Lucapa Diamond Company and its project Lulo partners, Endiama and Rosas & Petalas, have recovered 23 diamonds from a second sample from kimberlite L164 and 13 diamonds from kimberlite L056. Lulo kimberlite bulk sample KBS/164/02, totalling 365 m3 of kimberlite material was processed through the Lulo Kimberlite Bulk Sample Plant, yielding 16.32 carats at a recovered grade of 4.47 cphm3, with the largest diamond recovered weighing 2.38 carats. This is the highest grade yet recovered from
The global energy sector’s appetite for minerals, many of which can be sourced in Africa, is good news for the future of mining, and was an important focus at this year’s Investing in Mining Indaba in Cape Town, South Africa. However, despite the good news, the pressure on mines is still all about low-cost production. According to Ralf Hennecke, Managing Director of Omnia Group company BME, efforts to decarbonise the world economy are relying on energy technologies that
The oil industry in the DRC, with Perenco as the main operator, produced 8.430 million barrels of oil during the whole of 2022 against 8.355 million barrels in 2021, a slight drop in production of 25,000 barrels recorded from one year to another, according to figures from the Central Bank of Congo. For the past five years, oil production in the DRC has stagnated around 8 million barrels per year. Hence, the hope of increasing
Oil giant Total is the majority shareholder in Uganda’s first major oil drilling programme, writes Charlotte Cosset and Juliet Pietri for Radio France Internationale. Uganda discovered crude reserves estimated at 6.5 billion barrels, with 1.4 billion recoverable nearly two decades ago, in the western region in the Lake Albertine basin, Kingfisher and Tilenga oilfields. When production starts, it is estimated that nearly 200,000 barrels can be produced daily. To meet these targets, the project is divided into two parts. The first
Angola and Germany discussed, yesterday 15th February, at the Intercontinental Hotel, in Luanda, the basic conditions for the development of the National Hydrogen Strategy in Angola. A note states that the topic has been addressed since mid-2021, in various dialogue initiatives between the two countries, focused on energy transition and the opportunities that green hydrogen can offer the country. According to the Minister of Energy and Water, João Baptista Borges, hydrogen can make a very
The Democratic Republic of Congo (DRC) exported more than 11.6 million carats of diamonds during the year 2022, informs a report from the Ministry of Mines. These exports generated a total amount of 145.9 million US dollars, the same source indicates. Total production in 2022 is 10.255 million carats. Compared to that of the year 2021 which was 12.973 million carats, there is a drop of 2.717 million carats, or 20.94%. Diamond production in the Democratic
Crude oil prices started the week with a loss as traders await the latest inflation reading from the United States and the market prices in Russia’s stated plans to reduce oil production by half a million barrels. The Bureau of Labor Statistics is releasing its consumer price index report for January tomorrow but a revision of December figures released last Friday showed that CPI for the last month of 2022 actually increased instead of decreasing
The chairman of Endiama’s Board of Directors, José Manuel Ganga Júnior, congratulated Sociedade Mineira de Luachimo (SML) and its collective of workers for yet another year of existence, marked last Friday,10th February. In a note, on the occasion of the 6th anniversary of Sociedade Mineira de Luachimo, Ganga Júnior praises the efforts undertaken by its Management Board to maintain the mine’s production levels. The PCA of Empresa Nacional de Diamantes de Angola reiterated, on the
Security specialists, professionals and managers, managers of ports, maritime terminals and other operators, as well as port captaincies, recently participated in a round table on the theme “The importance of corridors in the growth of ports and the economy national” and at the symposium “Improving security in ports in Angola”. According to a document that JA had access to yesterday, 13 feb the two events were organized by the Association of Ports of Angola (APANG).
Botswana President Mokgweetsi Masisi warned on Sunday February 12th that his country could sever ties with South African diamond giant De Beers if talks to renegotiate a sales deal go unfavorable for his country. The 2011 sale agreement governing the terms of trade for diamonds produced by Debswana – a 50-50 joint venture between the government and De Beers – expired in 2021. It was extended by the parties, who cited the coronavirus outbreak as
