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…
International Energy News

Egypt Expands Hydroelectric Projects to Boost Clean Energy Production

The Egyptian government has announced plans to develop two new hydroelectric projects as part of its broader strategy to transition to cleaner energy sources and reduce dependence on fossil fuels. These projects are expected to generate up to 2,000 MW of electricity. Unlike the Jabal Ataqa project, which utilizes treated sewage water, these new initiatives will draw water from the Nile River. The Jabal Ataqa project, launched in collaboration with the Chinese company Sinohydro in

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International News Oil

Dangote Refinery Set to Disrupt Europe’s Oil Industry, OPEC Reports

The Organization of Petroleum Exporting Countries (OPEC) has announced that Nigeria’s Dangote Refinery, the world’s largest single-train facility, is poised to challenge Europe’s oil industry, particularly impacting the Northwest Europe (NWE) gasoil sector. In its June 2024 Oil Market Report, OPEC highlighted Dangote Refinery as a top supplier of diesel and aviation fuel. The report suggests that the refinery’s increased production could disrupt Europe’s oil and gas markets, a development experts believe will benefit the

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International Gold Mining Safety

Tragic Mine Collapse in Sudan Claims 15 Lives Amid Torrential Rains

The collapse of a gold mine in Sudan’s South Darfur state, following torrential rains, has resulted in 15 fatalities, according to civil resistance committees in the region, as reported by Efe agency. The informal citizen network, which tracks casualties from the ongoing conflict between the army and paramilitary forces, stated that the collapse of six wells in the Al Bouta area led to the deaths of the miners, most of whom were from the town

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Oil International

Oil Prices Recover Amid Positive U.S. Job Data and Middle East Tensions

The price of oil for October delivery closed yesterday at $79.39 per barrel, marking a slight increase from the previous day’s market data. On Thursday, oil prices rose for the third consecutive session, supported by U.S. jobs data that eased concerns over demand and ongoing tensions in the Middle East, helping prices recover from an eight-month low reached on Monday. Brent futures rose by $0.83, or 1.06%, to close at $79.16 per barrel. The increase

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Diamonds Local News

Angola’s Diamond Sector Aims for Recovery Amidst Production Challenges

The diamond sector in Angola anticipates recovering a deficit of nearly 1.4 million carats in the second half of the year, aiming to meet the annual production target of 14.6 million carats by year-end. Miguel Vemba, Director of Endiama’s Mining Operations and Holdings Management, shared these insights during the Semiannual Diamond Production Balance Workshop held from July 7-8 in Lunda-Norte. In the first half of 2024, Angola produced approximately five million carats of diamonds, generating

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Local Energy News

Angola Boasts Low Electricity Prices Despite Access Challenges

Angola ranks among the countries with the lowest electricity prices globally, following Ethiopia, Sudan, and Libya in Africa, according to global statistics. As of December 2023, Angolan households paid an average of 11.83 kwanzas, equivalent to $0.013 per kWh. This contrasts sharply with the global average price of $0.157 per kWh (13.7 kwanzas). Despite significant investments in the energy sector and notable advances in some provinces, the country has yet to achieve desired outcomes due

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Transport and Logistics Local News

Benguela Railway to Restore Regular Train Services by November 2024

The Benguela Railway (CFB) has announced plans to resume regular train services between October and November 2024, addressing current limitations on seating capacity caused by technical issues. In a statement issued to Jornal de Angola, CFB apologized for the disruptions affecting daily rail transport for users in the provinces of Huambo, Moxico, Bié, and Lundas Norte and Sul. The reduction in seating has significantly impacted communities along the railway line connecting Benguela province to Luau

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Local Corporate News Gas Iron Oil Partnerships

Sonangol Partners with Tosyali to Advance Kassinga Iron and Steel Project

Sonangol and the Tosyali Group reached an agreement on Monday to enhance the strategic Kassinga iron and steel project. The agreement, finalized during the Angolan Minister of Mineral Resources, Oil, and Gas’s visit to Turkey, includes integrating Angola’s national oil company, Sonangol, into the new corporate structure of Tosyali Iron & Steel Angola SA. Fuat Tosyali, President of the Turkish holding company, praised the move as a clear demonstration of Angola’s commitment to the project.

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News Diamonds Local

Luele Diamond Mine Produces 1.8 Million Carats in First Half of the Year

Sociedade Mineira do Luele in Lunda-Norte achieved a production milestone of 1.8 million carats in the first half of this year, securing the administration’s confidence and maintaining over 1,800 jobs. The president of the company’s Board of Directors, Rómulo Mucase, shared this information in Dundo, noting that the production figures represent 94% of the projected 1.9 million carats for the period. He emphasized that this achievement is particularly impressive given the mine’s short operational history,

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Diamonds Local News

Endiama Intervenes to Stabilize Angola’s Struggling Diamond Mines

The National Diamond Company of Angola (Endiama) is implementing measures to stabilize the financial situation of the Lunhinga and Luminas mining companies in Lunda-Norte, both of which are facing significant challenges due to market pressures and high operating costs. Laureano Paulo, Endiama’s Executive Administrator for Mining Operations, Participation Management, Audit, and Quality Control, shared this information during a press briefing on Wednesday, following the Diamond Production Balance Workshop for the first half of the year.

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