Vital Industry News
Lucara Unearths High-Quality Blue Diamond at Karowe Mine Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025 Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola
Corporate News Diamonds International

Lucara Unearths High-Quality Blue Diamond at Karowe Mine

International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

More Angolan Mining News

Corporate News Diamonds International

Lucara Unearths High-Quality Blue Diamond at Karowe Mine

Lucara Recovers Rare 36.92-Carat Blue Diamond from Karowe Mine in Botswana Lucara Diamond Corp has…
International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Africa Expands LNG Exports to Europe as Demand Rises Amid Energy Supply Uncertainty Africa is…
Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

Nigeria Cuts Petrol Imports as Dangote Refinery Meets 92% of Fuel Demand Nigeria recorded a…
Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Ghana’s Damang Mine Set for Local Takeover as Engineers and Planners Prepares Operations Ghana’s mining…
Corporate News International Mining Personality

Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa

Chevron Names Emmanuelle Garinet Director of Exploration for the Americas and Africa Energy supermajor Chevron…
Corporate News Local Oil

Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection

Cabinda Refinery Prepares for Petroleum Production After Ministry Inspection A delegation from the Ministry of…
Local Mining News

Angola-Japan Partnership Boosts Geological Studies with $3 Million Aid

The Geological Institute of Angola (IGEO) is set to enhance its geological studies across the country, thanks to a generous non-refundable financial aid of three million dollars from Japan. The announcement was made by the Secretary of State for International Cooperation and Angolan Communities during the signing ceremony of the Exchange of Notes on the Implementation of the Economic and Social Development Program in Mineral Resources. The aid, part of the Cooperation Protocol between IGEO

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International Oil Petroleum

Equatorial Guinea: Petrofac Secures $350M Contract to Support NOC

International service provider Petrofac has been awarded a $350 million technical services contract by Equatorial Guinea’s NOC GEPetrol. In support of Equatorial Guinea’s Block B assets, Petrofac will deliver services across onshore support bases, an FPSO and a platform on behalf of GEPetrol – which serves as the block’s operator – for five years. “We will grow our economy through diverse partnerships and investment in our people. Combining our strong indigenous capabilities, with Petrofac’s global

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Diamonds Economy Local News

SODIAM raises 17 million dollars in Diamond auction

The National Diamond Trading Company of Angola (SODIAM) raised, this Friday 19th April, 17 million dollars with the sale of 636.28 carats (auction of 20 special stones). According to a press release, these are rough diamond productions from the Mining Companies of LULO SOMILUANA, CHITOTOLO, UARI and KAIXEPA.  The evaluation sessions took place from the 11th to the 18th of this month, at SODIAM’s facilities in Luanda, with bids being submitted electronically on the online

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Diamonds International News

De Beers Sales Down but on Road to Rebound

Proceeds at De Beers’ third rough-sales cycle of the year remained sluggish compared to a year earlier but continued to see improvement despite entering a traditionally slow period for the industry. The miner brought in $445 million in April, down 18% versus the equivalent period in 2023, it said Wednesday. However, that figure is 3% higher than the $431 million the company reported at its second sight of the year, which ran from February 26 to March

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Diamonds International News

Petra’s Rough Prices Continue to Slip Amid Weak Demand

Petra Diamonds’ rough prices decreased at its latest tender, as smaller goods experienced seasonal weakness. The fifth trading session, which took place in April, brought in $49 million from the sale of 362,132 carats, while like-for-like prices slipped 1% versus February, the miner reported Tuesday. Of the total, $8.2 million came from the sale of a 14.76-carat, blue diamond from the Cullinan mine in South Africa. The sales value was up 3% from February’s $48 million and

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Diamonds Infrastructure News

Rio Tinto Diamond Output Falls Amid Bereavement Pause

Production at Rio Tinto’s Diavik mine in Canada slid in the first quarter after the miner halted production to allow workers to grieve for colleagues who died in a plane crash. Output fell 22% year on year to 740,000 carats for the three months that ended March 31, Rio Tinto said Tuesday. However, production was 12% higher than the previous quarter, during which the miner closed two kimberlite pipes and produced lower-grade ore. The company

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International News Oil

Global oil refining capacity at high risk of closure

As much as 3.6 million barrels a day (mmbd) of global refinery capacity has been assessed as being under high-risk of closure, according to Wood Mackenzie’s latest refinery closure threat analysis. The report ‘Global refinery closure threat update’ shortlists 120 out of 465 refining assets at high, medium, or low risk of closure based on 2030 net cash margin (NCM) forecasts. The total global refinery capacity at some risk of closure amounts to 19.95 mmbd,

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Local Infrastructure News

76 percent of Construction halted at the end of 2023

Seventy-six percent of the country’s works were at a standstill in the third quarter of last year, according to figures from the National Statistics Institute (INE), which say that, of 3,125 buildings visited in that period, 2,404 were inactive. The numbers are included in the Quarterly Survey of Progress and Monitoring of Buildings in the Construction Process (ITAEPC), a document produced to characterize the progress of the construction of private buildings in the country’s main

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International Gas News

PetroSA Expands Gas Supply with Mozambique Deal

PetroSA, South Africa’s state-owned oil and gas company, is gearing up for the arrival of gas shipments from Mozambique’s ENH later this year. This move is part of PetroSA’s strategy to boost energy reserves and mitigate potential shortages. Having secured a gas trading license from regulators in March, PetroSA wasted no time in finalizing a deal for an initial 2 petajoules of gas annually, with plans to increase this to 200 petajoules in the future.

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Local Gas News Oil Petroleum

Angola’s Newfield Deepwater FPSO Project Commences

Angola’s deepwater Block 15/06 partners have reached a significant milestone with the completion of the survey and installation of the initial modules of the FPSO for the Agogo field, according to reports from the country’s regulator. The National Oil, Gas, and Biofuels Agency (ANPG) announced that the first two modules of the FPSO Agogo have been successfully installed, marking the beginning of a crucial phase in the project. ANPG stated, “These are the first two

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