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Category: Mining

Local Mining News

Minbos Signs MoU with Foskor for Phosphate Supply from Angola

Junior mining company Minbos has announced a nonbinding memorandum of understanding (MoU) with South Africa-based Foskor for a potential supply agreement from its Angola mine. Currently, Foskor sources phosphate rock for its Richards Bay phosphoric acid-based fertilizer plant from its mine in Phalaborwa. However, Minbos suggests Foskor is exploring additional supply sources. Under the MoU, a series of bulk samples and trials will assess Minbos’ phosphate rock for commercial suitability. Successful trials will lead to

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Local Economy Mining News

Angola Accelerates Mineral Sector Diversification to Boost Economic Growth

Jânio Corrêa Victor, the Secretary of State for Mineral Resources, emphasized last week in Luanda that Angola is committed to diversifying its mineral production to increase the sector’s contribution to more than 2% of the Gross Domestic Product (GDP). Speaking at the Aníbal de Melo Press Center during thematic sessions organized by the Ministry of Telecommunications, Information Technology, and Social Communication, Victor outlined the “Objectives and Main Projects included in the National Development Plan 2023-2027”

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Local Energy Mining Oil Renewable Energy

US Supports Angola’s Shift from Oil to Critical Minerals and Clean Energy

The United States is supporting Angola’s transition from an oil-dependent economy to a hub for critical minerals processing and clean power exportation, according to a senior US official. “Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,” stated US Assistant Secretary of State for Energy Resources Geoffrey Pyatt during an online media briefing on Tuesday. Angola, a leading crude oil producer in

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International Gold Mining

Top 10 richest mineral-producing countries in Africa

Africa is home to vast and abundant reserves of natural resources, with resources ranging from black gold popularly known as oil to large reserves of cobalt, found all across the mineral-rich lands of the Congo. Africa is home to nearly all valuable minerals that are essential to generating wealth, producing commodities, and advancing technology. Several African nations have prospered because of their mineral resources, some more so than others. Africa is home to approximately 30%

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Diamonds International Mining

Top 10 diamond producing countries in Africa

It is no secret that Africa is rich in valuable minerals crucial for economic development, ranging from extensive oil reserves to lush agricultural lands. The continent possesses about 30% of the world’s total mineral reserves, including gold, copper, platinum, cobalt, uranium, lithium, and more, all of which play pivotal roles in diverse industries, from electronics and infrastructure to energy production. What is fascinating is that these mineral riches are not concentrated in one specific region

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Local Exploration Mining Mining Projects News

ANPG to Launch Geological Mapping Project in Etosha/Okavango Basin

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

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Local Gas Mining Oil

Angola to Invest in Geological Staff Training to Enhance Mineral Exploration

Angola is prioritizing the technical training of its geological workforce to tackle the challenges of prospecting, discovering, and managing valuable mineral deposits. This commitment was reaffirmed at the recent opening of a seminar titled “Geological Workflow – Drilling to Geological Decision, Applied to the Oil and Gas Industry.” The event, co-hosted by the Geological Institute of Angola (IGEO) and Seequent, brought together industry professionals for a two-day discussion on mining challenges in Angola. Importance of

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Diamonds Local Mining News

Lucapa Diamond Company Unearths 195-Carat Diamond at Lulo Mine in Angola

Lucapa Diamond Company has recovered a 195-carat, type IIa rough diamond from its Lulo alluvial mine in Angola, marking a significant addition to its collection of large diamonds. This find, announced on Tuesday, is the sixth-largest diamond discovered at Lulo since operations began in 2015 and the fourth diamond over 100 carats recovered this year. This discovery follows the unearthing of a 203-carat, type IIa rough diamond in March, processed from stockpiled ore at the

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Local Exploration Mining Mining Projects News

Pensana Applauds Angola’s Policy Advancements and Rising Exploration Potential

London-listed Pensana has praised the Angolan government for its attractive policies and growing interest in the country’s exploration potential. This comes as Angola saw a notable improvement in its ranking to 47th out of 86 countries in the 2023 Investment Attractiveness Index, up from 59th out of 62 countries in 2022. The Investment Attractiveness Index, produced annually by the Fraser Institute, combines the Policy Perception Index and the Best Practices Mineral Potential Index. It evaluates

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Local Gas Mining News Oil

Diamantino Azevedo Calls for Increased Investment in Angola’s Mineral Resource Processing

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, emphasized the urgent need for greater investment in the transformation of Angola’s mineral resources through the construction of more processing factories. Speaking at the IX Extended Consultative Council in Cuito, Bié province, Azevedo highlighted the critical issue of Angola and Africa being predominantly raw material producers, exporting these materials to industrialized nations that reap the maximum benefits. “Currently, our country still imports around 20 percent

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