SACIM Congo Faces Diamond Sales Restrictions and Financial Struggles

The Anhui Congo Investment Company (SACIM) in Kasai-Oriental continues to face significant challenges, raising concerns across the region. On February 26, 2025, a SACIM manager revealed to Actualité.cd that the company, which typically produces an average of 300,000 carats of diamonds per month, is encountering difficulties in selling its diamonds due to newly imposed price restrictions. Under the terms of Ministerial Decree No. 00049/CAB.MIN/MINES/01/2022, dated February 22, 2022, SACIM is restricted to selling its diamonds

Loading

Read More Here

Pensana Champions Sustainable Rare Earth Mining in Angola

London-listed rare earths miner Pensana is committed to environmentally sustainable and socially responsible mining, says Chairperson Paul Atherley. Speaking to BBC Radio 4, he emphasized that mining can uplift communities without harming local ecosystems. “Africa should benefit from its resources without destroying local environments or the fabric of society,” Atherley stated, affirming Pensana’s adherence to high international standards in Angola and the UK. Pensana minimizes environmental impact by using hydroelectric power and limiting mining depth

Loading

Read More Here

New U.S. Diamond Import Regulations and the Path to Market Recovery

The president of the World Federation of Diamond Bourses, Yoram Dvash, announced that starting in April, U.S. customs will require the reporting of diamonds’ country of mining origin and details of the country of origin. This mandatory information must be submitted through a signed declaration. Importers will also need to provide a self-certification statement confirming that their shipments do not contain Russian diamonds larger than 0.50 ct. These new requirements apply to all diamonds and

Loading

Read More Here

Vitol and Glencore Awarded $380 Million in LNG Dispute with Nigeria’s NLNG

Trading giants Vitol and Glencore will receive $380 million in compensation after their gas supplier, Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer over cargo non-delivery, according to court documents seen by Reuters. The case, heard in London’s High Court and Court of Appeal, is part of a growing wave of lawsuits filed by buyers against sellers and producers for failing to deliver cargoes. These disputes

Loading

Read More Here

BP Drives Multi-Well Drilling Campaign to Boost Libya’s Oil Production

Energy giant BP is leading a multi-well drilling campaign in Libya, marking the company’s return to operations in the country in 2024. The initiative targets multiple oil and gas formations with the goal of bringing new wells online and supporting Libya’s national aim of increasing production to two million barrels per day. In an interview with Energy Capital & Power at the Libya Energy & Economic Summit (LEES) 2025, Ariel Flores, Senior Vice President of

Loading

Read More Here

Republic of Congo and Venezuela Strengthen Hydrocarbons Cooperation

The Republic of Congo and Venezuela have announced plans to enhance their collaboration in the hydrocarbons sector, including exploring joint venture opportunities between companies from both nations. On February 13, Congo’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua, met with Venezuela’s Ambassador to Congo, Laura Evangelia Suarez, to discuss capacity-building initiatives and partnership opportunities in oil and gas. This new collaboration builds on the first session of the Joint Commission, held in Caracas in 2023, which

Loading

Read More Here

Huambo Province Hosts Investment Opportunities Forum Along the Lobito Corridor

The Huambo province hosted the Investment Opportunities Forum along the Lobito Corridor on the 21st of the month. The event, held at the Journalist Training Center (CEFOJOR) in Huambo, provided participants with the opportunity to learn how the Lobito Corridor could drive business in sectors such as Transport, Energy, Trade, Industry, and Agriculture. Also known as the Benguela Railway (CFB), this transportation route represents a vital connection between inland Africa and the Atlantic Ocean, including

Loading

Read More Here

Angola’s Oil Production Surges in January Exceeding Expectations

Angola’s oil production in January reached 32.6 million barrels, averaging 1.0 million barrels per day (BOPD)—a 2.8% increase compared to the previous month. According to the National Agency for Petroleum, Gas, and Biofuels (ANPG), which released its monthly report on Wednesday, associated gas production during the same period amounted to 85.476 billion cubic feet, with a daily average of 2.757 billion cubic feet (MMSCFD). Of this daily output: The report highlights that barrel of oil

Loading

Read More Here

Minister Ricardo Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President

Loading

Read More Here

Angola Signs Oil Exploration Agreement with TotalEnergies and ExxonMobil

The National Agency of Petroleum, Gas, and Biofuels (ANPG) has signed an agreement to assess the potential of free areas in Block 17/06 and Block 32/21. The agreement, signed on Friday, the 14th, involves TotalEnergies and ExxonMobil, marking a renewed effort to explore Angola’s fossil fuel resources. The signing ceremony was attended by ANPG Chairman Paulino Jerónimo, TotalEnergies’ General Director Martin Deffontaines, and ExxonMobil’s General Director Katrina Fisher. Jerónimo emphasized the agency’s commitment to fostering

Loading

Read More Here

1 12 13 14 15 16 295
en English pt Portuguese

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.