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 Oil

Rwanda-Backed Security Firm Hired for TotalEnergies’ Mozambique Gas Project Amid Controversy

A security firm linked to Rwanda’s ruling party has been contracted to safeguard TotalEnergies’ $20 billion liquefied natural gas (LNG) project in Mozambique, marking a significant expansion of Rwanda’s commercial interests in the region. According to The Financial Times, Isco Segurança—a joint venture between Rwanda’s Isco Global Limited and a local Mozambican company—is providing unarmed security services for the project in Cabo Delgado province. This development follows an Islamist insurgency attack in Palma in 2021,

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Diamonds Economy International News

Botswana’s Mineral Sector Faces Slower Growth in 2024 Due to Decline in Diamond Production

Botswana’s mineral sector is expected to experience slower growth in 2024 compared to the previous year, primarily due to a decline in diamond production. On July 13, the International Monetary Fund (IMF) revised Botswana’s growth forecast for 2024 from 3.6% to 1%, as reported by Mines.cd. This decline is anticipated to lead to a budget deficit increase from 3.45% to 6%, attributed to reduced revenue from mineral resources. In response to these challenges, the IMF

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International Energy News

Russia and Congo Sign Landmark Nuclear Cooperation Agreement

Russia and Congo-Brazzaville have signed a landmark agreement to cooperate in hydropower and peaceful nuclear energy, announced Russian nuclear company Rosatom. This agreement is part of Rosatom’s broader strategy to expand its nuclear activities across Africa. During a business visit to Congo, Nikolay Spassky, Rosatom’s Deputy General Director and Head of the International Activities Department, met with Emile Ousso, the Minister of Energy and Hydraulics, to finalize the agreements. The deal includes memoranda of understanding

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International News Oil

Egypt to Invest $1.2 Billion to Boost Oil Production Capacity

Egypt plans to significantly enhance its oil production capacity through a substantial investment. The government has announced a $1.2 billion investment aimed at increasing its oil output. Currently, Egypt is one of Africa’s largest oil producers with a capacity of approximately 559,000 barrels per day. The investment, slated for the 2024/2025 fiscal year, will fund the drilling of 110 exploratory wells. This initiative is part of a larger strategy to invest $7.2 billion in drilling

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Diamonds International News

Anglo American Contemplates Further Diamond Production Cuts Amid Market Challenges

Anglo American (LON: AAL) announced last week that it is considering additional cuts to diamond production due to ongoing market challenges, complicating its plans to sell its De Beers unit as part of a significant business overhaul. The restructuring plan was announced in May following the successful rebuttal of a $49 billion takeover approach from BHP (ASX: BHP), the world’s largest miner. The plan includes the sale or divestment of its 85% stake in De

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Energy

Nigeria’s Oil Losses Highlighted at NEITI Board Retreat

During the opening ceremony of the 2024 NEITI board retreat in Lagos, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji, unveiled alarming statistics revealing significant losses in Nigeria’s oil sector. According to NEITI, Nigeria lost 619.7 million barrels of oil valued at $46.16 billion over a 12-year period from 2009 to 2020. Additionally, between 2009 and 2018, the country lost $1.84 billion worth of petroleum products from its refineries, equivalent

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International

Chappal Energies Acquires TotalEnergies’ Stake in Nigerian Onshore Oil Venture

Mauritius-based Chappal Energies has recently acquired TotalEnergies’ minority share in a significant onshore oil joint venture in Nigeria. This transaction includes ownership interests in 15 licenses, primarily oil-producing, with a combined output of 14,000 barrels of oil equivalent per day in 2023. The decision to divest was driven by costly repairs stemming from challenges in Nigeria’s oil sector, prompting TotalEnergies to streamline its operations. TotalEnergies had previously signaled its intent to sell its 10% stake

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Diamonds News

Turmoil and Legal Battles Threaten Namibia’s Elizabeth Bay Diamond Mine

Namibia’s historic Elizabeth Bay Mine, surviving through wars and economic downturns since the early 1900s, faces new challenges amid ownership disputes between local entity Sperrgebiet Diamond Mining and Zimbabwean investor RioZim. Initially commissioned by Deutsche Kolonialgesellschaft Sudwestafrika in 1909, the mine has seen multiple operational halts, most recently in 2018 when Namdeb Holdings ceased operations due to strategic misalignment. Acquired by Lewcor Group in 2020, hopes were high for its revival, but financial woes and

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Local Economy News Transport and Logistics

Transforming Bié: The Economic Potential of the Lobito Corridor

The business sector in Bié province is optimistic about investments along the Lobito Corridor, particularly in the Benguela Railway (CFB). These developments are expected to enhance agricultural production and facilitate the transport of goods to Zambia and the Democratic Republic of Congo (DRC). Farmer Manuel Maia, who operates several agricultural projects in Cunhinga, believes the Lobito Corridor will significantly boost his investments and strengthen local agriculture. He plans to leverage this route to expand his

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Local Gold Mining Projects News

Angola’s Mining Sector Poised for Growth in 2024

Angola is set to significantly boost its revenue streams with the commencement of production at the Lombe Mining and Mapele gold exploration projects in Cabinda and Huíla provinces this semester. These projects recently received prospecting approvals from the National Agency for Mineral Resources (ANRM). According to the ANRM’s report, a subsidiary of the Ministry of Mineral Resources, Oil and Gas, four new exploration projects for ferrous and non-ferrous metals are expected to enter production by

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