Vital Industry News
Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns Petra Diamonds Restructures South African Operations as Nearly 1,800 Jobs Come Under Threat Italy Supreme Court Acquits Prosecutors in Eni-Shell OPL 245 Oil Block Case, Ending Long-Running Legal Battle Dangote Refinery Drives Sharp Decline in West African Fuel Imports Zambia and US Expand $491 Million Grant Programme to Support Lobito Corridor Infrastructure Ghana Weighs Transfer of Gold Fields’ Tarkwa Mine to Local Firms as Lease Expiry Nears Qatar-Backed Cascade Strengthens Rare Earth Ambitions with Board Appointment and Pensana Investment De Beers Sale Nears Completion as Anglo American Pushes Diamond Unit Toward Landmark Deal Zimbabwe Approves Second Gold Refinery in Bulawayo to Support Rising National Output Lobito Atlantic Railway Restarts DRC Copper Shipments Following Flood Damage Repairs
International News Oil

Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns

Corporate News Diamonds International

Petra Diamonds Restructures South African Operations as Nearly 1,800 Jobs Come Under Threat

International Corporate News Oil Petroleum

Italy Supreme Court Acquits Prosecutors in Eni-Shell OPL 245 Oil Block Case, Ending Long-Running Legal Battle

More Angolan Mining News

International News Oil

Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns

IMF Warns Strait of Hormuz Disruption Could Trigger Global Oil Supply Shock and Price Spikes…
Corporate News Diamonds International

Petra Diamonds Restructures South African Operations as Nearly 1,800 Jobs Come Under Threat

Petra Diamonds Puts Finsch Mine Into Business Rescue, Retrenchments at Cullinan Could Threaten 1,800 Jobs…
International Corporate News Oil Petroleum

Italy Supreme Court Acquits Prosecutors in Eni-Shell OPL 245 Oil Block Case, Ending Long-Running Legal Battle

Italy’s Top Court Clears Prosecutors in OPL 245 Case, Marking New Twist in Nigeria’s Biggest…
International Corporate News Oil Petroleum

Dangote Refinery Drives Sharp Decline in West African Fuel Imports

Dangote Refinery Reshapes West Africa’s Fuel Market as Imports Plunge and Trade Routes Shift The…
Local News Transport and Logistics

Zambia and US Expand $491 Million Grant Programme to Support Lobito Corridor Infrastructure

Zambia, US Redirect Part of $491 Million Agriculture Grant to Boost Lobito Corridor and Critical…
Gold International News

Ghana Weighs Transfer of Gold Fields’ Tarkwa Mine to Local Firms as Lease Expiry Nears

Ghana Considers Local Takeover of Gold Fields’ Tarkwa Mine as Government Pushes to Boost Mining…
Corporate News International Oil

TotalEnergies Reaffirms Commitment to Namibia’s Emerging Oil Sector

Patrick Pouyanné, Chief Executive Officer of TotalEnergies, paid a courtesy visit to Namibian President Netumbo Nandi-Ndaitwah in Windhoek on Friday, reaffirming the company’s commitment to exploring and investing in Namibia’s growing oil sector. During the meeting, President Nandi-Ndaitwah expressed optimism about recent offshore oil discoveries, describing them as timely and significant for Namibia’s economic future. Pouyanné highlighted that TotalEnergies’ strong interest in Namibia is driven by the country’s stable and investor-friendly environment. The visit follows

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International News Oil

Zambia’s Energy Ministry Opens Bidding for Tazama Pipeline Access

The Ministry of Energy has officially opened the bidding process for oil marketing companies (OMCs) seeking access to the Tazama pipeline. This follows the successful completion of a review of the guidelines governing the Tazama Pipeline Open Access Framework. According to Principal Public Relations Officer Bob Sianjalika, both local and foreign OMCs are now invited to submit their bids for the use of the pipeline to transport diesel from Dar es Salaam to Zambia. The

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Corporate News International Oil

TotalEnergies Commits $500 Million to Boost Production at Congo’s Moho Nord Field

French oil major TotalEnergies has announced a $500 million investment to enhance exploration and production activities at the Moho Nord offshore field in the Republic of Congo. CEO Patrick Pouyanné made the commitment earlier this week during a meeting with Congolese President Denis Sassou Nguesso in Oyo, where they discussed the company’s current operations and future investment plans. TotalEnergies aims to increase Moho Nord’s output by 40,000 barrels per day (bpd), further solidifying its position

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Diamonds International News

Vast Resources Announces Release of Historic Diamond Parcel Held by Reserve Bank of Zimbabwe

Aim-listed Vast Resources has announced the release of a historic diamond parcel that had been held in safekeeping at the Reserve Bank of Zimbabwe by order of the country’s Supreme Court since early 2010. The diamonds are now under the company’s custody and have been sent to its nominated tender house in Dubai for cleaning and re-sorting, ahead of the sales process, which is expected to commence within a month. Upon completion of the sale,

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International Gas

Woodside Energy Navigates Tariff Risks as Louisiana LNG Project Nears Final Decision

Woodside Energy, Australia’s largest gas producer, is evaluating the potential impact of new U.S. tariffs and trade measures on its Louisiana LNG project, as it moves closer to a final investment decision. The company acquired the project—formerly known as Driftwood—from Tellurian for $1.2 billion last year, aiming to strengthen its position as a global LNG leader. The first phase of development is projected to cost $16 billion. In a quarterly update, CEO Meg O’Neill said

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Corporate News Diamonds International

De Beers Reports 11% Drop in Q1 Diamond Output Amid Weak Market Conditions

De Beers has reported an 11% year-on-year decline in rough diamond production for the first quarter of 2025, totaling 6.1 million carats. The drop reflects the company’s continued production adjustments in response to prolonged weak market demand, according to its quarterly production report released on April 24. In Botswana, output declined by 8% to 4.6 million carats, in line with planned production cuts. Namibia’s production remained steady, as lower output from Debmarine Namibia was offset

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International News Renewable Energy

Algeria Partners with China’s LONGi to Boost Domestic Solar Panel Production

Algeria is set to launch a strategic partnership with China aimed at revolutionizing its renewable energy sector through local solar panel manufacturing. The upcoming investment agreement is expected to mark a significant step toward expanding the country’s clean energy capacity and reducing reliance on imported technology. According to a statement from the Algerian Ministry of Industry, local industrial group Elec will sign a cooperation deal this week with Chinese solar giant LONGi Green Energy Technology

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International Renewable Energy

UAE-Funded Solar Plant Powers a New Era of Clean Energy in Comoros

The Abu Dhabi Fund for Development (ADFD) has inaugurated a 6.3-megawatt solar power plant in the Union of the Comoros, funded with AED 25.7 million (US$7 million). This milestone project significantly boosts the country’s energy infrastructure, meeting growing electricity demand while promoting sustainable development. The plant provides clean and reliable electricity to the capital city of Moroni and surrounding areas, reducing dependence on fossil fuels, cutting carbon emissions, and improving the quality of life for

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International Oil

Egypt Ramps Up Oil Drilling in Gulf of Gharib to Boost Domestic Production

Egypt has launched a renewed oil exploration campaign in the Gulf of Gharib, a region in the Eastern Desert, with plans to drill 75 new wells over the next year. The initiative is being led by the state-owned Egyptian General Petroleum Corporation (EGPC), which is deploying three advanced drilling rigs to accelerate development in this modest but strategically important oil-producing region. Currently producing around 1,500 barrels per day, the Gulf of Gharib is expected to

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Local Economy Mining

Angola to Anchor New Africa-Latin America Copper Route

The multinational company PLASFER, which specializes in raw material exports, is advancing administrative and technical processes to leverage the Lobito Corridor as a “New Copper Industry Export Route.” This strategic logistics route aims to connect the Democratic Republic of Congo (DRC), Angola, Latin America, and Europe. PLASFER has spent over three years developing an innovative project in the DRC, in collaboration with partners across Europe and the Americas. The company considers this new logistics initiative

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