Vital Industry News
DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns Petra Diamonds Restructures South African Operations as Nearly 1,800 Jobs Come Under Threat Italy Supreme Court Acquits Prosecutors in Eni-Shell OPL 245 Oil Block Case, Ending Long-Running Legal Battle Dangote Refinery Drives Sharp Decline in West African Fuel Imports Zambia and US Expand $491 Million Grant Programme to Support Lobito Corridor Infrastructure Ghana Weighs Transfer of Gold Fields’ Tarkwa Mine to Local Firms as Lease Expiry Nears Qatar-Backed Cascade Strengthens Rare Earth Ambitions with Board Appointment and Pensana Investment De Beers Sale Nears Completion as Anglo American Pushes Diamond Unit Toward Landmark Deal Zimbabwe Approves Second Gold Refinery in Bulawayo to Support Rising National Output
International News Oil Petroleum

DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa

International News Oil

Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns

Corporate News Diamonds International

Petra Diamonds Restructures South African Operations as Nearly 1,800 Jobs Come Under Threat

More Angolan Mining News

International News Oil Petroleum

DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa

Kinshasa Fuel Depots to Be Moved to N'sele as DRC Strengthens Safety and Modernizes Hydrocarbon…
International News Oil

Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns

IMF Warns Strait of Hormuz Disruption Could Trigger Global Oil Supply Shock and Price Spikes…
Corporate News Diamonds International

Petra Diamonds Restructures South African Operations as Nearly 1,800 Jobs Come Under Threat

Petra Diamonds Puts Finsch Mine Into Business Rescue, Retrenchments at Cullinan Could Threaten 1,800 Jobs…
International Corporate News Oil Petroleum

Italy Supreme Court Acquits Prosecutors in Eni-Shell OPL 245 Oil Block Case, Ending Long-Running Legal Battle

Italy’s Top Court Clears Prosecutors in OPL 245 Case, Marking New Twist in Nigeria’s Biggest…
International Corporate News Oil Petroleum

Dangote Refinery Drives Sharp Decline in West African Fuel Imports

Dangote Refinery Reshapes West Africa’s Fuel Market as Imports Plunge and Trade Routes Shift The…
Local News Transport and Logistics

Zambia and US Expand $491 Million Grant Programme to Support Lobito Corridor Infrastructure

Zambia, US Redirect Part of $491 Million Agriculture Grant to Boost Lobito Corridor and Critical…
Local Mining News

Angola Tightens Mining Regulation in Huíla Amid Push for Digital Reform and Investment Protection

Angola Boosts Mining Oversight in Huíla as Government Targets Illegal Mining and Advances Digital Licensing System Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, conducted a working visit to Huíla Province this Monday, where he led a consultation meeting with operators in the ornamental stone sector. The discussions focused on key industry challenges, including licensing procedures, sector registration, and the rollout of digital systems for mining administration. The meeting took place in Lubango

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Local Economy News

Angola Advances $400 Million Debt-for-Education Swap to Strengthen Fiscal Stability and Social Investment

Angola to Finalize $400M Debt-for-Education Deal by June as Government Restructures Debt and Boosts Education Spending Angola is set to complete a $400 million debt-for-education swap by June, according to Finance Minister Vera Daves de Sousa, as the country intensifies efforts to manage its debt burden while increasing investment in social sectors, particularly education. The agreement, backed by guarantees from the World Bank, will be structured through a commercial bank tasked with executing the transaction,

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Diamonds International News

UAE Highlights Kimberley Process Achievements as UN Adopts Diamond Conflict Resolution

Kimberley Process Chair Ahmed Bin Sulayem Presents UAE Reforms as UN Backs Conflict-Free Diamond Trade Resolution Custodian chairperson of the Kimberley Process (KP), Ahmed Bin Sulayem, addressed the United Nations General Assembly (UNGA) on April 15, outlining the United Arab Emirates’ achievements during its “Year of Best Practice” and introducing a UAE-led resolution titled “The Role of Diamonds in Fuelling Conflict,” which was adopted by consensus. In a media statement, the Ministry of Economy of

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Corporate News Local Oil

Angola’s $6.6bn Lobito Refinery Faces Financing Delays Amid Investor Uncertainty

Angola struggles to secure funding for $6.6 billion Lobito refinery as investor negotiations slow and regional participation remains unclear Angola’s planned $6.6 billion Lobito refinery is facing renewed financing uncertainty as discussions with regional and international investors progress more slowly than expected, raising concerns over the timeline for securing full financial closure. State-owned oil company Sonangol has said it has received no formal communication from Botswana regarding reported interest in acquiring a stake in the

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Corporate News International Oil Petroleum

Trafigura Signs $1bn Oil-Backed Financing Deal with Gabon to Boost Liquidity

Gabon secures $1 billion oil-backed financing from Trafigura in seven-year crude supply deal to strengthen public finances and investment spending Global commodities trader Trafigura has signed a $1 billion oil-backed financing agreement with the government of Gabon, providing upfront liquidity in exchange for future crude oil deliveries over a seven-year period. Announced on Wednesday, the arrangement will see Trafigura extend prepayment financing to the Gabonese state while acting as the exclusive buyer of the country’s

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International Diamonds Economy Mining Oil Partnerships

Botswana Deepens Economic Diversification with New Mining, Energy and Infrastructure Deals with Oman

Botswana signs strategic mineral, oil, and renewable energy agreements with Oman to diversify economy beyond diamonds Botswana has signed a series of agreements with Oman aimed at strengthening cooperation in mineral exploration, oil storage infrastructure, and renewable energy development, as the country accelerates efforts to diversify its economy beyond diamonds. The agreements were concluded during a state visit to Oman by President Duma Boko, where he held talks with Sultan Haitham bin Tariq. According to

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Transport and Logistics Local News

Sacomar Terminal Resumes Operations After Three-Year Closure

Angola’s Namibe Port Reopens Sacomar Terminal, Handles 26,420 Tons of Pig Iron for Export to Asia The Sacomar Mineral Terminal at the Port of Namibe has resumed operations after more than three years of closure, receiving a cargo vessel from China carrying 26,420 tons of pig iron destined for the Asian market. According to a statement from the Port of Namibe, the terminal’s reopening follows the construction of a new pier, inaugurated in October 2025.

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Local Gas Mining Projects News Oil

Diamantino Leads Strategic Energy and Mining Investment Mission to China

Angolan Minister Diamantino Azevedo Visits China to Secure Oil, Gas and Mining Investments and Advance Strategic Energy Projects Diamantino Azevedo has begun a working visit to China aimed at strengthening strategic cooperation and attracting new investment into Angola’s energy and mining sectors. According to a statement sent to ANGOP, the minister met on Monday (13) with Zhou Haibing, where both sides discussed ways to deepen economic cooperation in oil, gas, and mineral resources. The two

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International Corporate News Oil

TotalEnergies Announces New Offshore Hydrocarbon Discovery in Republic of Congo

TotalEnergies Reports Major Offshore Oil Discovery in Republic of Congo, Estimating Over 100 Million Barrels of Recoverable Resources TotalEnergies has announced the discovery of hydrocarbons in the Republic of the Congo as part of its ongoing drilling campaign to expand the Moho offshore field, a key deepwater production hub in the country. The company reported that drilling activities identified a hydrocarbon column of approximately 160 metres, indicating significant resource potential in the area. Based on

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Diamonds Corporate News International

Botswana Seeks Strategic Deals with Oman as It Pursues Greater Control of De Beers

President Duma Boko Travels to Oman to Secure Resource Partnerships and Financing for Potential De Beers Stake Expansion Botswana President Duma Boko is travelling to Oman to sign cooperation agreements covering natural resources and energy, as his administration works to strengthen the country’s position in leading diamond producer De Beers Group. Boko is scheduled to hold talks through Tuesday with Haitham bin Tariq, according to a statement issued by the president’s office on Sunday. The

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