebounded on Friday after positive economic data from the United States was released, which improved expectations for

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Diamonds Local News

Lucapa Diamond appoints new CEO and MD

ASX-listed Lucapa Diamond Company, which holds a 40% interest in the Lulo mine, in Angola, and a 70% interest in the Mothae mine, in Lesotho, has appointed Nick Selby as CEO and MD. Selby has served as interim CEO since August, following former CEO and MD Stephen Wetherall‘s resignation. Selby, an extraction metallurgist, joined Lucapa in October 2014 as COO and was appointed executive director of operations in September 2017. He began his career with De Beers, where

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Local Oil Petroleum

Sonangol combines deliveries with the Sale of Shipments

Sonangol plans to add the delivery option to the sale of the company’s oil cargoes, thanks to the viability of its shipping fleet between April and September, reinforced with two Suezmax class ships with capacity to transport one million barrels per unit. The decision was announced by the director of Sonangol’s commercialization unit in London, Sandra Júlio, cited yesterday by the “Ngol” program, broadcast by the oil company on RNA, in statements in which she

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Gas Local Oil Petroleum

Sapura Energy Awarded $300M Angolan Contract

Global oil and gas services provider Sapura Energy has been awarded a $300 million contract by Azule Energy – a 50:50 joint venture between oil and gas supermajors Eni and bp – for the provision of offshore transportation and installation services for Angola’s offshore Northern Gas Complex project. Under the contract, Sapura Energy will provide engineering services, transportation and installation, and other services for the Quiluma and Maboqueiro platforms, with work for the project expected for completion

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Gas Local Oil Petroleum

TotalEnergies Sells 40% Stake in Block 20 Offshore Angola

Oil and gas supermajor TotalEnergies has finalized the sale of a 40% stake in Block 20 – situated in the Kwazna Basin, offshore Angola – to global energy group, Petonas, for $400 million. Following the transaction, TotalEnergies will retain operatorship of the block and a 40% interest in the concession. Petronas will own a 40% stake while Angolan National Oil Company, Sonangol, will hold its 20% stake in the block. TotalEnergies is pleased to welcome

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