Vital Industry News
Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province Nigeria to Launch Cawthorne Crude Exports as Output Recovers
International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across…
Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank…
Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed…
Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Local Transport and Logistics

U.S. and European Union Strengthen Cooperation on the Lobito Corridor and Regional Stability

U.S. and EU Renew Support for Lobito Corridor to Boost Peace, Trade and Minerals in Central Africa The United States and the European Commission reaffirmed their “joint commitment to promoting peace, security, and economic growth” in Africa’s Great Lakes region on Thursday, in a statement focused on the Lobito Corridor and investment in Central Africa. Published by the U.S. State Department, the declaration emphasizes Washington and Brussels’ intention to “create the conditions necessary for increased

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International News

Namibia Appoints Modestus Amutse as New Minister of Mines, Energy and Industry

Namibia Names Modestus Amutse as New Mines, Energy and Industry Minister Amid Push for 2030 Oil Production Namibia’s President has appointed Modestus Amutse as the country’s new Minister of Mines, Energy and Industry, the presidency announced on Tuesday. Amutse replaces Natangwe Ithete, who was removed from the position in October. The appointment comes at a pivotal time for resource-rich Namibia, which is aiming to achieve its first crude oil production by 2030 following a series

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Diamonds Corporate News International

Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project

Lucara Diamond Corp Selects Group R for Major Lateral Development Works at Karowe Underground Mine in Botswana Canada-headquartered Lucara Diamond Corporation has awarded the lateral development contract for its Karowe Underground Project (UGP) in Botswana to Group R Mining and Exploration Botswana. The contract covers all underground lateral development linking the production and ventilation shafts to the orebody. This includes construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with vertical

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Local Mining Projects News

Pensana Plans Major Boost in Heavy Rare Earth Production at Angola’s Longonjo Mine

Pensana Targets Fivefold Increase in Heavy Rare Earth Output at Longonjo Project Following a comprehensive review of the Longonjo processing flowsheet, London-listed rare earths producer Pensana says it has identified significant potential to increase the content of heavy rare earths in its high-value mixed rare earth carbonate (MREC) product by more than five times. The evaluation was launched in response to rising demand from offtake partners seeking secure supplies of both light and heavy rare

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Corporate News Diamonds International

Petra Diamonds Confirms New Leadership Team and Board Restructuring After 2025 AGM

Petra Diamonds Appoints Permanent Joint CEOs and Strengthens Board Following Annual Meeting London-listed Petra Diamonds has announced a refreshed leadership structure and several board changes following its Annual General Meeting held on November 27. The company confirmed the appointment of Vivek Gadodia and Juan Kemp as permanent joint CEOs, solidifying the roles they have held in an interim capacity since February. Under the new structure, Gadodia will continue to lead Petra’s corporate functions, while Kemp

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Corporate News International Oil

TotalEnergies Partners with Chevron Through 40% Stake Sale in Nigerian Offshore Blocks

TotalEnergies to Sell 40% Stake in Nigerian Offshore Licenses to Chevron Subsidiary TotalEnergies has announced plans to divest a 40 percent interest in its Nigerian offshore exploration licenses, entering a new strategic partnership with a subsidiary of Chevron. The company confirmed it has signed an agreement to transfer the stake in two license areas covering approximately 2,000 square kilometers in the West Delta basin to Star Deep Water Petroleum Limited. The deal remains subject to

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International News Oil

Kenya Approves South Lokichar Oil Development Plan Aiming for First Exports in 2026

Kenya Targets First Commercial Oil Exports by 2026 After Approving South Lokichar Development Plan Kenya has announced plans to launch its first commercial crude oil exports by late 2026, following the government’s approval of the Field Development Plan for the South Lokichar Basin in Turkana County. Full field production is expected to be reached in the years after initial exports begin. The Ministry of Energy and Petroleum has authorized Gulf Energy E&P BV to advance

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Local Energy News

Angola Confirms 2027 Start-Up for First Turbine of Caculo Cabaça Hydroelectric Dam

Caculo Cabaça Hydropower Project Reaches 40% Completion; First Turbine to Begin Operation in 2027 The Ministry of Energy and Water has announced that the first of the four turbines of the Caculo Cabaça Hydroelectric Project is expected to begin operating in 2027. The project, located in Cuanza Norte province, has reached approximately 40 percent completion and continues to progress at a steady pace. In a statement accessed by VerAngola, the ministry highlighted that on Tuesday

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Local Corporate News Oil Petroleum

Etu Energias Inaugurates New Fuel Station at Luanda’s Cuca Factory

Etu Energias Expands National Fuel Network with New Station at Cuca Factory in Luanda Etu Energias inaugurated a new fuel station this Friday within the perimeter of the Cuca Factory in Luanda, marking another step in the company’s strategic expansion in Angola’s energy distribution sector. The announcement was made in a statement sent to VerAngola. According to CEO Edson Santos, the opening of the Cuca Fuel Station (PA Cuca) “symbolizes Etu Energias’ commitment to the

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Local Gold News

Endiama Confirms December Testing for Angola’s First Gold Refinery

Angola’s First Gold Refinery Nears Completion, Testing Phase Set for December Endiama has announced that Angola’s first gold refinery—currently under construction in the Viana Industrial Park—is expected to begin its testing phase in the second half of December. The projection was shared this Thursday during a site visit by the company’s Chairman of the Board of Directors (PCA). According to an official statement accessed by VerAngola, the visit confirmed that the project is in its

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