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Mining International News Oil

Canadian Natural Resources Eyes Significant Bitumen Output Increase at Horizon Oil Sands Mine

Canadian Natural Resources, Canada’s largest oil and gas producer, revealed plans on Thursday to explore opportunities for a substantial boost in bitumen output at its primary oil sands mine, Horizon. President Scott Stauth announced a potential expansion of 195,000 barrels per day (b/d) at the Horizon mining and upgrading plant in northern Alberta, surpassing earlier projections of 75,000 b/d. The company aims to leverage advanced engineering and scaling processes to enhance production capabilities. Currently, Horizon

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Local Diamonds Mining News

Mining sector controls 558 concession titles

Yesterday in Luanda, Mankenda Ambroise, a consultant to the Minister of Mineral Resources, Oil and Gas (MIREMPET), delivered key insights at the 3rd Mining Business Forum in Angola, themed “Innovation and Sustainability: Towards Industry Transformation Minas Gerais.” The forum, scheduled to conclude today, serves as a platform to address challenges and opportunities in Angola’s mining sector. Ambroise, speaking on behalf of Minister Diamantino Azevedo, highlighted the ongoing efforts to diversify mineral production in Angola and

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Mining International News

Nigeria Revokes Dormant Mining Titles to Boost Sector Transparency

Nigeria’s Minister of Mines announced the immediate revocation of 924 dormant mining titles, urging investors to apply for the affected licenses under a “first come, first served” basis, as part of ongoing efforts to streamline the country’s mining sector. The revoked titles consist of 528 exploration licenses, 20 mining leases, 101 quarry licenses, and 273 small-scale mining licenses, according to Mines Minister Dele Alake. This move follows the revocation of over 1,600 mining titles in

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Local Exploration Gold Mining News

Gold Exploration in Angola Shows Promising Growth

Gold exploration in Angola has seen significant progress, occupying 4.9 percent of the national territory and generating over $10 million in revenue from 2021 to 2023, according to data from the Department of Standardization and Good Practices of the Regulation and Markets Directorate of the National Mineral Resources Agency. Jornal de Economia & Finances reported that 38 mining titles have been issued for gold prospecting in provinces including Huambo, Huíla, and Cabinda, with 11 mining

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Local Mining News

Angola-Japan Partnership Boosts Geological Studies with $3 Million Aid

The Geological Institute of Angola (IGEO) is set to enhance its geological studies across the country, thanks to a generous non-refundable financial aid of three million dollars from Japan. The announcement was made by the Secretary of State for International Cooperation and Angolan Communities during the signing ceremony of the Exchange of Notes on the Implementation of the Economic and Social Development Program in Mineral Resources. The aid, part of the Cooperation Protocol between IGEO

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Local Mining News

Pensana Appoints Benedito Dumbo as Longonjo Rare Earths Mine Site Manager

London-listed rare earths miner Pensana has named Benedito Dumbo as the site manager for the Longonjo rare earths mine in Angola, marking a significant step ahead of the project’s main construction phase. Dumbo, a native of Luanda, Angola, brings three years of experience as a mining engineer dedicated to the project’s development. His expertise spans various crucial areas, including drilling, logging, fleet management, and maintenance systems. Graduating from the Camborne School of Mines, part of

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Economy Gold Mining Oil

Nigeria’s mineral wealth offers economic growth beyond oil

Mining minerals presents Nigeria with an opportunity to diversify its economy away from its heavy reliance on oil exports. Africa’s most populous country (228mn people) has an abundance of mineral resources. It boasts more than 40 mineral deposits — including kaolinitic clay, gold, gypsum, iron ore, lead, zinc, phosphate and tin across more than 500 sites in its 36 states. Baryte, bitumen, coal, gold, iron ore, limestone, lead, zinc and coal have been identified by

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Local Mining News

Angola’s Minbos Resources Secures $14M Debt Facility from IDC

Development finance institution the Industrial Development Corporation (IDC) of South Africa has approved a $14 million debt facility for the construction of the Cabinda Phosphate project in Angola. Mineral exploration and development company Minbos Resources – the project’s developer – has received credit committee approval for the funds, enabling the company to kickstart development. The IDC funding will cover the majority of the project’s total cost – estimated at $24 million – with the remaining

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International Gold Mining

South Sudan Govt to Establish Mining Marketing Stations

South Sudan’s government has announced its plans to work with Qatari gold firm United Gold Factory to establish mining marketing stations in mineral-rich areas in the country. The marketing stations will be used to organize small-scale mining enterprises in South Sudan and facilitate the trade of refined extractive resources. The marketing stations will also serve to formalize the mining sector, improving working conditions and hours, wages as well as health and safety concerns. In addition

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Diamonds Local Mining News

Insights from Benedito Manuel on the Luele Mine

Benedito Manuel, the General Director of Sociedade Mineira de Catoca, recently highlighted the significance of the Luele mine project in the province of Lunda Sul. He emphasized that it’s an ENDIAMA initiative, with Angolan managers from Catoca leading the entire process, from discovery to mine layout. In an interview with EXPANSÃO newspaper, Manuel underscored Catoca’s pivotal role as a “special technical arm” of the Angolan National Diamond Company, particularly in advancing the nation’s diamond sub-sector.

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