You are Here

Category: News

Diamonds Local News

Sociedade Mineira Yetwene Plans Diamond Production Surge in Lucapa

Sociedade Mineira Yetwene (SMY), situated in Lucapa municipality, Lunda-Norte province, aims to quadruple its monthly diamond production from three thousand to 13 thousand carats this year by introducing new treatment facilities. Vánia Ferreira, SMY’s advisor for Mining Development, disclosed this information recently, stating that the installation of four pre-treatment units with capacities ranging from 100 to 250 tons per hour is currently underway. This expansion will elevate the ore treatment capacity from 100 to 450

Loading

Read More Here

International News Oil

Nigeria Launches Oil Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched its 2024 licensing round that features 12 oil blocks, combined with 5 deep offshore assets from last year’s round. Available through January 2025, the acreage on offer includes but is not limited to 6 greenfield oil blocks situated on the continental shelf, 4 deep offshore blocks and 2 onshore blocks in the Niger Delta. The Commission is seeking to establish an investment-friendly environment by ensuring regulatory

Loading

Read More Here

International Exploration News Oil

Chariot Commences Oil Exploration in Morocco with RZK-1 Well

Transitional energy company Chariot has initiated drilling operations for the RZK-1 well, marking its first exploration well of 2024. Situated within Morocco’s onshore Loukos license, the Gaufrette prospect serves as the focal point for this drilling campaign. The primary objective of the drilling endeavor is to tap into an estimated 10 billion cubic feet (bcf) of natural gas resources. However, Chariot’s strategy includes plans to deepen the well in order to access potentially larger reserves.

Loading

Read More Here

Diamonds Local News

Lucapa’s Trio of Diamonds Fetches $10.5 Million in Angola

Australian mining company Lucapa has successfully sold three diamonds from the Lulo alluvial mine in Lunda Norte, Angola, fetching a total of $10.5 million. Facilitated by Angola’s state-owned diamond trading company Sodiam, the sale comprised a trio of diamonds totaling 361 carats, with an impressive average price of $29,000 per carat. Among the diamonds were one weighing 203 carats, another weighing 116 carats, and a third weighing 42 carats. Notably, the largest of the three

Loading

Read More Here

International Energy News

Mauritania and Saudi Arabia Forge Clean Energy Partnership

Mauritania and Saudi Arabia have inked a Memorandum of Understanding (MOU) aimed at fostering knowledge exchange and collaboration within the clean energy sector. The agreement covers a wide array of areas, including renewables, green hydrogen, power, and carbon capture technologies. The MOU was signed by Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud and Mauritanian Minister of Petroleum, Mines, and Energy Nani Ould Chrougha during a special session at the World Economic Forum in Riyadh

Loading

Read More Here

International Energy News

Genesis Energy and USAID Partner to Advance Climate Solutions in Africa

Genesis Energy, an energy infrastructure development firm, and the US Agency for International Development (USAID) have entered into an agreement to mobilize $10 billion towards renewable energy, nature-based solutions, and climate mitigation measures in Africa. The collaboration aims to harness private sector investment to assist countries in fulfilling their Nationally Determined Contributions under the Paris Agreement. Implemented under USAID’s Comprehensive Action Against Climate Change Initiative, the agreement spans the next five years. Gillian Caldwell, USAID’s

Loading

Read More Here

International Energy News

South Africa Introduces New Guidelines for Solar Energy Projects

South Africa’s Department of Forestry, Fisheries and the Environment (DFFE) has introduced fresh guidelines for solar photovoltaic (PV) and battery energy storage systems (BESS) developed in areas of “low” or “medium” environmental sensitivity. The guidelines represent a shift in South Africa’s renewable energy strategy, aiming to expedite renewable investments and project development while ensuring the protection of environmentally sensitive regions. In eligible zones, developers can streamline the environmental authorization (EA) process, reducing bureaucratic hurdles. Under

Loading

Read More Here

Local News Oil

China’s CNOOC Eyes Oil Investment Opportunities in Angola

China National Offshore Oil Corporation (CNOOC) is dispatching a delegation of senior executives to Angola to explore investment prospects in oil exploration, aligning with Angola’s goal of ramping up production to 1.18 million barrels per day (bpd). Despite a recent decline in exports, China is keen on enhancing investment in Angola’s exploration and production sector, reaffirming the long-standing energy ties between the two nations. Angola, a major oil supplier to China in sub-Saharan Africa, has

Loading

Read More Here

International Mining News

South Sudan Mining Minister Calls for Increased Sector Cooperation

South Sudan’s Minister of Mining Martin Gama Abucha has called for increased cooperation among African countries in the mining sector, ensuring that the continent’s mineral resources benefit local populations. The announcement was made ahead of a mining investment forum in Malawi and comes before the seventh edition of the South Sudan Oil & Power (SSOP) 2024 conference and exhibition, taking place in Juba on June 25-28. This year’s SSOP conference will feature the inaugural South

Loading

Read More Here

Diamonds International News

𝗗𝗘 𝗕𝗘𝗘𝗥𝗦 𝗦𝗖𝗔𝗟𝗘𝗦 𝗗𝗢𝗪𝗡 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗜𝗢𝗡 𝗧𝗢 𝗠𝗔𝗡𝗔𝗚𝗘 𝗜𝗡𝗩𝗘𝗡𝗧𝗢𝗥𝗬 𝗟𝗘𝗩𝗘𝗟𝗦

De Beers Group, the world’s leading producer of rough diamonds by value, strategically scaled down production in the first quarter of 2024 to manage its inventory levels amidst the gradual recovery of the market. Despite experiencing a significant drop in demand for rough diamonds globally in 2023, De Beers maintained its production guidance for that year, resulting in substantial stockpiling. The global diamond industry faced a major decline in 2023 following strong demand in the

Loading

Read More Here

1 … 108 109 110 111 112 … 229