Vital Industry News
Namibe Moves to Unlock Copper Potential with New Exploration Campaign Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum ANGOP Strengthens Its Role in Promoting Angola’s Growing Mining Sector Lobito Corridor Inspires Plans for Lagos-Dakar Transport Link Anglo American Nears $1bn Sale of De Beers as Diamond Crisis Deepens Tanzania’s Taifa Gas Nears Completion of $124m Kenya LPG Terminal Nigeria Awards 37 Oil and Gas Blocks as Frontier Basins Attract Investor Interest Namibia Rejects N$4bn Ghanaian-Led Oil and Gas Port Project Ghana Allocates $430m to Gold Board to Strengthen National Gold Reserves Dangote Refinery Reinstates Naira Petrol Sales After Dollar Pricing Shift
Exploration Local Mining Projects

Namibe Moves to Unlock Copper Potential with New Exploration Campaign

Local News Transport and Logistics

Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum

Local Mining News

ANGOP Strengthens Its Role in Promoting Angola’s Growing Mining Sector

More Angolan Mining News

Exploration Local Mining Projects

Namibe Moves to Unlock Copper Potential with New Exploration Campaign

Angola’s Namibe Province to Begin Copper Exploration as Mining Diversification Accelerates Angola’s Namibe Province is…
Local News Transport and Logistics

Lobito Port Handles 931,000 Tonnes of Cargo as Regional Trade Gains Momentum

Lobito Port Moves 931,000 Tonnes of Cargo in First Half of 2026, Strengthening Angola’s Regional…
Local Mining News

ANGOP Strengthens Its Role in Promoting Angola’s Growing Mining Sector

ANGOP Emerges as Key Voice in Angola’s Mining Sector Development The contribution of the Angola…
Transport and Logistics Local News

Lobito Corridor Inspires Plans for Lagos-Dakar Transport Link

Lobito Corridor Sparks Plans for New Lagos-Dakar Trade and Transport Link The success and growing…
Corporate News Diamonds International

Anglo American Nears $1bn Sale of De Beers as Diamond Crisis Deepens

Anglo American in Talks to Sell De Beers for About $1bn as Diamond Market Struggles…
International Gas News

Tanzania’s Taifa Gas Nears Completion of $124m Kenya LPG Terminal

Rostam Aziz’s $124m LPG Terminal Set to Disrupt Kenya’s Cooking Gas Market Taifa Gas, controlled…
International Corporate News Gas Oil

Eni and Petronas Begin Development of $11.8bn Indonesia Gas Project

Eni and Petronas Start $11.8bn North Hub Gas Project in Indonesia Searah, the joint venture between Italy’s Eni and Malaysia’s Petronas, has started developing a floating gas processing facility for its $11.8-billion North Hub project in Indonesia. The company held a first steel-cutting ceremony on Thursday to mark the start of construction of a Floating Production, Storage and Offloading (FPSO) vessel that will process gas from 16 wells at the Geng North and Gehem fields.

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Corporate News Diamonds International

Petra Diamonds Revenue Falls to $38 Million as Finsch Mine Rescue Process Continues

Petra Diamonds Revenue Drops to $38 Million as Debt Rises and Finsch Mine Remains Suspended London-listed Petra Diamonds reported a sharp decline in fourth-quarter revenue as financial pressure and operational challenges continued across the business. Revenue for the fourth quarter of the 2026 financial year fell to $38 million from $68 million in the third quarter, while consolidated net debt increased to $322 million as at June 30, from $298 million at March 31. The

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Corporate News Diamonds International

Gem Diamonds’ Letšeng Mine Delivers 33% Increase in First-Half Sales Value

Gem Diamonds’ Letšeng Mine Boosts First-Half Sales Value 33% to $59.5 Million Despite Lower Output London-listed Gem Diamonds recorded a 33% year-on-year increase in diamond sales value to $59.5 million in the first half of the year, despite a decline in recovered carats. The company recovered 41,695 carats during the six months to June 30, representing a 12% decrease compared with the same period last year. Diamond sales volumes also declined by 4% year on

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International News Oil

Nigeria Advances Oil and Gas Licensing Round as 143 Companies Compete for 50 Blocks

NUPRC Moves Nigeria Oil Licensing Round to Commercial Stage with 143 Companies Bidding for 50 Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has advanced its oil and gas licensing round to the commercial bidding stage, with 143 companies competing for 50 petroleum blocks across Nigeria’s established and frontier hydrocarbon basins. The invitation-only commercial bid conference marks a major milestone in the licensing process, which aims to attract new investment into Nigeria’s upstream sector and

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Energy Corporate News International Oil

Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex

Sintana Energy’s Mopane-2X Well Strengthens Namibia’s Offshore Oil Potential Sintana Energy has successfully completed drilling operations at the Mopane-2X well in Namibia’s PEL 83 offshore block, confirming the presence of high-quality light oil and further strengthening the exploration potential of the Mopane complex. The discovery adds to growing evidence that PEL 83 is emerging as one of Namibia’s most promising hydrocarbon regions, with results expected to support future development opportunities and Sintana Energy’s long-term growth

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International Gas Oil

DRC Exploits Only 4.5% of Hydrocarbon Potential Despite Vast Oil and Gas Reserves

DRC’s 22 Billion-Barrel Oil Potential Remains Largely Untapped as Government Pushes Hydrocarbon Development The Democratic Republic of Congo (DRC) is currently exploiting only a small fraction of its vast hydrocarbon potential, despite estimated reserves of 22 billion barrels of oil and 66 billion cubic metres of gas across its major sedimentary basins. According to Joseph Twite Maloba, President of the Professional Committee of Petroleum Companies of the Federation of Enterprises of Congo (FEC South) and

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International Gas Oil

Afreximbank Backs Algeria’s Hassi Bir Rekaiz Expansion with $200 Million Financing

Afreximbank Approves $200 Million to Support Algeria’s Major Hassi Bir Rekaiz Oil and Gas Development The African Export-Import Bank (Afreximbank) has approved a $200 million financing package to support Shoreline Power Company Limited and Italy’s Arkad SpA in the development of the Hassi Bir Rekaiz (HBR) Phase 2a oil and gas project in Algeria, one of the country’s largest upstream energy developments. The financing will enable Arkad to execute its 44% share of the $980

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International Energy Oil

Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy

Gulf States Advance Seven Pipeline Projects to Bypass Strait of Hormuz, Reshaping Africa’s Energy Trade Gulf countries are accelerating the development of seven major oil and gas pipeline projects designed to bypass the Strait of Hormuz, a strategic maritime chokepoint through which nearly one-fifth of the world’s oil supply passes. The investments aim to strengthen energy security, reduce export risks and ensure uninterrupted access to international markets. The projects, led by Saudi Arabia, the United

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Diamonds Corporate News International

De Beers Reports Strong Production Growth Despite Challenging Diamond Market

De Beers Rough Diamond Output Rises 88% as Botswana Operations Drive Production Recovery Global diamond producer De Beers has reported a significant increase in rough diamond production, with output rising 88% year-on-year to 7.8 million carats in the second quarter of 2026. The increase lifted the company’s first-half production to 14.91 million carats, representing a 46% rise compared with the same period last year. De Beers attributed the growth mainly to the recovery of production

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International News Renewable Energy

Zambia Expands Renewable Energy Capacity with 100MW Chisamba II Solar Plant

Zambia Doubles Chisamba Solar Capacity to 200MW to Support Mining and Energy Security Zambia has commissioned the 100MW Chisamba II Solar Power Plant, doubling the capacity of the Chisamba Solar Complex to 200MW as the country strengthens its renewable energy capacity and improves electricity security. Developed by power utility ZESCO, the project was financed through a US$71.5 million loan from Stanbic Bank Zambia and supported by a 13-year power purchase agreement with regional energy trader

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