7 Largest Copper Mines in Zambia

Zambia’s economy is largely dependent on copper production – estimated at roughly 790,000 tons per year – and centered around the country’s mineral-rich Copperbelt Province.  Projections foresee an increase in production to 1 million tons by 2026, owing to new investment aimed at increasing production capacity. Holding over a tenth of global copper deposits, the Copperbelt region reinforces Zambia’s status as the world’s eighth-largest copper producer and fuels the nation’s economic growth and employment, contributing about 80% of

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Kefi Advances Tulu Kapi Gold Project in Ethiopia

Exploration and development company Kefi Gold and Copper (Kefi) has progressed with preparations to launch the Tulu Kapi Gold Project in Ethiopia. The launch is slated for mid-2024, with production expected to begin in mid-2026. Kefi secured commitments for a $320 million development budget from project partners and debt providers including the Ethiopian government, the Eastern and Southern Trade and Development Bank and Africa Finance Corporation. Final approvals for the funding are anticipated this May.

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Kosmos Energy Targets 50% Production Growth by Year-End

Energy major Kosmos Energy aims to increase production two-fold by the end of 2024, with milestones achieved across the company’s operations in Ghana, Equatorial Guinea and Senegal/Mauritania supporting this objective. According to the company’s Chairman and CEO Andrew G. Inglis, “Kosmos has had an active start to the year, continuing the operational and financial momentum we saw in 2023.” In Ghana, Kosmos Energy brought four wells online at the Jubilee Field in 2024, including one

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Licensing Rounds Fueling Sub-Saharan Africa’s O&G Expansion

Africa is making strides to expand its oil and gas reserves, with multiple countries introducing new licensing rounds and accelerating ongoing ones. Sub-Saharan Africa is expected to spearhead this growth, with more than 11 licensing rounds planned for 2024 and 2025. Nigeria Unveils 2024 Deepwater Bid Round The Nigerian Upstream Petroleum Regulatory Commission launched the Nigeria License Round 2024 in April 2024, offering 19 oil and gas blocks. The round includes 12 new oil blocks and seven

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Höegh LNG Secures Deal to Deploy FSRU in Egypt

Egyptian Natural Gas Holding Company (EGAS) has signed a 20-month agreement with energy infrastructure firms Höegh LNG and Australian Industrial Energy (AIE) to deploy a Floating Storage and Regasification unit (FSRU) in Ain Sokhna, Egypt. Höegh LNG will provide its FSRU unit, Hoegh Galleon, for use in Egypt from June 2024 to February 2025. Afterward, the unit will be deployed to Port Kembla in Australia under a 15-year contract with AIE.Top of Form Bottom of

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Renergen Initiates Helium Production at South Africa’s Virginia Gas Project

Renergen, an integrated renewable energy company, has commenced helium production at the Virginia Gas Project in South Africa’s Free State province. The project’s Original Equipment Manufacturer (OEM) has successfully cooled the helium cold box to the required temperature, allowing for the liquefaction of helium from the wells in batches. Following this milestone, the next steps involve ensuring all operating conditions meet standards, with a performance test scheduled by the OEM before transitioning the project into

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Endeavour Mining Starts Gold Production in Senegal

Multinational company Endeavour Mining has poured the first gold at its Sabodala-Massawa BIOX Expansion project in Senegal, completing construction in just 24 months. Commercial production at the expansion project is slated to commence late in Q2 2024, with a capacity expected to reach 1.2 million tons per year by Q3 2024. The inaugural gold pour took place on April 18, 2024, yielding approximately 112 ounces, while the BIOX circuit followed suit on April 28, 2024,

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AMEA Power Secures 20-Year PPA for Doornhoek Solar PV Project in South Africa

Renewable energy firm AMEA Power, headquartered in the UAE, has announced the signing of a 20-year Power Purchase Agreement (PPA) with Eskom, a major South African utility company, for the 120-megawatt Doornhoek Solar Photovoltaic (PV) Project. The project, awarded under Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), was developed by a consortium led by AMEA Power in partnership with local entities. AMEA Power holds the majority share in the

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China Dominates Global Investment in Solar Module Manufacturing

According to a report released today by the International Energy Agency (IEA), China maintained its stronghold on the global investment landscape in photovoltaic solar module manufacturing, accounting for 80% of global investment in 2023. The IEA’s findings suggest that China’s leadership in this sector is unlikely to change in the near future. The report paints an optimistic picture of the capacity of factories worldwide to produce solar installations necessary to achieve climate goals by 2030.

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Angola’s Oil Sector Sees Active Drilling Operations in March

In March, the National Petroleum, Gas and Biofuels Agency (ANPG) reported a total of 10 drilling units active in Angola’s oil sector, with significant progress across various operations. The standout performers among the active units were six drill ships: Sonandril West Gemini, Sonangol Libongos, Valaris DS-09, Sonangol Quenguela, Transocean Skyros, and Sapem 12000. Additionally, a Jack Up Shelf Drilling Tenaciou, a Tender SKD Jaya, a Tension Leg Platform TLP-A, and a FALCON HP-1000 land probe

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