As one of the key strategic fuel storage facilities under Botswaba Oil , the Francistown Depot which services the northern part of Botswana is currently under expansion to add additional 60 million liters to the existing 38 million litres. On Monday , the Minister of Minerals and Energy, Hon. Lefoko Moagi, along with the Acting Permanent Secretary, Dr. Obakeng, the Director of Energy Mr. Midas Sekgabo, the Botswana Oil Board Chairman Mr. Martin Makgatlhe and
Furi Mining Company is setting its sights on a diamond production goal of approximately 24,000 carats by 2025, announced Eduardo Dico, the Deputy Director of Mining Operations, during the celebration of Mining Workersβ Day on April 27. Established in 2021, the mine operates within the concession areas of Cambulo and Chitato in the Lunda Norte province. Currently, it yields around 14,000 carats of diamonds monthly and employs a workforce of 772 national workers alongside four
he Board of Directors of the Institute of Industrial Projects is already in place. The act of taking office was led by the Chairman of the Board of Directors of ENDIAMA- EP, Ganga JΓΊnior, at a ceremony held on Wednesday 17th in Catoca Village, Saurimo- Lunda Sul province. On the occasion, Ganga JΓΊnior considered the creation of INPROITEC to be a great achievement for the Angolan mining sector. βThe aim is to have the mining
The technical-scientific conference on Mining Workersβ Day, observed on April 27, commenced with a round table discussion focusing on the theme “History of Leadership in the Mining Sector.” Esteemed speakers, including industry leaders like Ganga JΓΊnior, Paulino Neto, EugΓ©nio Bravo da Rosa, and Jacinto Rocha, shared pivotal moments from their extensive careers spanning over 40 years in the sector. The event, attended by students and professionals, was organized under the guidance of Secretary of State
PetroAngola, under the leadership of Chairman PatrΓcio Quingongo, is urging Angolan entrepreneurs to explore the potential business opportunities emerging from the Zone of Common Interest (ZIC) between Angola and the Democratic Republic of Congo (DRC). Quingongo believes that this initiative presents a unique chance for Angolan companies to spearhead significant segments of the oil market in the DRC. With a keen understanding of the Democratic Congo market, PetroAngola sees Angolans playing a pivotal role, leveraging
Mozambique’s Minister of Mineral Resources and Energy, Carlos Zacarias, has indicated that the current economic climate is conducive to the return of French multinational TotalEnergies to the Rovuma Basin Area 1 liquefied natural gas (LNG) project in Cabo Delgado province. Minister Zacarias emphasized that while market conditions and other factors may cause delays in project resumption, the prevailing situation suggests a favorable environment for TotalEnergies’ return. Security remains a primary concern, with TotalEnergies’ declaration of
South Africaβs Minister of Mineral Resources and Energy Gwede Mantashe has published the countryβs draft Gas Master Plan (GMP2024) for public comment. Members of the public, stakeholders and industry experts are invited to give input until by no later than 15 June, 2024. βTo mitigate against gas supply shortages between 2026 and 2030, it is quite urgent to engage within the region to establish enablers that could unlock additional supply potential,βΒ the draft plan says. South
Afentra, an upstream oil and gas company, has received approval from the Angolan government to acquire a 12% stake in Block 3/05 and a 16% share in Block 3/05A from international energy firm Azule Energy. The acquisition process between Afentra and Azule Energy is in its final stages, with expectations to conclude the deal within the second quarter of 2024. Notably, the Angolan government has designated the Punja Development Area, located in Block 3/05A, as
EgyptΒ has announced temporary cuts to its liquefied natural gas (LNG) exports starting from May to address power shortages anticipated during the summer months. The moveΒ aims to increase gas availability within the country to meet rising electricity demands, amidst recurring power outages. The Ministry of Electricity estimates a daily requirement of approximately 105 million m3 of natural gas, along with 10,000 tons of diesel, with demand expected to surge to 135 million m3 of gas as temperatures rise
Anglo American is considering a sale of De Beers according to an article in the Wall Street Journal (WSJ) quoting βpeople familiar with the matter.β The diamond group has under-performed recently as the global diamond market has not recovered in terms of sales volumes and prices as expected. De Beers announced on Tuesday that it would cut its production forecast for 2024 by 10% to between 26m carats and 29m carats with Anglo CEO Duncan
