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Diamonds International News

DRC Restores Market Freedom to Revive Troubled Diamond Miner Sacim

The government of the Democratic Republic of Congo (DRC) has announced plans to revive Anhui Congo Investissement (Sacim), a diamond mining company located in Miabi, Kasaï Oriental. Sacim is a joint venture between the Congolese state and China’s Anhui Foreign Economic Construction Corporation. Despite producing approximately 250,000 carats of diamonds each month, the company has recently struggled with operational, managerial, and social challenges. According to DRC’s Minister of Mines, Kizito Pakabomba Kapinga Mulume, the crisis

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Exploration Gas International News

Egypt Opens 12 Gas Exploration Blocks to Attract Foreign Investment

Egypt has launched a new round of gas exploration opportunities, offering 12 blocks to international energy companies in a bid to boost domestic production and attract foreign investment. The Ministry of Petroleum and Mineral Resources announced the openings through its international bidding platform last week. The offering includes five offshore blocks and seven onshore sites, providing a strategic mix of exploration zones for potential investors. These 12 blocks are part of a broader licensing round

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International Gas News Oil

Uganda, Tanzania, and Zanzibar Sign Landmark Oil and Gas Cooperation Agreement

Uganda has signed a trilateral agreement with Tanzania and Zanzibar to strengthen regional cooperation in regulating the oil and gas sector. The move supports Uganda’s goal of producing its first oil by 2026, even as uncertainty persists over the timeline for its long-delayed refinery project. The agreement unites Uganda’s Petroleum Authority, Tanzania’s Petroleum Upstream Regulatory Authority (PURA), and the Zanzibar Petroleum Regulatory Authority (ZPRA) in a coordinated effort to enhance petroleum development across East Africa.

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International News Renewable Energy

Nigeria and Germany Launch €20 Million Renewable Energy Partnership

Nigeria and Germany have entered into a €20 million partnership aimed at accelerating Nigeria’s transition to renewable energy and supporting its broader clean energy objectives. The initiative will be implemented through the KfW Development Bank in collaboration with the Africa Enterprise Challenge Fund, according to the Nigerian Ministry of Budget and Economic Planning. This partnership features an initial €20 million grant and a formal project agreement focused on promoting environmentally sustainable development across Nigeria. The

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Diamonds International News

Russia Maintains Lead in Global Rough Diamond Production Value in 2024

Russia held onto its position as the world’s leading producer of rough diamonds by value in 2024, maintaining the top spot it secured for the first time in 2023, ahead of Botswana. Despite facing significant challenges—including ongoing sanctions from the United States and European Union, as well as a broadly weakened diamond market—Russia sustained its rough-diamond output at 2023 levels. The country produced 37.3 million carats in both 2023 and 2024. However, due to market

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Local News Transport and Logistics

Angola and France Deepen Strategic Transport Cooperation in Paris

Angola’s Minister of Transport, Ricardo Viegas D’Abreu, and France’s Minister Delegate for Transport, Philippe Tabarot, convened in Paris to enhance bilateral collaboration in the fields of transportation and infrastructure. The high-level meeting focused on several key areas of strategic importance: Civil Aviation: Discussions highlighted Air France’s operations in Angola and the expansion of TAAG Angola Airlines’ fleet with Airbus aircraft, aiming to boost connectivity and modernize the national carrier. Urban Mobility: Both nations emphasized the

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International News Renewable Energy

Zambia Launches $40 Million Solar Power Project to Energize Public Institutions

The Government of Zambia has formalized a $40 million partnership to deploy 50 megawatts (MW) of solar power across 209 public institutions in the Eastern Province, marking a major step toward the country’s clean energy transition. The initiative falls under the Presidential Solar Initiative, spearheaded by President Hakainde Hichilema, which aims to add 1,000 MW of solar energy to Zambia’s national grid by 2025. The agreement was signed between Zambian firm Accura Logistics and international

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International Gold News

Mali Begins Construction of Russia-Backed Gold Refinery to Assert Resource Sovereignty

Mali has officially begun construction of a new gold refinery backed by Russia, a move the country’s military leadership says will strengthen national control over its vast natural resources. The facility, which will have a refining capacity of 200 tons per year, is being built in partnership with Russia’s Yadran Group and a Swiss investment firm. The Malian government will maintain a controlling stake in the project. Speaking at the groundbreaking ceremony in Senou, near

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Economy Local News Transport and Logistics

Lobito Corridor Seen as Key Driver of Angola’s Economic Transformation

The Lobito Corridor is being regarded by members of the Benguela Business Alliance as a strategic route for the large-scale distribution of national production. This view was shared with Jornal de Angola by Adérito Areias, president of the Alliance. According to Areias, the infrastructure is expected to drive the country’s economic development by facilitating the movement of goods and promoting regional growth. “We must see the Lobito Corridor as a tool for development and take

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Local News Transport and Logistics

$15 Million in Environmental Funding Expected for Lobito Corridor by Year-End

A total of 15 million US dollars is expected to be made available by the end of this year to support environmental initiatives and projects along the Lobito Corridor, announced the Vice-Governor for the Technical and Infrastructure Sector on Monday in Cuito. According to José Fernando Tchatuvela, who shared the news during a meeting with a multi-sectoral delegation from the Angolan Government visiting Bié Province, the funding is part of a broader support initiative backed

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