Vital Industry News
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum
Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

More Angolan Mining News

Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub…
Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up…
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
International Corporate News Diamonds

Petra Diamonds Reports Stable EBITDA Despite Weaker Revenue in H1 2026

Petra Diamonds Posts $26M Adjusted EBITDA Amid Lower Revenue; Cullinan Blue Diamond Highlights Ore Quality London-listed Petra Diamonds has reported revenue of $100 million for the six months ended December 31, 2025, down from $115 million in the same period a year earlier. The company attributes the decline to the timing of tenders between December 2025 and January 2026. Strong Diamond Inventory and Product Mix As of December 31, 2025, Petra held 608,217 carats of

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Corporate News Local Oil

Sonangol Seeks $4.8 Billion from China to Fund Lobito Refinery Expansion

Angola’s Sonangol Targets $4.8B Chinese Financing for Lobito Refinery Without Oil-Backed Collateral Sonangol, Angola’s state oil company, is pursuing a $4.8 billion loan from Chinese financial institutions to accelerate construction of its new refinery at the Atlantic port of Lobito. This could be Sonangol’s first major borrowing from China in seven years. Sebastiao Gaspar Martins told reporters on Wednesday that the financing effort is intended to fund the next phase of the $6.2 billion refinery

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Local Corporate News Mining Projects

Sonangol Eyes Critical Minerals as Profits Dip Amid Oil Sector Challenges

Angola’s Sonangol Plans Diversification into Critical Minerals Following 2025 Profit Decline Sonangol, Angola’s state-owned oil giant, announced on Wednesday plans to diversify into critical minerals, even as it reported a slight decline in net profit for 2025. Executives revealed that Sonangol posted net earnings of over $750 million in 2025, down from roughly 736 billion kwanzas in 2024 equivalent to about $807 million at current exchange rates. The conglomerate, which holds stakes in multiple offshore

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Gold International Mining

Ghana to Channel Artisanal Gold into Formal Trade to Boost Revenue

Ghana Launches ASM Gold Formalisation Program Targeting $20 Billion in Annual Foreign-Exchange Inflows Ghana plans to direct approximately 127 metric tons of artisanal and small‑scale mining (ASM) gold annually into official trade channels under revised sector reforms, aiming to increase foreign-exchange earnings and curb smuggling, Cassiel Ato Forson announced on Wednesday. Across Africa, ASM gold leakage costs countries billions each year as undeclared production is smuggled through porous borders to global trading hubs such as

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Diamonds Corporate News International

Botswana Diamonds Rebrands as Botswana Minerals, Expands into Copper

Botswana Diamonds to Rebrand as Botswana Minerals (BMIN) and Diversify into Copper Exploration Botswana Diamonds plc (LON: BOD) will rebrand as Botswana Minerals and begin trading under the new ticker BMIN from 27 February, as the company broadens its portfolio to include copper exploration amid a prolonged downturn in the diamond sector. The rebranding follows a strategic review supported by an advanced artificial intelligence model applied to the company’s 95,000 square kilometre geological database, which

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International Oil Petroleum Transport and Logistics

ZMA Adopts Dip Stick and Chart Method for Cross-Border Fuel Tankers

Zambia Metrology Agency Recognises Dip Stick and Chart Method for Petroleum Imports from Tanzania The Zambia Metrology Agency (ZMA) has announced the adoption of the dip stick and chart method as a recognised secondary reference measurement system for tanker trucks importing petroleum products into Zambia. In a statement issued on 24 February 2026, ZMA Executive Director Humphrey Nkobeni confirmed that dip sticks and calibration charts certified by the Weights and Measures Agency will now be

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Local Mining Projects

Angola Eyes BHP Return as Mining Reforms Attract Global Investors

Angola Expects BHP Reinvestment as Mining Reforms Boost Foreign Investor Confidence Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas, said he expects BHP Group to reinvest in the country, citing growing foreign interest driven by sector reforms. In an Interview, Azevedo noted that BHP Australia’s largest mining company has expressed strong interest in returning to Angola nearly two decades after exiting the market. Reform-Driven Investment Appeal During engagements with Australian investors at the

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Diamonds Corporate News Local

Sodiam to Auction 74 Special Diamonds in Electronic Sale

Angola’s Sodiam Launches Online Auction of 74 Special Rough Diamonds in Luanda. Sodiam, Angola’s National Diamond Trading Company, has announced a new auction of special rough diamonds, with 74 stones to be offered through an electronic bidding process. Viewing sessions will take place from February 23 to March 3, 2026, at Sodiam’s headquarters in Luanda. The online bidding process will close on March 4 at 10:00 a.m. local time. The auction is being organized in

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Local News Oil

Angola Announces 500 Million-Barrel Oil Discovery at Algaita-01 in Block 15/06

Angola’s ANPG Confirms 500 Million-Barrel Oil Discovery at Algaita-01 Well in Block 15/06 National Agency of Petroleum, Gas and Biofuels (ANPG) has announced a new oil discovery at the Algaita-01 well in Block 15/06, located in the Lower Congo Basin offshore Angola. The find is estimated to contain approximately 500 million barrels of oil in place, reinforcing the basin’s exploration potential. Drilling Results Drilling operations at Algaita-01 commenced on January 10 in water depths of

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Oil Corporate News Local

Angola’s Ndungu Field Begins Full Development Under Agogo West Hub

Angola Launches Ndungu Field Production, Targeting 60,000 bpd at Peak Output National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy have announced the start of full field development at the Ndungu field offshore Angola, marked by the commencement of production from its first three wells. According to ANPG, the milestone represents a significant step forward in the Agogo West Hub Integrated Development (AIWH), a project designed to maximize hydrocarbon recovery in the western

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