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Category: Mining Projects

Corporate News Local Mining Projects

Pensana Strengthens Shareholder Support Ahead of Nasdaq Listing

Angolan Sovereign Wealth Fund Backs Pensana with Staged $15m Loan Conversion Ahead of Planned Nasdaq Listing The Angolan Sovereign Wealth Fund (FSDEA) has agreed to a staged conversion of a $15-million bridging loan into equity to manage its ownership percentage in London-listed Pensana, while enabling the introduction of new institutional investors ahead of the company’s proposed Nasdaq listing in mid-2026. In May, Pensana announced the terms and timing of an initial $25-million equity tranche, forming

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Corporate News Local Mining Projects

Pensana Secures $100 Million Strategic Investment to Advance Longonjo Project

Pensana Raises $100 Million to Accelerate US Mine-to-Magnet Rare Earth Supply Chain Strategy London-listed Pensana has completed a $100 million strategic investment to support the company’s US-focused mine-to-magnet supply chain strategy, strengthening funding for the development of its Longonjo rare earth project in Angola. Under the agreement, the strategic investor has subscribed for 95 million new ordinary shares, subject to confirmatory due diligence on the Longonjo project, shareholder approval for the share issuance, and regulatory

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Local Mining Projects News

Pensana Plans Major Boost in Heavy Rare Earth Production at Angola’s Longonjo Mine

Pensana Targets Fivefold Increase in Heavy Rare Earth Output at Longonjo Project Following a comprehensive review of the Longonjo processing flowsheet, London-listed rare earths producer Pensana says it has identified significant potential to increase the content of heavy rare earths in its high-value mixed rare earth carbonate (MREC) product by more than five times. The evaluation was launched in response to rising demand from offtake partners seeking secure supplies of both light and heavy rare

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Local Mining Projects News

Lead Mining Project Boosts Economic Prospects in Serra da Kanda

New Lead Mining Plant Begins Trial Operations in Serra da Kanda, Producing 500 Tons Daily A lead mining plant capable of producing 500 tons of lead per day has been operating on an experimental basis since the second half of this year in the Serra da Kanda municipality, Zaire province. According to Ana Matondo, the communal administrator of the newly established mountainous municipality, the plant is the result of private Chinese investment that began its

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Local Mining Projects News

Pensana Targets 1 Billion Tonnes at Angola’s Longonjo Rare Earth Project

Pensana Launches $11M Drilling Program to Expand Longonjo Rare Earths Resource Critical minerals company Pensana Rare Earths is preparing an $11-million drilling and metallurgical programme aimed at increasing the Joint Ore Reserve Committee (JORC)-compliant resource estimate at its Longonjo project in Angola to over one billion tonnes, potentially making it one of the world’s largest rare earths deposits. The programme, set to begin in early 2026, will include 25,000 metres of vertical core drilling to

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Local Mining Projects News

Angola to Fast-Track Mining Permits Amid Push for Investment

Angola Aims to Speed Up Mining Rights Approvals to Attract More Foreign Investment and Improve Sector Transparency Angola is preparing to shorten the timeframe required to award mining rights as part of a broader effort to attract greater investment into the country’s growing minerals sector. Minerals and Petroleum Minister Diamantino Azevedo said the National Agency of Mineral Resources (ANRM) must reduce bureaucracy, strengthen inspections, and accelerate the rollout of a digital mining registry to improve

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Corporate News Local Mining Projects

Pensana and Vacuumschmelze Forge Strategic Rare Earth Partnership to Strengthen Western Supply Chain

Pensana signs deal with Germany’s Vacuumschmelze to supply rare earths for U.S. magnet production ahead of 2027 China import ban London-listed Pensana has signed a memorandum of understanding (MoU) with Vacuumschmelze (VAC), a Germany-based global leader in magnetic materials and rare-earth permanent magnets, marking a major step toward building a resilient Western supply chain for critical minerals. VAC, through its newly commissioned eVAC Magnetics facility in Sumter, South Carolina, is spearheading efforts to boost domestic

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Local Mining Projects News

Angola to Launch Its First Major Copper Mine as Nation Pushes to Diversify Beyond Oil

Tetelo Copper Mine to Begin Production on October 29, Marking Angola’s Entry into Global Clean Energy Mineral Supply Angola’s first large-scale copper project, the Tetelo Mine, will officially begin production on October 29, government officials announced on Wednesday. The project marks a major milestone in the oil-rich African nation’s drive to diversify its economy and strengthen its role in the global transition to clean energy minerals. The $250 million Tetelo Mine is operated by Shining

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International Gold Mining Projects

Mali Secures First U.S. Mining Investment as Flagship Gold Revives Historic Morila Mine

Flagship Gold Partners with Mali’s SOREM to Restart Morila Mine in First U.S. Mining Investment Under New Code Mali has secured its first U.S. mining investment, marking a significant step in reviving one of the country’s most historic gold operations. Flagship Gold Corp., a United States-based mining company, has entered a strategic partnership with Mali’s state-owned Mineral Resources Research and Exploitation Company (SOREM) to restart production at the Morila gold mine—the first American-backed project under

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International Mining Projects News

Ivory Coast Expands Mining Sector with 11 New Exploration Permits

Ivory Coast Grants 11 New Mining Permits to Boost Gold, Cobalt, and Copper Production Ivory Coast, the world’s leading cocoa producer, is expanding its mining ambitions by issuing 11 new exploration permits for gold, cobalt, copper, and other minerals. The announcement was made by government spokesperson Amadou Coulibaly following a recent cabinet meeting. The West African nation is positioning itself as a stable and investor-friendly mining destination, contrasting with neighboring countries like Mali, Burkina Faso,

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