Vital Industry News
De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Corporate News Gas International Oil

BP Expands Operations in Egypt with New Oil and Gas Exploration Focus

BP is set to expand its presence in Egypt by exploring new oil and natural gas opportunities across six concessions, according to Egyptian Prime Minister Mostafa Madbouly. The announcement came during a meeting with BP’s CEO, Murray Auchincloss, where the company reaffirmed its long-term commitment to the country. Madbouly highlighted BP’s 60-year history of operations in Egypt, during which the company has invested a total of $30 billion in developing its energy sector. At the

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Corporate News Diamonds International

De Beers Implements Significant Price Cuts Amid Deep Diamond Market Slump

De Beers, the world’s leading diamond producer, has reduced diamond prices by over 10% in a significant move to address a prolonged market downturn. This marks a shift in the company’s strategy, which previously aimed to stabilize the slumping market by maintaining higher prices. The diamond market is experiencing one of its deepest slumps in decades. Initially triggered by a post-pandemic slowdown, the downturn has been exacerbated by inflation affecting consumer spending, a collapse in

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Local Transport and Logistics

President Biden visits Lobito Atlantic Railway to view copper exports to the USA

Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC).  The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the Lobito Corridor in linking Southern

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Corporate News Local Oil

Dangote Group Eyes New Refinery in Angola Following Success of Nigerian Plant

Dangote Group President Aliko Dangote is leveraging the success of his 650,000 barrels-per-day refinery and petrochemical plant in Nigeria to advance discussions with Angolan President João Lourenço about building a new refinery in Southern Africa. The Dangote Refinery and Petrochemical Plant, located at the Lekki Free Trade Zone in Lagos State, is the world’s largest single-train refinery and has already made a significant impact on the African energy sector since it began operations. By reducing

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International Corporate News Oil

Galp Strikes Light Oil and Gas in Namibia’s Orange Basin

Galp, the Portuguese oil and gas company, has discovered light oil and gas condensate during its second exploration and appraisal program in Namibia’s Orange Basin. This discovery, near previous finds by Shell and TotalEnergies, builds on the success of its first campaign in license PEL 83. The Mopane-1A appraisal well, drilled by Saipem’s Santorini drillship, is located in blocks 2813A and 2814B at the heart of the Orange Basin, a rapidly emerging oil and gas

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Corporate News Diamonds Local

AWDC and Angola Partner to Boost Diamond Trade

The Antwerp World Diamond Centre (AWDC) and Angola have signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration in the rough diamond sector. Under the agreement, Antwerp will assist Angola in establishing a Group of Seven (G7) export verification point for rough diamonds. AWDC, which is already working with Botswana on a similar initiative, will provide Angola with technical expertise and guidance on diamond control and certification. “We can provide practical and technical tools

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Corporate News Diamonds International

De Beers Announces 2025 Rough Diamond Sales Schedule

De Beers has unveiled its 2025 sales calendar, maintaining its standard schedule of 10 sights throughout the year. The diamond mining giant primarily sells rough diamonds to sightholders under a contractual system that ensures consistent supply in exchange for purchasing commitments. Recently, De Beers has adapted its approach by allowing sightholders to purchase fewer goods, addressing oversupply concerns and weak market demand. In December 2024, De Beers concluded its final sight of the year with

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International Oil Petroleum

Pricing Conflicts Overshadow Port Harcourt Refinery’s Revival

The recently rehabilitated Port Harcourt Refinery, operational since November 26, 2024, has faced hurdles similar to those affecting Dangote’s refinery, with disputes over fuel pricing threatening its success. Contrary to reports of halted operations, the facility had only scaled down to implement necessary improvements, according to Managing Director Ibrahim Onoja and Executive Director of Operations Moyi Maidunama of the Nigerian Pipeline and Storage Company Limited. During a guided tour, Onoja emphasized that product distribution continues,

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Oil Exploration Gas Local

Shell Returns to Angola with a New Oil Exploration Agreement

Shell has signed a memorandum of understanding (MoU) with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG), marking its return to the country after a 25-year absence. The signing ceremony took place in Luanda on Thursday, with key participants including ANPG Chairman Paulino Jerónimo, Shell Executive Vice-President Eugene Okpere, and Minister of Natural Resources, Oil, and Gas, Diamantino de Azevedo. Minister de Azevedo highlighted the importance of the agreement, attributing it to Angola’s ongoing

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Local Energy News

Angola Opens Electricity Transmission to Private Investment

The Angolan government has approved amendments to the General Electricity Law, removing the state’s monopoly on electricity transmission. This move aims to attract private investment, accelerate national electrification, and support regional energy interconnections, according to Secretary of State for Energy, Arlindo Bota. The proposed law, passed in parliament on Thursday, transitions the energy transport segment from exclusive state control to a public service concession model. Speaking during an extraordinary parliamentary session, Bota emphasized that this

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