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Diamonds Local News

Angola’s Mining Minister Calls for Greater Attention to Global Diamond Market Challenges

28, February, 202528, February, 2025

Angola’s Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, emphasized the need for heightened attention to the challenges currently facing the global and African diamond industry. Speaking at the inauguration of the new headquarters of the African Diamond Producers Association (ADPA) in Luanda, Azevedo pointed to falling natural diamond prices, competition from synthetic diamonds, and increased pressure for diamond traceability as key issues affecting the sector. “We must adapt to this new landscape and

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Corporate News Diamonds Local

Angola’s SODIAM to Auction 36 Special Diamonds Online

28, February, 202528, February, 2025

Angola’s National Diamond Trading Company (SODIAM) will auction 36 special diamonds, weighing approximately 10.80 carats, in an online bidding process from March 5 to 12, 2024. According to a press release cited by Lusa, the auction is being organized in collaboration with Trans Atlantic Gem Sales. The auction will feature diamonds from several mines, including Luele (12 stones), Catoca (11), Kaipexa (6), Lulo (3), Chitotolo (2), Tchegi (1), and Somiluana (1). Bidding will close at

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Corporate News International Oil

Custos Energy Reports Major Oil and Gas Discovery at Mopane-3X in Namibia’s Orange Basin

28, February, 202528, February, 2025

Custos Energy has provided an update on the second exploration and appraisal campaign for Blocks 2813A and 2814B in Namibia’s Orange Basin, a rapidly emerging oil and gas hub. These blocks fall under Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia. Custos and Namibia’s National Petroleum Corporation (NAMCOR) each hold a 10% working interest in PEL 83. The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the

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Corporate News International Oil

OPEC Chief Urges Africa to Unlock Oil Potential Amid Global Energy Shift

28, February, 202528, February, 2025

OPEC Secretary-General Haitham Al-Ghais has called on Africa to capitalize on its vast oil reserves, which exceed 120 billion barrels, emphasizing the continent’s crucial role in the global energy landscape. Speaking at the Nigeria International Energy Summit 2025 in Abuja, Al-Ghais delivered a keynote address titled “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier.” The summit’s eighth edition is themed “Bridging Continents: Connecting Investors with Africa’s Energy Potential.” Al-Ghais highlighted Africa’s extensive natural gas reserves, estimated

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International News Oil

Fouta Refinery to Boost Congo’s Energy Security by 2025

28, February, 202528, February, 2025

The construction of the Fouta Refinery, located about 30 kilometers from Pointe-Noire, is on track for completion in 2025. The project aims to reduce Congo’s reliance on fuel imports, which totaled $140 million in 2023. Developed by Chinese firm Beijing Fortune Dingheng Investment, the refinery will have an annual production capacity of 2.5 million tons of petroleum products, including diesel and gasoline. Congo currently operates only one refinery, the Congolaise de Raffinage (CORAF) in Pointe-Noire,

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International Renewable Energy

AMEA Power to Develop 1,500MWh Battery Storage in Egypt

28, February, 202528, February, 2025

Dubai-based renewable energy company AMEA Power has signed agreements with the Egyptian government to develop standalone battery energy storage systems (BESS) with a total capacity of 1,500MWh. The project will see 500MWh installed in Zafarana and 1,000MWh in Benban, enhancing grid stability and supporting the integration of renewable energy sources. This initiative aligns with Egypt’s efforts to accelerate its energy transition. Hussain Al Nowais, Chairman of AMEA Power, stated that the project will not only

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Corporate News Local Oil

TGS Completes Reprocessing of 3D Seismic Data in Angola’s Block 16

28, February, 202528, February, 2025

Energy data and intelligence company TGS, in partnership with Angola’s upstream regulator, the National Oil, Gas & Biofuels Agency, has completed the reprocessing of the GeoStreamer MC3D seismic dataset for Block 16 in the offshore Lower Congo Basin. Covering 3,684 km², the dataset enhances imaging capabilities beyond the initial survey, enabling a more detailed evaluation of deeper target plays in both post-salt and pre-salt sections. The reprocessed data also partially covers marginal fields such as

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Corporate News Local Oil

Sonangol Reaffirms Plan for IPO to Strengthen Growth and Competitiveness

28, February, 202528, February, 2025

Angola’s national oil company, Sonangol, has reaffirmed its plan to launch an Initial Public Offering (IPO), offering 30% of the company’s shares to the public. This partial privatization aims to raise capital to support Sonangol’s exploration and production projects, as part of the government’s broader efforts to transform the company into a competitive upstream player. Although the IPO was initially scheduled for 2022, Sonangol CEO Sebastiao Martins confirmed that the company is now taking the

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Corporate News Gold International Mining

B2Golds Otjikoto Mine Record Production and Strategic Growth Plans for 2025

28, February, 202528, February, 2025

B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced

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Corporate News International Oil

BW Energy Progresses with Kharas Appraisal Well Drilling in Namibia

28, February, 202528, February, 2025

BW Energy has confirmed that the drilling program for the Kharas appraisal well in Namibia is on track for the third quarter of 2025. The company has received rig bids, and the selection process is currently underway. The Kharas appraisal well is located in the northern part of the Kudu licence, and BW Energy is collaborating closely with other operators in the Orange Basin to optimize the use of available resources. BW Energy holds a

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