Local News 22, March, 2025 London-listed Pensana has secured full financing of $268 million for the development of its Longonjo rare earth project in Angola, marking a significant step forward for the global magnet metal supply chain. The Africa Finance Corporation (AFC) has approved a... Pensana Secures Full Financing for Angola’s Longonjo Rare Earth Project 22, March, 2025 Australia-listed Lucapa Diamond Company has finalized its Mineral Investment Contract (MIC) for the Lulo Joint Venture (JV) in Angola, increasing its ownership stake to 51%. During a three-day meeting in Angola, the MIC committee and JV partners—including Endiama, Rosas &... Lucapa Secures Majority Stake in Angola’s Lulo Diamond Project 21, March, 2025 The exit of Russian diamond company Alrosa from Angola’s Catoca and Luele mines was officially finalized on Monday through the signing of three agreements between Endiama, Angola’s national diamond company, and Taaden, a state-owned mining company from Saudi Arabia. Endiama... Saudi Arabia’s Taaden Replaces Alrosa in Angola’s Diamond Sector 19, March, 2025 Angola’s National Agency for Petroleum, Gas, and Biofuels (ANPG) has signed a memorandum of understanding (MoU) with Vietnamese company Xuan Thiên Group (XTG) to explore the oil potential of the Etosha Okavango Basin. The agreement, signed in Luanda, marks a... Angola and Vietnam Strengthen Oil Exploration Efforts in Etosha Okavango Basin 19, March, 2025 Pancontinental has invested more than $5 million in the exploration of PEL 87 in Namibia’s Orange Basin during the first licence period. Awarded in early 2018, PEL 87 is a joint venture permit covering 10,970 km², with an eight-year exploration... Pancontinental Invests Over $5M in Namibia’s PEL 87 Exploration 18, March, 2025 Afentra plc has confirmed ongoing negotiations to acquire interests in Blocks 3/05 and 3/05A from Etu Energias, though a final agreement is not yet guaranteed. The company intends to finance the acquisition using existing cash reserves, pending regulatory and government... Afentra in Talks to Acquire Angolan Oil Blocks from Etu Energias 18, March, 2025 Libya has launched its first open licensing round in nearly two decades, offering 22 blocks for oil and gas exploration and development. The National Oil Corporation (NOC) is making available 11 offshore and 11 onshore acreages, with estimated undeveloped discoveries... Libya Opens First Licensing Round Since 2007 to Attract Global Investors 18, March, 2025 Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Norway’s Ambassador to Egypt Hilde Klemetsdal and Terje Pilskog, CEO of Norwegian renewable energy company Scatec, to discuss expanding cooperation in green energy. The talks focused on Scatec’s ongoing... Egypt and Norway Strengthen Energy Cooperation Advancing Green Ammonia Project Load More Share Facebook Twitter Pinterest Linkedin
22, March, 2025 London-listed Pensana has secured full financing of $268 million for the development of its Longonjo rare earth project in Angola, marking a significant step forward for the global magnet metal supply chain. The Africa Finance Corporation (AFC) has approved a... Pensana Secures Full Financing for Angola’s Longonjo Rare Earth Project
22, March, 2025 Australia-listed Lucapa Diamond Company has finalized its Mineral Investment Contract (MIC) for the Lulo Joint Venture (JV) in Angola, increasing its ownership stake to 51%. During a three-day meeting in Angola, the MIC committee and JV partners—including Endiama, Rosas &... Lucapa Secures Majority Stake in Angola’s Lulo Diamond Project
21, March, 2025 The exit of Russian diamond company Alrosa from Angola’s Catoca and Luele mines was officially finalized on Monday through the signing of three agreements between Endiama, Angola’s national diamond company, and Taaden, a state-owned mining company from Saudi Arabia. Endiama... Saudi Arabia’s Taaden Replaces Alrosa in Angola’s Diamond Sector
19, March, 2025 Angola’s National Agency for Petroleum, Gas, and Biofuels (ANPG) has signed a memorandum of understanding (MoU) with Vietnamese company Xuan Thiên Group (XTG) to explore the oil potential of the Etosha Okavango Basin. The agreement, signed in Luanda, marks a... Angola and Vietnam Strengthen Oil Exploration Efforts in Etosha Okavango Basin
19, March, 2025 Pancontinental has invested more than $5 million in the exploration of PEL 87 in Namibia’s Orange Basin during the first licence period. Awarded in early 2018, PEL 87 is a joint venture permit covering 10,970 km², with an eight-year exploration... Pancontinental Invests Over $5M in Namibia’s PEL 87 Exploration
18, March, 2025 Afentra plc has confirmed ongoing negotiations to acquire interests in Blocks 3/05 and 3/05A from Etu Energias, though a final agreement is not yet guaranteed. The company intends to finance the acquisition using existing cash reserves, pending regulatory and government... Afentra in Talks to Acquire Angolan Oil Blocks from Etu Energias
18, March, 2025 Libya has launched its first open licensing round in nearly two decades, offering 22 blocks for oil and gas exploration and development. The National Oil Corporation (NOC) is making available 11 offshore and 11 onshore acreages, with estimated undeveloped discoveries... Libya Opens First Licensing Round Since 2007 to Attract Global Investors
18, March, 2025 Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Norway’s Ambassador to Egypt Hilde Klemetsdal and Terje Pilskog, CEO of Norwegian renewable energy company Scatec, to discuss expanding cooperation in green energy. The talks focused on Scatec’s ongoing... Egypt and Norway Strengthen Energy Cooperation Advancing Green Ammonia Project
