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Diamonds Local News

Lucapa Diamond Miner Eyes Angola’s Diamond Potential Under New Leadership

28, May, 202428, May, 2024

Lucapa, an Australia-based diamond miner, under the helm of its newly appointed chairperson, Stuart Brown, sees Angola as the primary target for diamond exploration globally. Brown, a former De Beers CFO and interim CEO, emphasized Angola’s potential in Lucapa’s strategic direction, citing its largely unexplored diamond-rich provinces as key exploration targets. The company’s 15-year presence in Angola, particularly through its Lulo operation, has been marked by significant success in alluvial diamond production. Brown highlighted Lulo’s

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Local Energy News

Angola’s National Electrical System Expansion Targets Private Sector Integration by 2027

28, May, 202428, May, 2024

The expansion and modernization of Angola’s national electrical system aims to add three million connections by 2027, with a key focus on integrating the private sector into energy production, distribution, and commercialization. This initiative seeks to ensure financial sustainability, reduce high losses, and improve the sector’s contribution to the Gross Domestic Product (GDP). To facilitate this transition, the government is working on a new legal framework that will open the energy market to private entrepreneurs.

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Diamonds Local Mining News

Lucapa Diamond Company Unearths 195-Carat Diamond at Lulo Mine in Angola

28, May, 202428, May, 2024

Lucapa Diamond Company has recovered a 195-carat, type IIa rough diamond from its Lulo alluvial mine in Angola, marking a significant addition to its collection of large diamonds. This find, announced on Tuesday, is the sixth-largest diamond discovered at Lulo since operations began in 2015 and the fourth diamond over 100 carats recovered this year. This discovery follows the unearthing of a 203-carat, type IIa rough diamond in March, processed from stockpiled ore at the

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International Energy News Renewable Energy

TE H2 and VERBUND to Develop Major Green Hydrogen Project in Tunisia

28, May, 202428, May, 2024

TE H2, a joint venture between TotalEnergies and EREN Groupe, along with Austrian electric company VERBUND, have signed a memorandum of understanding (MoU) with Tunisia to explore the development of a substantial green hydrogen project named H2 Notos. The H2 Notos project aims to produce green hydrogen using electrolysers powered by large onshore wind and solar projects, utilizing desalinated seawater. The green hydrogen produced will be exported to Central Europe. Initially, the project is expected

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Local Exploration Mining Mining Projects News

Pensana Applauds Angola’s Policy Advancements and Rising Exploration Potential

28, May, 202428, May, 2024

London-listed Pensana has praised the Angolan government for its attractive policies and growing interest in the country’s exploration potential. This comes as Angola saw a notable improvement in its ranking to 47th out of 86 countries in the 2023 Investment Attractiveness Index, up from 59th out of 62 countries in 2022. The Investment Attractiveness Index, produced annually by the Fraser Institute, combines the Policy Perception Index and the Best Practices Mineral Potential Index. It evaluates

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Oil International News

Oil Prices Rise Despite Weekly Decline Amid Fed Concerns

27, May, 202427, May, 2024

Oil prices ended the week with a 1% increase, closing at $82.12 per barrel, although they experienced a weekly decline due to concerns that strong US economic data could lead to prolonged high interest rates, subsequently reducing fuel demand. Brent crude futures for July delivery rose by $0.76 on Friday, reaching $82.12 per barrel. International experts anticipate an increase in summer demand in the United States starting this weekend, leading some investors to question whether

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Local News Oil

TotalEnergies Launches “100 Years, 100 Entrepreneurs” Initiative in Cuando Cubango

27, May, 202427, May, 2024

TotalEnergies introduced the “100 Years, 100 Entrepreneurs” project to young entrepreneurs in Cuando Cubango on Friday. This initiative aims to transform innovative business ideas into successful enterprises. The project is currently in its application phase, and the presentation was led by project coordinator Márcio Castro during a meeting between TotalEnergies and the youth community in Menongue. The event focused on fostering investment in the private sector to drive economic and social development. The program targets

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Local Energy News Renewable Energy

Luena Inaugurates 25.3 MW Solar Photovoltaic Park to Power Over 171,000 Consumers

27, May, 202427, May, 2024

The municipality of Luena in Moxico province has launched a 25.3 megawatt Solar Photovoltaic Park, now operational and capable of serving more than 171,000 consumers. This new installation, costing over 36 million euros, features 43,680 solar panels. It is expected to save the province approximately 19.5 million liters of fuel annually and prevent the emission of more than 68 tons of carbon dioxide each year. With the new park, Moxico gains an additional source of

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Local Expos & Events News Transport and Logistics

Port of Lobito Showcases New Management Model at Benguela International Fair

27, May, 202427, May, 2024

The Port of Lobito unveiled its new “Landlord Port” management model, called the Senhorio program, during the 13th edition of the Benguela International Fair (FIB) 2024. This model shifts the port’s role from direct container handling operations to overseeing and regulating maritime and port activities. Implemented in the last quarter of the previous year, the Senhorio program delegates container loading and unloading operations to concessionaires. África Global Logistics (AGL) now manages the Multipurpose Terminal for

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Local News Oil

TechnipFMC Delivers First Subsea 2.0 Production System to TotalEnergies for Angola’s CLOV Project

27, May, 202427, May, 2024

Energy engineering and technology company TechnipFMC has successfully delivered the first Subsea 2.0 Production System to TotalEnergies. This innovative system aims to simplify, compact, and enhance submarine equipment, boosting production for the CLOV project in Block 17 offshore Angola. The Subsea 2.0 Production System results from a contract signed between TechnipFMC and TotalEnergies, under a framework agreement established in May 2022. This system is crucial for developing Phase 3 of the CLOV project in Block

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