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Local Mining News Oil

India and Angola Deepen Cooperation in Oil, Mining, and Technology

President Droupadi Murmu’s Angola Visit Strengthens India–Angola Ties in Oil, Mining, and Emerging Technologies During her first-ever state visit to Angola, President Droupadi Murmu spotlighted new opportunities for Indian investment in Angola’s oil, mining, and technology sectors key areas that could define the next phase of India Angola economic cooperation. President Murmu met with Angolan President João Manuel Gonçalves Lourenço at the Presidential Palace in Luanda, where discussions centered on long-term energy security, mineral exploration,

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Corporate News Local Oil

Shell Returns to Angola with $1 Billion Deal to Explore 17 Ultra-Deepwater Oil Blocks

Shell Signs $1 Billion Agreement with Angola to Develop 17 Ultra-Deepwater Oil Blocks The National Agency for Petroleum, Gas and Biofuels (ANPG) and Shell have signed a landmark agreement defining the terms for exploration and development of 17 ultra-deepwater oil blocks off the Angolan coast. The deal represents an initial investment of nearly $1 billion and marks Shell’s return to Angola after a 20-year absence. The agreement follows the memorandum of understanding signed in November

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Renewable Energy Local News

Angola Positioned as a Renewable Energy Leader in Southern Africa

Angola Holds Major Potential for Solar and Hydropower Generation, Highlights German-Angolan Hydrogen Partnership Angola has one of the greatest potentials in Southern Africa for generating renewable energy from solar and hydropower sources, according to Vandre Spellmeier from the German-Angolan Hydrogen Office (H2-diplo). Spellmeier made the remarks on Wednesday in Luanda during the Conference on the Angola-Germany Energy Partnership. In a statement, Spellmeier emphasized Angola’s strategic importance in driving sustainable industrialization and strengthening the energy sector’s

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Diamonds Corporate News Local

Botswana and Angola Explore Joint Bid for De Beers Amid Diamond Industry Shake-Up

Botswana and Angola Meet to Discuss Cooperation on De Beers Sale as Africa’s Diamond Market Shifts Botswana and Angola held high-level talks in Gaborone, Botswana, as both countries position themselves to gain control of De Beers, the diamond unit that Anglo American is selling as part of a corporate restructuring. Botswana’s Mines Minister Bogolo Joy Kenewendo and Angola’s Mineral Resources Minister Diamantino Pedro Azevedo met privately for approximately 40 minutes before making brief comments to

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Economy Local News

J.P. Morgan Resumes Dollar Clearing in Angola After Nine-Year Hiatus

J.P. Morgan Becomes First U.S. Bank to Restore Dollar Clearing in Angola, Signaling Confidence in Financial Reforms J.P. Morgan has become the first U.S. bank in nearly a decade to resume dollar clearing services in Angola, marking a major step in the country’s ongoing efforts to reconnect with global financial markets after years of isolation caused by corruption and compliance concerns. The move ends a nine-year absence of major U.S. banks from Angola, following their

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Gas Local News Oil

Angola Announces Q4 2025 Oil and Gas Licensing Round to Sustain Output and Attract New Investment

Angola to Launch Major Oil and Gas Licensing Round in Late 2025 Angola is preparing to launch its next oil and gas licensing round in the fourth quarter of 2025, offering exploration blocks in the Kwanza and Benguela basins. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo announced the move during the Angola Oil & Gas Conference and Exhibition, emphasizing that it forms part of the government’s broader strategy to sustain national oil production

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Diamonds Local News

Angola’s Diamond Output Surges to 10.7 Million Carats as Country Targets Record Year

Angola Diamond Production Hits 10.7 Million Carats in 2025 as Country Aims for Record 14.8 Million Angola’s rough diamond production reached 10.7 million carats in the nine months to September, according to government data released on Friday, as the southern African nation pushes toward another record year for output. The country — already the world’s third-largest diamond producer behind Russia and Botswana — achieved a record 14 million carats in 2024 and is now targeting

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Corporate News Diamonds Local

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on

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Local News Transport and Logistics

Angola Seeks $4.5 Billion to Build Rail Link Connecting Zambia’s Copperbelt

Angola Secures International Support for $4.5B Zambia-Lobito Rail Corridor to Boost Copper Trade Angola sought $4.5 billion in funding to construct an ambitious rail link to Zambia’s copper-rich region, Transport Minister Ricardo Viegas d’Abreu said. Italy committed $320 million to the project, while the African Development Bank pledged $500 million, d’Abreu told reporters Wednesday on the sidelines of a conference in Luanda, Angola’s capital. He also noted that the Egyptian government had recently expressed interest

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Corporate News Local Oil

Angola’s ANPG to Sign Exclusive Exploration Deal with Shell for Offshore Blocks

Shell Expands Presence in Angola with New Offshore Exploration Agreement Angola’s National Oil and Gas Agency (ANPG) has announced plans to sign an exclusive negotiation agreement with Shell for the exploration and development of Blocks 19, 34, 35, and several ultra-deepwater areas. The signing ceremony is scheduled to take place on November 3, marking a key milestone in Angola’s ongoing efforts to boost offshore oil exploration and attract global energy investors. According to ANPG, the

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