Vital Industry News
Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025 Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola TotalEnergies Restarts Production at Libya’s Mabruk Oil Field After 11-Year Shutdown Seplat Energy Plans 17 New Wells in 2026 to Boost Production Energean to Acquire Chevron Stakes in Angola’s Block 14 Assets
Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Corporate News International Mining Personality

Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa

Corporate News Local Oil

Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection

More Angolan Mining News

Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Ghana’s Damang Mine Set for Local Takeover as Engineers and Planners Prepares Operations Ghana’s mining…
Corporate News International Mining Personality

Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa

Chevron Names Emmanuelle Garinet Director of Exploration for the Americas and Africa Energy supermajor Chevron…
Corporate News Local Oil

Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection

Cabinda Refinery Prepares for Petroleum Production After Ministry Inspection A delegation from the Ministry of…
Local Economy Gas News

Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day

Angola Launches Gas Exports from Quiluma Field, Boosting Energy Diversification The National Agency of Petroleum,…
Corporate News Local Mining Projects

Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project

Angola Secures $165M Investment for Longonjo Rare Earth Project, Boosting Africa’s Strategic Supply Chain Mining…
Economy International News

Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025

Burkina Faso Collects $152 Million from Mining Development Fund in 2025 to Support Local Development…
International News Oil

Ghana Launches $12 Billion Refinery to Become Regional Oil Hub

Ghanaian President Nana Akufo-Addo has launched the construction of a 300,000-barrel-per-day oil refinery, positioning Ghana to become a leading petroleum hub in the region. Despite this ambitious goal, the project has faced criticism regarding potential shortcomings. Since becoming an oil producer in 2010, Ghana, the world’s second-largest cocoa producer, has seen its crude oil output reach approximately 132,000 barrels per day (bpd) and its natural gas production around 325 million standard cubic feet per day.

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International Economy Oil

Dangote Refinery Poised to Transform Nigeria’s Fuel Industry with Local Petrol Production

The Dangote Refinery is set to disrupt the longstanding Europe-to-Africa fuel trade and reduce Nigeria’s dependence on imported refined products. As the world’s largest single-train refinery, Dangote Refinery has begun test runs for producing Premium Motor Spirit (PMS), commonly known as petrol, according to a Reuters report citing industry monitor IIR Energy. The 650,000-barrel-per-day refinery is anticipated to commence full operations and start petrol distribution by mid-September, following several missed deadlines. The $20 billion facility,

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International Renewable Energy

Egypt Plans $4.1 Billion Annual Savings with 30 GW Renewable Energy Expansion

Egypt aims to save $4.1 billion annually in fuel costs by expanding its renewable energy capacity by 30 gigawatts, as announced by the government. This initiative is a key component of Egypt’s strategy to boost sustainable electricity generation and reduce reliance on traditional energy sources. Prime Minister Mostafa Madbouly chaired a meeting with officials to review ongoing renewable energy projects. Attendees included Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Mahmoud Esmat, Minister

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International News Oil

Niger Resumes Crude Oil Exports Through Benin After Dispute Resolution

Landlocked Niger has resumed crude oil exports via Benin, following a previous disruption caused by a trade dispute. The dispute halted shipments through a newly constructed Chinese-funded pipeline. The conflict began when Niger refused to lift its ban on imports from Benin, leading Benin to block oil exports through the PetroChina-backed pipeline in May, as reported by Reuters. Niger subsequently halted oil flow through the pipeline in June. In response, the junta-led government of Niger

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Diamonds Economy

Lucapa Diamond Company Reports $1.4 Million EBITDA Amid Softer Market Conditions

ASX-listed Lucapa Diamond Company has announced an earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $1.4 million for the six months ending June 30, reflecting a 13% year-on-year increase. The company attributes this higher EBITDA to robust demand for its diamonds, despite a softer market. Excluding the now-sold Mothae kimberlite mine in Lesotho, Lucapa reported a net loss of $1.2 million, compared to a profit of $60,000 in the first half of 2023. During

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International Gas News

Sasol’s Two-Decade Impact on Mozambique’s Natural Gas Sector

Over the past 20 years, Sasol has exported 2.695 billion gigajoules of the 3.47 billion gigajoules of natural gas produced in Mozambique. This significant milestone has firmly established Mozambique as a key regional natural gas producer and laid the groundwork for the development of the national oil sector. President Filipe Nyusi highlighted this achievement during the 20th-anniversary celebration of the National Petroleum Institute (INP) in Maputo. He emphasized that Sasol’s gas exploitation from the Temane

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Diamonds Corporate News International Technology & Innovation

Lucara Unearths Exceptional 2,492-Carat Diamond at Botswana’s Karowe Mine

Lucara Diamond Corp. has announced the recovery of an extraordinary 2,492-carat diamond from its Karowe Diamond Mine in Botswana. This remarkable find, one of the largest rough diamonds ever unearthed, was detected using the Company’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology. This cutting-edge system, installed in 2017, is designed to identify and preserve large, high-value diamonds. The diamond was recovered from the processing of EM/PK(S) kimberlite, the primary ore type that Lucara will

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Diamonds Local News

Angola Expands Diamond Industry with Eight New Cutting Factories in Five Years

Between 2019 and 2024, Angola significantly expanded its diamond cutting industry by opening eight new cutting factories. These include the Stone Polished Diamond factories in Luanda, with a combined processing capacity of 24,000 carats per year, KGK (60,000 carats/year), and Pedra Rubra (60,000 carats/year). At the Saurimo Diamond Development Pole (PDDS), KGK opened additional factories with a capacity of 180,000 carats per year, alongside Stardiam (72,000 carats/year), Kapau Gems (54,000 carats/year), Pollaro (60,000 carats/year), and

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Diamonds Economy Local News

Catoca Faces Market Challenges as Diamond Prices Drop

Sociedade Mineira de Catoca, operating in Lunda-Sul, is actively working to sell its diamond production from March and April to ensure steady cash flow, despite a decline in international diamond prices. Engrácia João, Deputy General Director for Administration, shared these details during a press briefing in Dundo, Lunda-Norte. João noted that, like other operators, Catoca is grappling with less favorable market conditions, where diamond prices have dropped to between 35% and 50% below the expected

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Oil Local News

Brent Oil Price Surge Enhances Angola’s Revenue Outlook

Brent crude oil began yesterday’s session on the London futures exchange with a slight increase, opening at $79.71 per barrel, up from $79.66 at the close of last Friday’s session. During the day’s trading, the price climbed to $80.45 per barrel. This upward trend suggests a positive week ahead, driven by strong global demand and ongoing geopolitical uncertainties that continue to influence oil prices. Although Brent is trading below the $100 mark predicted a few

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