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Category: Mining Projects

International Gold Mining Projects

Zimbabwe’s Mutapa Investment Fund Seeks $250 Million to Expand Gold Mining Operations

Zimbabwe’s Mutapa Investment Fund Targets $250 Million Financing to Boost Gold Production Mutapa Investment Fund is seeking to raise $250 million to expand its gold mining operations as part of a broader strategy to strengthen Zimbabwe’s mining sector and increase output of one of the country’s key export commodities. The state-owned sovereign wealth fund, which controls Mutapa Gold Resources, has already initiated discussions with local financial institutions. The first phase of the financing plan involves

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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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Corporate News Local Mining Projects

Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project

Angola Secures $165M Investment for Longonjo Rare Earth Project, Boosting Africa’s Strategic Supply Chain Mining company Pensana has secured a $165 million strategic equity investment from rare earth-focused investment platform Cascade Natural Resources to accelerate its Longonjo rare earth project in Angola. This funding unlocks a complementary $160 million debt package supported by the U.S. Export-Import Bank (EXIM), positioning the project on track for its 2027 production target and enabling a broader capital plan exceeding

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Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine Global rare earths investment platform Cascade Natural Resources has increased its strategic investment in London-listed Pensana to $165 million, strengthening support for the company’s US-focused mine-to-magnet supply chain strategy. Cascade had initially committed $100 million, but the revised agreement expands the investment to accelerate development of key rare earth assets, particularly the Longonjo Rare Earths Project in Angola. Under the

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Local Mining Projects News Oil

Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province

MIREMPET Evaluates Solid Minerals and Hydrocarbon Potential in Icolo & Bengo Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) on Monday reviewed the mineral, oil and gas potential of Icolo e Bengo during a high-level meeting with provincial officials and sector technicians. The session, led by Minister Diamantino Azevedo, focused on assessing ongoing activities in the province and identifying mechanisms to strengthen institutional coordination, regulatory oversight and sector development. According to the minister, as one

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Local Corporate News Mining Projects

Sonangol Eyes Critical Minerals as Profits Dip Amid Oil Sector Challenges

Angola’s Sonangol Plans Diversification into Critical Minerals Following 2025 Profit Decline Sonangol, Angola’s state-owned oil giant, announced on Wednesday plans to diversify into critical minerals, even as it reported a slight decline in net profit for 2025. Executives revealed that Sonangol posted net earnings of over $750 million in 2025, down from roughly 736 billion kwanzas in 2024 equivalent to about $807 million at current exchange rates. The conglomerate, which holds stakes in multiple offshore

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Local Mining Projects

Angola Eyes BHP Return as Mining Reforms Attract Global Investors

Angola Expects BHP Reinvestment as Mining Reforms Boost Foreign Investor Confidence Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas, said he expects BHP Group to reinvest in the country, citing growing foreign interest driven by sector reforms. In an Interview, Azevedo noted that BHP Australia’s largest mining company has expressed strong interest in returning to Angola nearly two decades after exiting the market. Reform-Driven Investment Appeal During engagements with Australian investors at the

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International Diamonds Mining Projects

Botswana Accelerates Exploration Drive as It Seeks to Diversify Beyond Diamonds

Botswana Expands Mining Exploration Strategy to Reduce Diamond Dependence and Target Critical Minerals Botswana is preparing to significantly increase mining exploration activity including the search for critical minerals as it moves to reduce its long-standing dependence on diamonds. Mines Minister Bogolo Joy Kenewendo announced on Tuesday that the government plans to survey the approximately 70% of the country’s territory that remains geologically unexplored. The Southern African nation, widely regarded as one of Africa’s most stable

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International Gold Mining Projects

Power Metal Resources Advances Tati Gold Project with Key Approvals and Next-Phase Preparations

Power Metal Resources Secures Environmental Approval and Prepares for Drilling at Tati Gold Project in Botswana AIM-listed Power Metal Resources, together with its option partner Tuscan Holding and its in-country operations team, has completed critical preparatory work for the next phase of activity at the company’s 100%-owned Tati Gold Project. The project is located on the highly prospective Tati Greenstone Belt near Francistown, Botswana. The progress follows the share option agreement entered into with Tuscan

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Diamonds Gold International Mining Projects News

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated

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