Vital Industry News
De Beers Board Member Matome Tsholetsa Malema Passes Away Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

More Angolan Mining News

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
International Gas News

TotalEnergies and Sonatrach Partner for Gas Resource Development in Algeria

French energy giant TotalEnergies and Algeria’s state-owned Sonatrach have inked a deal to collaborate on the appraisal and development of gas resources in Algeria’s Timimoun region. The agreement aims to leverage existing processing facilities from the Timimoun field, marking a strategic partnership between the two entities. Julien Pouget, Senior Vice President Middle East & North Africa, Exploration & Production at TotalEnergies, expressed enthusiasm about expanding their partnership with Sonatrach through this Memorandum of Understanding. The

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International Gas News Oil

Libya’s Deputy Minister Abdulsadek to Manage Ministry of Oil and Gas

Libyan Prime Minister Abdulhamid Dbeibeh has appointed Dr. Khalifa Abdulsadek to oversee the country’s Ministry of Oil and Gas. The appointment follows the suspension of Libya’s former Minister of Oil and Gas Mohammed Aoun on March 25. Having served as the CEO of local service provider Murzuq Oil Services and having held a position on the board of director for exploration at the state-owned National Oil Corporation (NOC), Dr. Abdulsadek brings over 20 years of

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International Oil Petroleum

China Invites Ugandan Minister for Talks on $5 Billion Oil Pipeline Project

China has extended an invitation to Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa, to visit Beijing for discussions regarding the financing of the $5 billion East Africa Crude Oil Pipeline (EACOP). This move underscores China’s commitment to supporting the development of the project. Uganda’s President Yoweri Museveni received a letter from Chinese President Xi Jinping on April 5, expressing China’s endorsement of the pipeline project. President Museveni emphasized China’s dedication to collaborating with

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Diamonds International News Technology & Innovation

Botswana Diamonds to Utilize AI for Diamond Exploration Database

Botswana Diamonds, listed in London and Botswana, has announced plans to leverage artificial intelligence (AI) techniques to analyze its extensive database of diamond exploration data in Botswana. The company aims to enhance its search for new diamond deposits and potentially other minerals using this innovative approach. The database, comprising 380 GB of data and 260,000 files, represents one of the largest diamond exploration datasets in the country. Botswana Diamonds sees this as a solid foundation

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International Energy

Fortescue Energy and OCP Group Forge Green Hydrogen Partnership in Morocco

Fortescue Energy, a subsidiary of Australian iron-ore giant Fortescue, has announced a groundbreaking joint venture with OCP Group, a leading plant nutrition and phosphate-based fertiliser supplier based in Morocco. This equal partnership is focused on supplying green hydrogen, ammonia, and fertilisers to Morocco, Europe, and global markets. Additionally, the venture aims to develop manufacturing facilities and a research and development hub to propel the renewable energy sector in Morocco forward. Andrew Forrest, Fortescue’s executive chairperson

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International Energy News

Fortescue Launches Australia’s First Hydrogen Electrolyser Manufacturing Facility

Fortescue, a leading mining and green energy company, inaugurated Australia’s premier manufacturing facility for hydrogen electrolysers on Monday. Situated in Gladstone, Queensland, the state-of-the-art facility spans 15,000 square meters and has an initial capacity to produce 2 gigawatts per year of proton exchange membrane (PEM) electrolyser stacks. Mark Hutchinson, CEO of Fortescue Energy, emphasized that the facility positions Fortescue as an original equipment manufacturer, with the capability to produce electrolysers designed in-house by Fortescue teams

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Diamonds International News

Petra Diamonds Targets Significant Cost Savings Amid Koffiefontein Mine Sale

Petra Diamonds, a London-listed company, is poised to achieve substantial cash savings of $75 million in the 2024 financial year following the initiation of a sales process for the Koffiefontein diamond mine in South Africa’s Free State province. The company has raised its cash savings goal for the 2025 fiscal year to over $30 million through various cost-saving measures, including potential retrenchments. Having entered a sales agreement with rough diamond trader Stargems earlier this year,

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Diamonds International News

Lucapa Diamond Company Appoints Stuart Brown as Chairman of the Board

Lucapa Diamond Company has announced the appointment of industry veteran Stuart Brown as the new chairman of its board. Brown brings extensive experience from his tenure at prominent diamond-mining companies, including De Beers, Firestone Diamonds, and Mountain Province. With a career spanning two decades at De Beers, Brown served in key roles such as interim CEO and chief financial officer. Notably, during his leadership at Firestone Diamonds, he successfully raised $225 million for the development

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International Diamonds News

Stargems Group Expands Diamond Portfolio with Koffiefontein Acquisition

Dubai-based Stargems Group has finalized the acquisition of the Koffiefontein diamond mine in South Africa from Petra Diamonds, marking its third venture in the country’s diamond industry. Pending approval from South Africa’s Department of Mineral Resources and Energy, Stargems will assume ownership of the mine. The agreement includes a nominal cash consideration to Petra, with Stargems taking responsibility for environmental rehabilitation liabilities and site maintenance costs. Petra will avoid closure-related expenses estimated at $15 million

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Diamonds International Mining News

Winsome plans to acquire Renard diamond mine in Quebec

Winsome Resources has signed a binding agreement to secure an option to acquire the Renard diamond mine in Quebec from Stornoway Diamonds (Canada) and 11272420 Canada. The company opines that Renard can be repurposed to treat lithium bearing material. This move is expected to bolster the development of Winsome’s Adina Lithium Project and potentially other lithium deposits in the region. The acquisition includes an option for Winsome to take over the diamond mine’s processing facility

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