Vital Industry News
Angola Secures $5.1 Billion Investment for Major Greater PAJ Offshore Oil Development Equinor Acquires 30% Stake in Angola Offshore Block 16/21 in Deal with TotalEnergies Shell Reports Promising Oil Findings at Merlin-1X Well Offshore Namibia 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
Local Corporate News Oil

Angola Secures $5.1 Billion Investment for Major Greater PAJ Offshore Oil Development

Corporate News Local Oil

Equinor Acquires 30% Stake in Angola Offshore Block 16/21 in Deal with TotalEnergies

International Corporate News Oil

Shell Reports Promising Oil Findings at Merlin-1X Well Offshore Namibia

More Angolan Mining News

Local Corporate News Oil

Angola Secures $5.1 Billion Investment for Major Greater PAJ Offshore Oil Development

Angola Approves $5.1 Billion Greater PAJ Offshore Oil Project to Boost Production and Extend Oil…
Corporate News Local Oil

Equinor Acquires 30% Stake in Angola Offshore Block 16/21 in Deal with TotalEnergies

Equinor Takes 30% Stake in Angola’s Block 16/21 as TotalEnergies Retains Operatorship in New Offshore…
International Corporate News Oil

Shell Reports Promising Oil Findings at Merlin-1X Well Offshore Namibia

Shell, QatarEnergy and NAMCOR Record Strong Oil Discovery at Merlin-1X Well in Namibia’s Orange Basin…
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…
Local Corporate News Mining Projects

Qatar-Backed Cascade Strengthens Rare Earth Ambitions with Board Appointment and Pensana Investment

Qatar-Backed Cascade Advances $165 Million Pensana Investment as Sheikh Dr Badr Al-Hajri Joins Board Qatar-backed Cascade Natural Resources has appointed Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri to its board of directors, a move that underscores the company’s growing international profile and Qatar’s support for its expansion in the critical minerals sector. The appointment comes as Cascade advances its strategic $165 million investment in rare earths developer Pensana and its flagship Longonjo rare earth project

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Diamonds Corporate News International

De Beers Sale Nears Completion as Anglo American Pushes Diamond Unit Toward Landmark Deal

De Beers CEO Says Sale Could Be Finalized Within Weeks as Global Diamond Giants Compete for Anglo American Stake The sale of De Beers, the diamond unit of Anglo American, is closer than ever to completion, according to Chief Executive Officer Al Cook, who said a deal could be concluded within weeks. Anglo American placed De Beers one of the world’s leading diamond companies with operations and exploration assets across Botswana, Namibia, Angola, South Africa,

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International Gold News

Zimbabwe Approves Second Gold Refinery in Bulawayo to Support Rising National Output

Zimbabwe Licenses Second Gold Refinery in Bulawayo as Production Targets 50 Tons in 2026 Zimbabwe has approved the establishment of a second gold refinery to process and handle the country’s growing gold production, according to government officials familiar with the development. The new facility will be located in Bulawayo, Zimbabwe’s second-largest city, and is expected to be commissioned next year. Officials, who requested anonymity due to the sensitivity of the matter, said the project is

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Transport and Logistics Local Mining

Lobito Atlantic Railway Restarts DRC Copper Shipments Following Flood Damage Repairs

Lobito Corridor Resumes DRC Copper Exports After Flood Repairs Restore Rail Link Lobito Atlantic Railway (LAR) has received its first copper shipment from the Democratic Republic of Congo since restoring a flood-damaged section of the Lobito Corridor, reopening a critical export route for Central African minerals. The rail link between the Port of Lobito and Huambo had been closed for approximately two months after severe flooding damaged infrastructure along the route. Following emergency repair works,

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Local Corporate News Mining

Swakop Uranium and Sonangol Partner to Advance Critical Minerals Development

Angola’s Sonangol Deepens Critical Minerals Strategy With Swakop Uranium Partnership Angola’s national oil company Sonangol has signed a Project Development Agreement (PDA) with Namibia-based Swakop Uranium, marking a strategic step in Angola’s push to diversify beyond hydrocarbons into the global critical minerals sector. While financial details were not disclosed, the agreement is expected to cover exploration, project development, and technical cooperation focused on minerals essential to the energy transition, including uranium and other strategic resources.

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Local News Oil Petroleum

Angola Increases Diesel Price to 420 Kwanzas Amid Ongoing Fuel Subsidy Reforms

Angola Raises Diesel Price by 20 Kwanzas as Government Continues Fuel Subsidy Reform The price of diesel in Angola has increased by 20 kwanzas per litre, rising from 400 to 420 kwanzas, according to an announcement by the Institute for the Regulation of Petroleum Derivatives (IRDP). In an official circular, the regulator confirmed that while diesel prices have been adjusted upward, the prices of gasoline, kerosene, and gas remain unchanged. The IRDP noted that the

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Local Corporate News Oil

Equinor Acquires 30% Stake in Angola Offshore Block 16/21 in Strategic Exploration Entry

Equinor Enters Angola’s Offshore Block 16/21 With 30% Stake in Exploration Deal Norwegian energy company Equinor has acquired a 30% participating interest in Angola’s offshore Block 16/21, marking its official entry into the exploration asset through a partnership with operator TotalEnergies. The agreement was signed on June 11, 2026, in the presence of the National Oil, Gas & Biofuels Agency (ANPG). The transaction forms part of ongoing efforts to attract international investment into Angola’s upstream

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Diamonds International News

Gen Z Demand Surge Revives Interest in Natural Diamonds, Offering Relief for African Producers

Gen Z Drives US Natural Diamond Demand Recovery, Boosting Outlook for African Producers American consumers are showing renewed interest in natural diamonds, signaling a potential recovery for Africa’s diamond-producing nations after several challenging years marked by weakening prices and rising competition from lab-grown alternatives. According to De Beers’ latest US Diamond Acquisition Study, Generation Z consumers born between 1997 and 2012 is playing a central role in the resurgence. Although they represent 18% of the

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International Gold News

Mali’s Gold Mining Sector Delivers Record State Revenues in 2025 Despite Output Drop

Mali Gold Mining Revenues Hit Record $1.57 Billion in 2025 Despite Production Decline Gold mining companies operating in Mali contributed a record 888.5 billion CFA francs (approximately $1.57 billion) to the state in 2025, marking a 6.4% increase compared to 835.1 billion CFA francs in the previous year, according to Ministry of Mines data reviewed by Reuters. The West African nation hosts more than 15 industrial mining operations controlled by multinational companies, including Barrick Mining,

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International Corporate News Oil

Eni Enters Gambia Offshore Oil Exploration With New Deepwater Block A1 Licence

Eni Secures Offshore Exploration Licence in Gambia, Expanding West African Energy Footprint Italian energy major Eni has officially entered Gambia’s upstream oil and gas sector after securing an offshore exploration licence for Block A1, marking a significant expansion of its operations across West Africa’s emerging energy frontier. The company signed a petroleum exploration, development, and production licence agreement with the Government of The Gambia on June 5. The agreement was signed by the country’s Minister

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