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Diamonds Economy Local

Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs

Angola Opens $9M Chitotolo Processing Plant in Lunda Norte, Raising Diamond Output Capacity by 140% The governor of Lunda Norte, Filomena Miza, has inaugurated the new Recovery and Processing Plant (CRP) of the Chitotolo Mining Company in a ceremony attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. The new facility is expected to significantly increase diamond production capacity while creating additional employment opportunities in the province, supporting both local livelihoods

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Diamonds Corporate News Economy Local

Endiama and Rio Tinto Launch Chiri Mining Venture for Diamond Exploration in Angola’s Lunda Sul

Angola Launches Chiri Mining JV as Endiama and Rio Tinto Begin Diamond Exploration in Lunda Sul Angola’s state-owned Endiama and global mining company Rio Tinto have officially launched the Chiri Mining Company, a joint venture that will carry out diamond prospecting and exploration in the Lunda Sul province. The company was formally established during a ceremony attended by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, marking a new phase in the country’s

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Local News Transport and Logistics

$1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola

Africa Finance Corporation and AfDB Back $5 Billion Lobito Corridor Railway to Connect Zambia Copper Mines to Angola Port The Africa Finance Corporation (AFC) and the African Development Bank (AfDB) have each committed $500 million toward the development of the Lobito Corridor railway project, a strategic infrastructure link designed to connect Zambia’s copper-rich regions to global markets through the Angolan port of Lobito. In addition, Italy will contribute approximately $320 million to the project, according

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Local Corporate News Gas News Oil

ReconAfrica Expands Into Angola as It Strengthens Oil and Gas Exploration Across Africa

ReconAfrica Enters Angola Oil Exploration with New Partnership as Kavango Basin and Gabon Projects Advance Reconnaissance Energy Africa (ReconAfrica) has expanded its African exploration footprint, marking a strategic entry into Angola while continuing to advance key oil and gas projects across the continent. The company confirmed new exploration activity in Angola alongside ongoing developments in Namibia and Gabon, as it strengthens its position in several high-potential sedimentary basins. Angola Entry Marks Strategic Expansion A major

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Local Mining News

Angola Tightens Mining Regulation in Huíla Amid Push for Digital Reform and Investment Protection

Angola Boosts Mining Oversight in Huíla as Government Targets Illegal Mining and Advances Digital Licensing System Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, conducted a working visit to Huíla Province this Monday, where he led a consultation meeting with operators in the ornamental stone sector. The discussions focused on key industry challenges, including licensing procedures, sector registration, and the rollout of digital systems for mining administration. The meeting took place in Lubango

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Local Economy News

Angola Advances $400 Million Debt-for-Education Swap to Strengthen Fiscal Stability and Social Investment

Angola to Finalize $400M Debt-for-Education Deal by June as Government Restructures Debt and Boosts Education Spending Angola is set to complete a $400 million debt-for-education swap by June, according to Finance Minister Vera Daves de Sousa, as the country intensifies efforts to manage its debt burden while increasing investment in social sectors, particularly education. The agreement, backed by guarantees from the World Bank, will be structured through a commercial bank tasked with executing the transaction,

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Corporate News Local Oil

Angola’s $6.6bn Lobito Refinery Faces Financing Delays Amid Investor Uncertainty

Angola struggles to secure funding for $6.6 billion Lobito refinery as investor negotiations slow and regional participation remains unclear Angola’s planned $6.6 billion Lobito refinery is facing renewed financing uncertainty as discussions with regional and international investors progress more slowly than expected, raising concerns over the timeline for securing full financial closure. State-owned oil company Sonangol has said it has received no formal communication from Botswana regarding reported interest in acquiring a stake in the

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Transport and Logistics Local News

Sacomar Terminal Resumes Operations After Three-Year Closure

Angola’s Namibe Port Reopens Sacomar Terminal, Handles 26,420 Tons of Pig Iron for Export to Asia The Sacomar Mineral Terminal at the Port of Namibe has resumed operations after more than three years of closure, receiving a cargo vessel from China carrying 26,420 tons of pig iron destined for the Asian market. According to a statement from the Port of Namibe, the terminal’s reopening follows the construction of a new pier, inaugurated in October 2025.

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Local Gas Mining Projects News Oil

Diamantino Leads Strategic Energy and Mining Investment Mission to China

Angolan Minister Diamantino Azevedo Visits China to Secure Oil, Gas and Mining Investments and Advance Strategic Energy Projects Diamantino Azevedo has begun a working visit to China aimed at strengthening strategic cooperation and attracting new investment into Angola’s energy and mining sectors. According to a statement sent to ANGOP, the minister met on Monday (13) with Zhou Haibing, where both sides discussed ways to deepen economic cooperation in oil, gas, and mineral resources. The two

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Local Transport and Logistics

Flooding Disrupts Rail Traffic on Lobito Corridor, Halting Key Mineral Export Route

Severe Floods in Angola Suspend Lobito Corridor Rail Operations, Threatening Copper and Cobalt Exports from Central Africa Severe flooding in western Angola has forced the suspension of rail traffic along the Lobito Corridor, disrupting a critical export route for minerals from the region’s mining sector. The line operator, Lobito Atlantic Railway, reported that “significant damage” was sustained to railway infrastructure near the Halo River between Cubal and Caimbambo, approximately 140 kilometres southeast of the coastal

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