The Longonjo Rare Earths Project, which spans 21 km2, is located near the town of Longonjo in central Angola and near Lobito Corridor’s Benguela Railway. Australia-based Pensana Rare Earths said that its subsidiary Ozango Minerals has secured approval from the Angolan President for the exploitation of the Longonjo Rare Earths Project in the Central African country. President João Lourenço approved the company’s mining title, which will be valid for 35 years, for the mining of
Sonangol confirmed, on Thursday, the existence of oil in almost the entire thickness of the Cuanza Onshore Basin, after drilling “considered very positive”. In a press release that was released today, the state oil company states that the discovery significantly increases the remaining potential of the Tobias field. “The production capacity of the well will be verified after tests are carried out to be carried out soon”, the note adds. According to the document, the
The Angolan Government and the Anglo-Australian multinational Rio Tinto Explotation LTD will sign, next Wednesday, January 17th, a mining investment contract, for the prospecting and exploration of base metals. According to a source from the Ministry of Mineral Resources, Oil and Gas, the project called “Moxico Concession” is located in the province of Moxico, and has an extension of 9,959 square kilometers. Operations in Angola Last year, the Australian multinational Rio Tinto, the second largest
The Minister of State for Economic Coordination, José de Lima Massano, stated, Wednesday, in Luanda, that the country is going through a moment in which it is not enough to just have “the highest price per barrel of oil or more oil production”, considering that “this is no longer what solves our problem”. When speaking at the 11th edition of CaféCIPRA, which is currently taking place under the theme “Impact of private investment in the
Sonangol announced, on Thursday 11th January, in a statement, that it had confirmed the prevalence of oil in a second evaluation well in Block 11 of the Kwanza Onshore Basin, called Kon 11, after drilling operations concluded on December 21, 2023. The document indicates that the operations were carried out by the Exploration and Production Business Unit (UNEP), having occurred “at a considerable depth” and that the drilling, considered “very positive”, resulted in the confirmation of
The National Diamond Company of Angola (Endiama) is quantifying the assets, heritage and reserves of all companies and concessions linked to the group, with part of the process for the dispersion of its capital on the stock exchange, starting in 2027. The information was provided by the chairman of the company’s Board of Directors, Ganga Júnior, in an interview given to the publication “The Energy Year”, in which he presented an overview of the company’s
Angola’s second largest port, the Port of Lobito, has recorded an increase of 7.57% in ship movement since 2022, with 351 ships docked at the port handling 1,332,451 tons of cargo in 2023. Announced by Celso Rosas, Chairman of the Board of Directors of the Port of Lobito, it was highlighted that the port collected revenues of more than $16.6 million in 2023. Despite an increase in ship movements, however, the Port of Lobito recorded
A consortium comprising maritime construction firm Ocean Installer and engineering company Oceaneering has won a contract for work on the Girassol Life Extension (GIR FLEX) project in Angola. Awarded by French multinational TotalEnergies and its partners for Block 17, the contract will extend the production lifecycle of the project to 2031. Ocean Installer will handle transportation and installation services for GIR FLEX, encompassing the recovery of old risers, transportation, and installation of 10 new risers,
German multinational technology company Voith has secured a one-billion-dollar contract to supply and install electrical and mechanical equipment for the 2,172 MW Caculo Cabaça hydropower plant in Angola’s Kwanza Norte Province. The project involves the installation of four 530 MW hydropower turbines, a 52 MW turbine, generators, and control and auxiliary systems. Under the contract, Voith will also establish a training center to foster local skills development and provide post-commissioning support services to ensure optimal
The export of 960 tons of raw copper ore, from the Kolwezi region, Democratic Republic of Congo (DRC), to the international market, which was scheduled to begin on Monday, 8th, should only begin on the 18th of this month. The information was provided by the Commercial Director of Lobito Atlantic Railway (LAR), Artur Silva. However, there was no need to clarify the reasons underlying the change in the shipment date and the destination of the cargo,
