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Diamonds

NMDC to Extract 6,500 Carats of Diamonds Worth $3.4 Million from Panna Mine

26, January, 202526, January, 2025

State-owned miner NMDC Limited is set to produce 6,500 carats of diamonds, valued at $3.4 million (₹294.13 million), during the current fiscal year from its Panna mine in Madhya Pradesh, India. The mining operation resumed following the receipt of clearances last year, according to Reuters. The company previously faced a more than three-year halt in operations due to delays in securing environmental approvals, largely stemming from the mine’s proximity to a tiger reserve. In a

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International Corporate News Oil

Woodside Energy Forecasts Flat Production in 2025 Amid Mixed Financial Results

22, January, 202522, January, 2025

Woodside Energy, Australia’s leading independent oil and gas producer, announced it expects flat production in 2025, projecting output between 186 million and 196 million barrels of oil equivalent (mmboe). This aligns with its record production of 193.9 mmboe in 2024, though analysts had anticipated figures at the higher end of the range. Despite meeting fourth-quarter revenue expectations, softer-than-expected realised prices weighed on investor sentiment, leading to a 2.4% drop in shares to A$25.12, their weakest

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Local Transport and Logistics

SADC Ministers Convene in Lobito to Discuss Agency’s Organizational Framework

22, January, 202522, January, 2025

Members of the Committee of Ministers from the Southern African Development Community (SADC) are meeting today in Benguela to deliberate on the organizational structure of the Agency. This marks the second meeting of the group, held in the rail-port city of Lobito. The discussions aim to refine the framework and operations of the Agency, aligning it with SADC’s goals of regional cooperation and sustainable development. Lobito, renowned for its strategic position and infrastructure connecting inland

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Expos & Events Local

Angola Oil & Gas Launch Reception Scheduled for January 28 in Luanda

21, January, 202521, January, 2025

The Angola Oil & Gas (AOG) Conference and Exhibition 2025 will officially launch with an exclusive reception event on January 28, 2025, at Lookal Beach Club in Luanda from 18:00 to 21:00. This event marks the beginning of preparations for the 6th edition of Angola’s premier oil and gas conference, scheduled for September 2025. AOG continues to serve as the cornerstone of Angola’s oil and gas sector, fostering investment opportunities, facilitating partnerships, and advancing key

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Corporate News Diamonds

Lucapa Unveils Promising Base Metal Targets at Merlin Diamond Project

21, January, 202521, January, 2025

Australia’s Lucapa Diamond Company has announced the discovery of two large, highly conductive base metal targets at its Merlin Diamond Project in the Northern Territory, marking a significant step in the project’s exploration potential. The findings stem from the first geophysical survey conducted at Merlin in 25 years, unveiling opportunities for significant mineral discoveries. The targets were identified through a helicopter-borne time-domain electromagnetic (TDEM) survey, which covered the 234 km² project area, including the Merlin

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International Energy

Nuclear Power Set to Break Records by 2025 Amid Growing Global Demand

21, January, 202521, January, 2025

Global nuclear power generation is projected to hit record levels by 2025, driven by rising electricity demand, new projects, and technological advancements, according to the International Energy Agency (IEA) report The Path to a New Era for Nuclear Energy. The report outlines the sector’s significant opportunities while highlighting its challenges. Nuclear power currently provides nearly 10% of global electricity, making it the second-largest source of low-emission electricity after hydropower. As global electricity demand is expected

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Corporate News International

OPEC Fund Pledges $30 Million for Egypt’s Landmark Wind Energy Project

21, January, 202521, January, 2025

The OPEC Fund for International Development (OPEC Fund) has approved a $30 million loan to co-finance Egypt’s 1.1 GW wind energy project, the largest onshore wind initiative in Africa. This loan positions the OPEC Fund alongside key financial partners, including the European Bank for Reconstruction and Development, African Development Bank, British International Investment, Deutsche Investitions-und Entwicklungsgesellschaft, the Arab Energy Fund, Arab Bank, and Standard Chartered Bank, in supporting the $1.1 billion project. Abdulhamid Alkhalifa, President

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Diamonds International News

AWDC Urges Belgian Govt to Support Diamond Industry Amid Economic Crisis

21, January, 202521, January, 2025

The Antwerp World Diamond Centre (AWDC) has called on the Belgian government to improve the operating environment for the diamond industry, following what it described as a “crisis” year for the sector. Belgium’s total diamond import and export figures fell by 25% in 2023, driven by “significant economic factors” that impacted both domestic and global markets, the AWDC reported. “The diamond industry is facing a severe global crisis,” said Karen Rentmeesters, CEO of AWDC. “Internationally,

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Corporate News Local Oil

Oando Energy Secures Operatorship of Angola’s Block KON 13

21, January, 202521, January, 2025

The National Agency for Petroleum, Gas, and Biofuels (ANPG), Angola’s upstream regulator, has announced the results of the Limited Public Tender for Block KON 13 in the Kwanza Onshore Basin. Oando Energy, a Nigerian independent exploration and production (E&P) company, has been confirmed as the operator of Block KON 13 with a 45% stake, according to Africoilgasreport. The tender process began on May 24, 2024, and closed on September 3, 2024. ANPG noted that 10%

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Corporate News Diamonds International

Rio Tinto’s Diamond Production Rises as Underground Mining Advances

21, January, 202521, January, 2025

Rio Tinto reported an 18% year-on-year increase in diamond output for the fourth quarter of 2023, reaching 775,000 carats. The rise follows efforts to ramp up production after addressing ground subsidence issues and transitioning to underground mining at the Diavik mine’s A21 pit. The miner completed the first phase of underground development at A21, where open-pit operations concluded in late 2023. Rio Tinto is now scaling up processing in the area to achieve commercial production.

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