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Corporate News Diamonds Local

Lucapa Diamond Secures Potential Lifeline with Proposed DOCA Backed by Gaston International

Lucapa Diamond Restructuring Plan Promises Full Creditor Repayment and Shareholder Returns Lucapa Diamond Company, the Perth-based miner behind the Lulo alluvial mine in Angola and the Merlin project in Australia, is eyeing a potential lifeline through a planned Deed of Company Arrangement (DOCA). The arrangement could ensure full repayment to creditors and offer a partial return to shareholders. Administrators Richard Tucker and Paul Pracilio of KordaMentha were appointed in May after Lucapa faced falling diamond

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Corporate News Diamonds Local

De Beeers Group and Endiama Discover News Kimberlite Field in Angola

De Beers Group, together with Angola’s national diamond company, Endiama, yesterday announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola. In July 2025, the De Beers-Endiama joint venture successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne surveys completed in March 2025. This breakthrough represents the discovery of the first new kimberlite field

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Corporate News Local Oil

OPEC+ Oil Production Increase to Impact Angola Starting September 2025

OPEC+ Boosts Oil Production by 547,000 Barrels Daily from September 2025 — What This Means for Angola’s Oil IndustryThe Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on Sunday a decision to increase oil supply by 547,000 barrels per day, effective from September 1, 2025. This move comes amid a globally stable economic outlook, with eight participating countries agreeing on the production adjustment in a virtual meeting. The decision was made by

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Local News Transport and Logistics

Port of Lobito Secures ISO Certification and Top Award at Angola Fair

Port of Lobito Achieves Positive ISO Certification Audit and Wins Top Award at Angola Municipalities Fair The Port of Lobito has recently received a positive evaluation of its Integrated Management System from auditing firm MS Certification, in line with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards. According to a report, the port authority earned top marks for quality management, environmental protection, and occupational health and safety. A team of MS Certification auditors spent a

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Local Gas News Oil

Sonangol Confirms 30% IPO Plan to Boost Oil and Gas Expansion

Angola’s Sonangol to Launch 30% IPO to Fund Exploration and Strengthen Energy Sector Angola’s state-owned oil giant Sonangol has reaffirmed its commitment to proceed with an Initial Public Offering (IPO) that will make 30% of its shares available to investors. The move is aimed at raising capital to advance exploration and production projects, as part of broader government efforts to transform Sonangol into a more competitive upstream player. Initially scheduled for 2022, the IPO process

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Governance Economy Local

Zambia Secures $30.1 Million in Trade Deals to Boost Angola Partnerships at FILDA 2025

Zambian Firms Seal $30.1 Million in Deals at Angola’s FILDA Trade Fair Luanda — The Zambian Development Agency (ZDA) has announced that Zambian companies secured an estimated US$30.1 million in trade deals during the 40th Edition of the Angola International Trade Fair (FILDA 2025). The agreements reflect growing interest from Zambian businesses in expanding partnerships with Angolan companies across multiple sectors. In a statement released Monday, the ZDA confirmed that 20 Zambian companies participated in

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Corporate News Diamonds Expos & Events Local

Catoca to Host Expo Catoca in Luanda to Mark 30th Anniversary

Catoca Celebrates 30 Years with Expo in Luanda Showcasing Innovation and Sustainability in Angola’s Diamond Sector From August 26 to 28, Luanda will host Expo Catoca, an event dedicated to celebrating the 30th anniversary of Catoca, Angola’s leading diamond mining company and operator of the world’s fourth-largest open-pit diamond mine. Held under the slogan “Here, where diamonds meet the community”, the expo will serve as a platform for reflection, knowledge-sharing, and showcasing the company’s most

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Local Economy News Oil

Angola to Open Cabinda Refinery in September and Resume Lobito Project to Reduce Fuel Imports

President Lourenço Announces September Inauguration of Cabinda Refinery and Revival of Lobito Refinery ProjectPresident João Lourenço has announced that the Cabinda Refinery will be inaugurated in September and confirmed the long-awaited resumption of the Lobito Refinery project after years of delay. Speaking in Benguela at the opening of the 5th Edition of the Fair of Municipalities and Cities of Angola, the president emphasized that these two major infrastructure projects will significantly reduce Angola’s dependence on

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Local Energy News

Angola and Japan Sign Agreement to Boost Southern Region’s Electricity Transmission

Angola, Japan Partner to Expand Electricity Infrastructure in Namibe, Huila, Cuando Cubango, and Cunene Angola and Japan have signed a cooperation agreement to expand electricity infrastructure in the southern provinces of Namibe, Huila, Cuando Cubango, and Cunene. The signing ceremony, held Tuesday in Luanda, formalized the Project to Strengthen Transmission Systems in the Southern Region of Angola. The agreement was signed by Angola’s Minister of Foreign Affairs, Téte António, and Japan’s Ambassador to Angola, Sano

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Diamonds Corporate News Local

Angola Boosts Diamond Sector Collaboration with India on Official Trade Mission

Angola Strengthens Diamond Industry Ties with India Through ENDIAMA-Led Trade Mission On the second day of its official trade mission to India, the Angolan delegation, led by Elton Escrivão, Director of Marketing at ENDIAMA-EP, continued an intensive agenda focused on expanding strategic partnerships in the diamond industry. A key highlight of the day was the delegation’s participation in technical presentations hosted by the International Gemological Institute (IGI) — one of the world’s most respected authorities

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