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
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%
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
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
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
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
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
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
Independent upstream oil and gas company Invictus Energy Limited has signed an MoU with mine operator Dallaglio Investments and power generation firm Himoinsa Southern Africa Proprietary for a gas-to-power project in Zimbabwe. The project will generate electricity to power operations at the Eureka Gold Mine – one of the country’s largest. Under the partnership, gas extracted from the Cabora Bassa Project will fuel operations at Eureka – located 50km from the Mukuyu-2 wellsite. The African
The Beira corridor stands as a critical fuel supply route for Zimbabwe and a primary transit pathway for fuels heading to Zambia and the Katanga region of the Democratic Republic of the Congo. Integral to the region’s energy infrastructure are the combined assets of CFM (Port of Beira operator), CPMZ (Mozambican pipeline operator), PZL (Zimbabwean pipeline operator), and NOIC (Zimbabwe’s government-appointed shipper). Their efficient operation ensures energy security for Mozambique and the landlocked nations along
