The National Agency for Oil, Gas, and Biofuels (ANPG) has announced that the Agogo Full Field (Block 15/06), CLOV (Block 17), Begonia (Block 17/06), Greater Infills, Plutonium (Block 18), and KARI (Block 32) projects will begin production in 2025. These are among the key assets to help maintain oil production above one million barrels per day until 2027, as outlined in the ANPG’s report presented at the X Consultative Council of the Ministry of Mineral
The Chinese-owned company Saint Base Indústria Mineira, Lda, has unveiled its quartz mining project in the municipality of Conda, Cuanza-Sul province. The project will exploit a quartz deposit in the Kissasa region, located eight kilometers from the municipal center, covering an area of 400 hectares. It is expected to operate for an initial renewable term of ten years with an estimated investment of $20 million. At the project presentation on Thursday, Yu Zhihobhui, Chairman of
Triton Minerals Ltd (ASX:TON) has entered into a binding Memorandum of Understanding (MOU) to acquire up to 80% of the Aucu gold and copper project in Mozambique’s central-west Tete province. Spanning 588 square kilometers, the project is strategically located near existing infrastructure and active gold and coal mining operations. It lies approximately 45 kilometers from Tete, the provincial capital, and just 200 kilometers south of Africa Lion Gold’s Chifunde Gold project. The area’s well-established mining
Pensana Plc (PRE.LSE) has announced the successful acquisition of $3.4 million in Technical Assistance grant funding from the U.S. International Development Finance Corporation (DFC), America’s development finance institution. The grant, part of the U.S. BUILD Act, will support feasibility studies aimed at expanding the capacity of the Longonjo mine and advancing the Coola project in Angola. The funds are designated for key projects, which, upon successful completion of feasibility studies, could receive additional loan funding
On August 14, 2024, in Malabo, Nigeria’s President Bola Tinubu and Equatorial Guinea’s President Teodoro Mbasogo signed a significant agreement on the Gulf of Guinea Pipeline Project, enhancing their collaborative efforts for mutual development. This agreement is a key element of South-South cooperation, aimed at leveraging the rich gas reserves in the Gulf of Guinea, estimated at approximately 300 trillion cubic feet (tcf). Currently, six countries in the region—Nigeria, Côte d’Ivoire, Angola, Gabon, the Republic
Angola is currently undertaking 38 gold prospecting projects worth $120 million and is developing a refinery expected to be operational by 2025, according to the Minister of Mineral Resources, Oil, and Gas. The announcement was made during the 1st edition of “Conversations without Makas,” an event promoted by economist Carlos Rosado de Carvalho. “We are building a gold refinery in Luanda. Production is still very small, but the potential is great in several provinces,” the
Angola is set to significantly boost its revenue streams with the commencement of production at the Lombe Mining and Mapele gold exploration projects in Cabinda and Huíla provinces this semester. These projects recently received prospecting approvals from the National Agency for Mineral Resources (ANRM). According to the ANRM’s report, a subsidiary of the Ministry of Mineral Resources, Oil and Gas, four new exploration projects for ferrous and non-ferrous metals are expected to enter production by
The Council of Ministers of Côte d’Ivoire has awarded a mining permit for the Koné project to Montage Gold Corp, marking a significant step forward for the company in the region. Montage received mining permits covering a total area of 357 sq km for both its Koné and Gbongogo deposits, valid for 20 years and 8 years respectively. These permits include several advanced high-grade exploration targets, offering opportunities to extend the mine’s life through successful
Rare earths mining company Pensana has announced the appointment of Luigi Bruni as the construction manager for the site team at the Longonjo rare earths project in Angola. Bruni brings extensive experience to the project, having served as construction manager for 15 international mining and oil and gas projects over the past 20 years. Recently, containerized accommodation facilities for 350 personnel arrived in Angola from South Africa via sea, rail, and road. The successful confirmation
The National Oil, Gas and Biofuel Agency (ANPG) is gearing up to launch the first phase of a significant project in southern Angola. The initiative, titled “Geological Mapping and Demining Study Project,” will focus on the Etosha/Okavango Basin, spanning the provinces of Moxico, Cuando Cubango, and Cunene. This project aims to assess the oil and hydrocarbon potential within the basin. Initial areas of interest include Chiedi in Namacunde municipality and Ruacana in Curoca, both located
