Vital Industry News
Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project Angola’s Oil and Gas Dominate Economy with $27.7 Billion in Export Revenues in 2025 Sodiam Raises $21.7 Million at Luanda Diamond Auction, Exceeding Expectations Anglo American Advances Copper Exploration in Angola’s Moxico Leste Province Dana Gas Reports Major Egypt Gas Discovery as Outstanding Payments Are Fully Settled Tower Resources Secures Regulatory Approval for PEL96 Farm-Out Deal in Namibia Shell Predicts Strong Long-Term Growth for Global LNG Market Despite Supply Disruptions
Local Corporate News Mining Projects

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

Diamonds Corporate News International

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

More Angolan Mining News

Local Corporate News Mining Projects

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed…
Diamonds Corporate News International

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure…
International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic…
International News Renewable Energy

Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project

Egypt Awards $560 Million EPC Contract for 1GW Solar Project with Battery Storage Egypt has…
Local Economy Gas Oil

Angola’s Oil and Gas Dominate Economy with $27.7 Billion in Export Revenues in 2025

Angola’s Oil and Gas Exports Reach $27.7 Billion in 2025 as Production Exceeds One Million…
Corporate News Diamonds Economy

Sodiam Raises $21.7 Million at Luanda Diamond Auction, Exceeding Expectations

Angola's Sodiam Earns $21.7 Million from Diamond Auction as Sales Surpass Expectations by 23% Angola's…
International Corporate News Gas

IRH Global Trading and Vitol Sign 20-Year LNG Sale and Purchase Agreement

IRH and Vitol Finalize 20-Year LNG Supply Deal for 1.0 mtpa to Strengthen Global Energy Security IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), and Vitol Inc. have announced the execution of a long-term natural gas Sale and Purchase Agreement (SPA), further building on the initial announcement made on 5 November 2025. Under the terms of the agreement, Vitol will supply 1.0 million tonnes per annum (mtpa) of liquefied natural gas (LNG)

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Gas Corporate News International Oil

ADNOC Advances Bab Gas Cap Project in Major Step Toward Global Gas Expansion

ADNOC Advances Bab Gas Cap Project, Set to Become World’s Largest Gas Cap Development The UAE is progressing with a key component of its long-term energy strategy as ADNOC moves ahead with the development of the Bab Gas Cap project, which could become the world’s largest gas cap development if fully realised. An ADNOC-led concession has been selected to develop and operate the project, which is expected to produce around 1.5 billion standard cubic feet

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Transport and Logistics International

DRC Joins Luxembourg Rail Protocol, Opening Door to Major Rail Investment in Africa

DRC Accession to Luxembourg Rail Protocol Set to Unlock Rail Investment and Boost African Trade Corridors The Democratic Republic of Congo (DRC)’s accession to the Luxembourg Rail Protocol is being viewed as a major milestone for Africa’s transport and logistics sector, with the potential to unlock private investment in railway rolling stock and strengthen key regional trade corridors. The Luxembourg Rail Protocol, which entered into force on 8 March 2024, establishes an internationally recognised legal

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Corporate News International Oil

TotalEnergies Plans Exit from Ethiopia Fuel Retail Market in Potential OLA Energy Deal

TotalEnergies to Sell 120 Ethiopian Fuel Stations to OLA Energy as Downstream Sector Reshapes TotalEnergies is preparing to exit Ethiopia’s fuel retail market through the planned sale of its network of approximately 120 service stations to OLA Energy, a pan-African downstream operator formerly known as OiLibya. The agreement, which has not yet been publicly confirmed by either company, would transfer one of Ethiopia’s most established international fuel retail networks to OLA Energy. The financial terms

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International Energy Gas News

World Bank Warns Rising Gas Flaring Undermines Africa’s Energy Security

Global Gas Flaring Reaches 167 Billion Cubic Metres, Matching Africa’s Annual Gas Consumption, World Bank Says Global gas flaring increased to 167 billion cubic metres in 2025, its highest level since 2019, highlighting a growing challenge for energy security and economic development, particularly in Africa, according to the World Bank’s Global Gas Flaring Tracker Report 2026. The report found that gas flaring has risen for the third consecutive year, indicating that efforts to reduce the

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International News Oil

Strait of Hormuz Shipping Rebounds, Easing Fuel Supply Risks for Africa

Record Vessel Traffic in Strait of Hormuz Signals Easing Energy Supply Risks for Africa’s Fuel Importers Shipping activity through the Strait of Hormuz has surged to its highest level since recent conflict disrupted operations in one of the world’s most critical energy corridors, offering potential relief for African economies heavily reliant on imported fuel. According to vessel tracking data from S&P Global Market Intelligence and S&P Global Commodities at Sea, 78 vessels transited the strait

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International Gold News

Ghana Raises Mandatory State Gold Purchases to Strengthen Reserves and Expand Local Value Addition

Ghana Increases Gold Sales to State to 30% as It Builds Reserves and Expands Domestic Refining Strategy Africa’s largest gold producer, Ghana, is increasing the volume of gold that mining companies must sell to the state as part of a broader strategy to strengthen foreign reserves, stabilise the national currency, and retain more value from its mineral resources. From July 1, large-scale mining companies operating in the country will be required to sell 30% of

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International Corporate News Oil

Dangote Refinery Imports 1.46 Billion Litres of Blendstock Amid Production Ramp-Up

Dangote Refinery Imports 1.46 Billion Litres of Gasoline Blendstock While Maintaining Over 100% Capacity Utilisation Nigeria’s 650,000-barrel-per-day Dangote Refinery imported an estimated 1.46 billion litres of intermediates and gasoline blendstock over a five-month period from January to May 2026, according to industry data derived from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) statistics. The imported products are not sold directly to consumers. Instead, they are used as secondary feedstock, blended with other refinery

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International News Oil

Sierra Leone Awards Offshore Exploration Licence to Marginal Energy Limited

Sierra Leone Grants Offshore Oil and Gas Licence to Marginal Energy for 6,800 km² Block Area Sierra Leone has granted an offshore oil and gas exploration and production licence to Nigerian-based Marginal Energy Limited, marking a significant step in the country’s efforts to attract investment into its emerging upstream petroleum sector. The agreement was signed by the Petroleum Directorate of Sierra Leone (PDSL) and covers offshore blocks G-145, G-146, G-147, G-160, and G-161. Collectively, the

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International Gas Oil

Chevron Begins New Drilling Campaign at Egypt’s Nargis Offshore Gas Field

Chevron Launches New Well Drilling at Nargis Gas Field Offshore Egypt’s East Nile Delta Basin Chevron has commenced drilling a new appraisal well at Egypt’s Nargis natural gas field, marking a key step forward in the development of the offshore discovery made in 2022. The project is being led by Chevron in partnership with Eni, Mubadala Energy, and Tharwa Petroleum Company. The Nargis field is located in the East Nile Delta Basin, approximately 50 kilometres

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