Pensana Plans Major Boost in Heavy Rare Earth Production at Angola’s Longonjo Mine

Pensana Targets Fivefold Increase in Heavy Rare Earth Output at Longonjo Project Following a comprehensive review of the Longonjo processing flowsheet, London-listed rare earths producer Pensana says it has identified significant potential to increase the content of heavy rare earths in its high-value mixed rare earth carbonate (MREC) product by more than five times. The evaluation was launched in response to rising demand from offtake partners seeking secure supplies of both light and heavy rare

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Angola Confirms 2027 Start-Up for First Turbine of Caculo Cabaça Hydroelectric Dam

Caculo Cabaça Hydropower Project Reaches 40% Completion; First Turbine to Begin Operation in 2027 The Ministry of Energy and Water has announced that the first of the four turbines of the Caculo Cabaça Hydroelectric Project is expected to begin operating in 2027. The project, located in Cuanza Norte province, has reached approximately 40 percent completion and continues to progress at a steady pace. In a statement accessed by VerAngola, the ministry highlighted that on Tuesday

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Etu Energias Inaugurates New Fuel Station at Luanda’s Cuca Factory

Etu Energias Expands National Fuel Network with New Station at Cuca Factory in Luanda Etu Energias inaugurated a new fuel station this Friday within the perimeter of the Cuca Factory in Luanda, marking another step in the company’s strategic expansion in Angola’s energy distribution sector. The announcement was made in a statement sent to VerAngola. According to CEO Edson Santos, the opening of the Cuca Fuel Station (PA Cuca) “symbolizes Etu Energias’ commitment to the

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Endiama Confirms December Testing for Angola’s First Gold Refinery

Angola’s First Gold Refinery Nears Completion, Testing Phase Set for December Endiama has announced that Angola’s first gold refinery—currently under construction in the Viana Industrial Park—is expected to begin its testing phase in the second half of December. The projection was shared this Thursday during a site visit by the company’s Chairman of the Board of Directors (PCA). According to an official statement accessed by VerAngola, the visit confirmed that the project is in its

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Angola Agrees to Roll Over $1 Billion JPMorgan Loan Amid Improving Debt Market Conditions

Angola Reaches Agreement with JPMorgan to Extend $1 Billion Loan as Eurobond Yields Fall Angola has reached an agreement in principle with JPMorgan Chase & Co. to roll over a $1 billion loan that was set to mature at the end of this year, the country’s finance ministry announced. Details of the renewed arrangement—including maturity, interest rate, and collateral—are still being finalized, a ministry spokesperson said. The original loan, signed in December, was structured as

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Angola Inaugurates $4 Billion Gas Processing Plant in Soyo to Boost Energy Diversification

Angola Launches $4 Billion Soyo Gas Plant to Strengthen LNG Production and Industrial Growth Angolan President João Lourenço has inaugurated a $4 billion gas processing plant in Soyo, marking a major step in the country’s strategy to diversify its energy sector beyond crude oil. The project positions Angola to become a key player in Africa’s natural gas and liquefied natural gas (LNG) markets. Developed by the Novo Consórcio de Gás (NCG), the facility has the

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Luau and Luacano Connected by Road for the First Time After EN-250 Paving

Angola Completes First 100 km of EN-250, Linking Luau and Luacano Along the Lobito Corridor Luacano – The municipalities of Luau and Luacano, located in Angola’s newly established Moxico Leste province, are now connected by road for the first time following the completion of nearly 100 kilometers of asphalt on National Road (EN) 250. EN 250 forms part of the strategic Lobito Corridor, linking the provinces of Moxico Leste, Moxico, Bié, Huambo and Benguela. The

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EU Hails Lobito Corridor as Key Global Gateway Project

EU Praises Lobito Corridor as Flagship Global Gateway Initiative During First Certified Avocado Export Ceremony The European Union (EU) Ambassador to Angola, Rosario Bento Pais, has described the Lobito Corridor as one of the flagship initiatives of the EU’s Global Gateway strategy in Africa and a leading example of shared investment priorities. Speaking at the Port of Lobito during a ceremony marking the export of the first shipment of certified Angolan avocados to Rotterdam in

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IMF Managing Director Commends Angola’s Reform Progress During First Official Visit

IMF Chief Praises Angola’s Economic Reforms and Urges Continued Structural Transformation International Monetary Fund (IMF) Managing Director Kristalina Georgieva has concluded her first three-day visit to Angola, where she praised the government’s ongoing efforts to reform the economy and reduce its dependence on oil since 2017. Georgieva noted that Angola’s reform momentum has delivered clear progress, but stressed that continued action is essential as the global economy undergoes rapid change. “Angola must move forward with

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World Bank Announces Major Funding Package to Support Growth Along the Lobito Corridor

World Bank Commits USD 600 Million to Boost Economic Diversification and Urban Development Along Lobito Corridor Luanda — The World Bank will mobilize USD 600 million to support economic diversification, urban development, and housing initiatives along the Lobito Corridor, the institution’s representative, Roland Yameogo, announced on Tuesday in Luanda. Speaking on the second day of the 7th African Union–European Union Summit, Yameogo explained that the funding will be split evenly: USD 300 million for economic

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