Angolan Mining Oil & Gas - Page 10 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Lucara Seeks TSX Hardship Exemption for C$165m Dilutive Financing

23, January, 202623, January, 2026

Lucara Applies for TSX Hardship Exemption to Complete C$165m Private Placement for Karowe UGP Diamond producer Lucara Diamond Corp has applied to the Toronto Stock Exchange (TSX) for a financial hardship exemption that would allow it to complete a highly dilutive C$165-million private placement without shareholder approval, citing severe liquidity constraints and the risk of disruption to its Karowe Underground Project (UGP) in Botswana. The application relates to Lucara’s previously announced non-brokered equity private placement,

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Diamonds International News

Botswana’s Diamond Stockpile Swells as Low Prices Weigh on Economy

23, January, 202623, January, 2026

Botswana Diamond Stockpile Nearly Doubles Target Level Amid Prolonged Price Slump Botswana’s diamond stockpile has grown to nearly double its target inventory level as persistently low prices continue to limit production growth, constraining the country’s ability to stimulate economic activity in the short term, the finance ministry has said. According to the ministry, Botswana’s economy is expected to contract by almost 1% in 2025, following a 3% decline in 2024, largely as a result of

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Local Corporate News Mining Projects

Pensana Advances Longonjo with 7 000 m Infill Drilling Programme

23, January, 202623, January, 2026

Pensana Launches 7 000 m Infill Drill Programme at Longonjo Rare Earths Project in Angola London-listed Pensana has commenced preparations for a 7 000 m infill drilling programme at its Longonjo rare earths project in Angola, marking another step toward mine development. The drilling programme is designed to deliver detailed geological and grade control data ahead of the planned start of mining and stockpiling or blending activities in early 2027. It will run in parallel

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International Gas News

AfDB Approves $150 Million Loan for Mozambique’s Coral North FLNG Project

22, January, 202622, January, 2026

African Development Bank Backs Mozambique’s Coral North FLNG Project with $150 Million Loan The African Development Bank (AfDB) has approved a $150 million senior loan to support the Coral North Floating Liquefied Natural Gas (FLNG) Project, a major offshore energy development in Mozambique. The decision was endorsed by the AfDB Board of Directors on 14 January. Coral North FLNG builds on the success of the Coral South FLNG project, which began operations in 2022. The

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International Renewable Energy

Soleos Energy Targets Large-Scale Solar Investment in Zambia

22, January, 202622, January, 2026

Soleos Energy Plans Up to 5,000MW Solar Power Investment in Zambia by 2030 Soleos Energy Limited, a global solar power developer, in partnership with Zambia’s Octane Investment Limited, has expressed strong interest in developing 1,000 megawatts (MW) of solar power generation capacity in Zambia by 2030, with plans to scale the investment to as much as 5,000MW over the long term. The proposed solar power project is expected to be implemented in Zambia’s Central Province,

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International News Oil

Kenya Moves to Privatise State Oil Pipeline Operator in Landmark IPO

22, January, 202622, January, 2026

Kenya Launches $825 Million Oil Pipeline IPO as Government Accelerates Privatisation Drive Kenya has launched the sale of a 65% stake in its state-owned oil pipeline operator, targeting proceeds of 106.3 billion shillings (approximately $825 million) in what is set to become East Africa’s largest initial public offering (IPO) denominated in local currency. The offering is a central pillar of President William Ruto’s broader strategy to divest from state-owned enterprises and relieve mounting pressure on

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Corporate News International Oil

Shell Revives Nigeria’s Bonga South West-Aparo Project with New FPSO Tender

21, January, 202621, January, 2026

Shell Restarts Work on Nigeria’s $12 Billion Bonga South West-Aparo Deepwater Oil Project Shell Plc has restarted preparatory activity on Nigeria’s long-delayed Bonga South West-Aparo offshore oil project by launching a new tender process for a floating production, storage, and offloading (FPSO) unit, signaling renewed momentum for one of the country’s largest undeveloped deepwater prospects. The tender, initiated by the British energy major as part of early-stage project work, relates to the Bonga South West-Aparo

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International News Oil

Uganda Moves Closer to $4 Billion Oil Refinery with UAE-Backed Partner

21, January, 202621, January, 2026

Uganda Advances $4B National Oil Refinery Project to Strengthen Regional Fuel Supply Uganda’s long-awaited national oil refinery has entered a critical phase, with the government nearing a $4 billion partnership with UAE-backed investor Alpha MBM Investments LLC, a development that could transform fuel supply dynamics across East Africa. After more than a decade of delays, the project is progressing toward a Final Investment Decision (FID), expected by July 2026, following the signing of key agreements

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Gold International News

Uganda’s Gold Exports Soar, Surpassing Coffee to Become Top Foreign Exchange Earner

21, January, 202621, January, 2026

Uganda’s Gold Exports Jump 76% to $5.8 Billion, Overtaking Coffee as Leading Export Uganda’s gold exports surged by 75.8% in 2025, reaching approximately $5.8 billion, marking a rapid transformation in the country’s export profile as gold overtook coffee as the leading source of foreign exchange. Data from the Bank of Uganda show shipments rose from about $3.3 billion in 2024, driven largely by record international gold prices that attracted new traders into the sector. Adam

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International Oil Petroleum

Senegal Cancels Atlas Oranto Petroleum License Over Inactivity and Financial Defaults

21, January, 202621, January, 2026

Senegal Revokes Cayar Offshore Shallow License from Atlas Oranto Petroleum The Senegalese government has officially withdrawn the Cayar Offshore Shallow exploration license from Atlas Oranto Petroleum, citing the company’s failure to provide required bank guarantees and limited exploration activity since the block was awarded in 2008, despite multiple deadline extensions. The offshore license covers approximately 3,600 square kilometers north of the Dakar peninsula. Industry data indicate the area is oil-prone but remains largely unexplored, with

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