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Category: Mining Projects

Corporate News Gold Mining Projects

Kavango Resources Identifies Key Structural Controls on Gold Mineralisation at Hillside Project in Zimbabwe

Kavango Confirms Shear Zone Gold Targets at Hillside Project in Zimbabwe’s Filabusi Greenstone Belt London-listed Kavango Resources has released its first technical update on the structural geology of its Hillside gold project, located in Zimbabwe’s Filabusi Greenstone Belt. The analysis, conducted in collaboration with Murgana Structural Consulting of Sofia, Bulgaria, provides valuable insight into the geological setting of three priority prospects: Nightshift, Bill’s Luck, and Steenbok. At all three sites, gold-bearing quartz veins have been

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Corporate News Gold Local Mining Projects

Tyranna Resources Secures Majority Stake in Promising Maongo Copper-Gold Project in Angola

Tyranna Resources Acquires 70% of Angola’s Maongo Copper-Gold Project Amid Growing Demand for Strategic Metals Tyranna Resources, an ASX-listed company, has signed agreements to acquire a 70% interest in the Maongo copper-gold project, located 25 km northeast of Namibe, Angola. The project comprises a single prospecting concession application covering 269 km², which is expected to be formally granted in the September 2025 quarter. The area hosts extensive historical mining infrastructure, including ore treatment sites, three

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Corporate News Local Mining Projects

Pensana Advances Longonjo Rare Earths Project with Expanded Processing Plant Site in Angola

Pensana Boosts Longonjo Rare Earths Project with Key Milestone, Driving Jobs and Economic Growth in Angola Rare earths developer Pensana has announced the successful completion of the expanded processing plant area at its Longonjo rare earths refinery project in Angola—marking a critical step forward in accelerating construction activities. Local stakeholders have shown strong support for the project, recognizing its potential to bring long-term economic growth and social development to the region. According to Pensana, the

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Corporate News Diamonds Exploration Local Mining Projects

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys

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Mining Projects Local News

Angola to Begin Copper Output at Mavoio Mine in September

The Mavoio copper mine, located in the municipality of Maquela do Zombo in Angola’s Uíge Province, is set to begin operations this September, entering its first phase of production with an expected output of 2,500 tons of copper per day. This marks a significant step for the country’s mining industry and regional development. According to a statement from the provincial government of Uíge, the mine has a total exploration capacity of 4,000 tons per day.

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Local Corporate News Mining Projects

Pensana Signs Rare Earth Offtake Deal with Toyota Tsusho to Boost Global Supply Chain

Rare earths developer Pensana has signed a five-year offtake agreement with Toyota Tsusho, a subsidiary of Toyota Group, for up to 20,000 tons per year of mixed rare earth carbonate from the Longonjo mine in Angola. Pricing details are yet to be finalized. Under the Memorandum of Understanding (MoU), the two companies aim to develop an independent and resilient rare earth supply chain. Toyota Tsusho intends to process the material at its facility in India,

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Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional shareholder M&G Investment Management, and an additional £1-million from other strategic investors. This new investment follows a recent $25-million injection by the Angolan sovereign wealth fund, Fundo Soberano de Angola, into Ozango Minerais, Pensana’s 84%-owned subsidiary. The funding has enabled the commencement of main construction works at the Longonjo rare earths project in Angola. Pensana holds an 84% interest in

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Corporate News Local Mining Projects Oil

Sintana Energy Expands into Angola with Strategic Stake in KON-16 Block

Sintana Energy Inc. has secured a new exploration opportunity in Angola through a strategic agreement that strengthens its position in West Africa’s energy sector. The agreement grants Sintana an indirect 5% interest in the KON-16 onshore block in Angola’s Kwanza Basin through a partnership with UK-based Corcel Plc. The collaboration also opens the door for both companies to pursue additional ventures across the region. As part of the deal, Sintana will invest $2.5 million—beginning with

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Local Mining Projects News

Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project

Pensana, a London-listed rare earths developer, has confirmed the terms and timeline for the first $25-million equity tranche from the Angolan Sovereign Wealth Fund. This follows the successful securing of full project financing for the Longonjo rare earths project in Angola. The funds will be used to commence main construction activities on-site. In addition, the Angolan Sovereign Wealth Fund has agreed to convert a previously issued $15-million bridging loan—provided over the past 18 months to

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International Gold Mining Projects

Burkina Faso Grants Nordgold License for New Gold Project Amid Shifting Alliances

Burkina Faso’s military-led government has granted an industrial mining license to Russian company Nordgold for the development of a new gold project. The move comes as the West African nation seeks to capitalize on record-high gold prices to strengthen an economy battered by ongoing insecurity, according to Reuters. Last year, Burkina Faso reaffirmed its commitment to deepening ties with Russia, emphasizing that the partnership extends beyond military cooperation. This latest development highlights the country’s growing

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