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

Egypt Buys LNG to Avoid Summer Gas Shortage

Bloomberg reports that traders familiar with the matter have disclosed that the Egyptian Natural Gas Holding Company (EGAS) has purchased at least one shipment of liquefied natural gas (LNG) for delivery in May and is actively seeking several more. In an unusual move, Egypt has initiated the purchase of LNG in an effort to avert potential shortages this summer. The traders highlighted that the new LNG shipment is scheduled to route through an already established

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International Gas News Oil

Dangote’s Mega-Refinery Set to Transform Nigeria’s Petroleum Landscape

In May, Nigeria is poised to witness a significant shift in its petroleum dynamics as the country’s new mega-refinery, constructed outside Lagos by Africa’s wealthiest individual, Aliko Dangote, prepares to commence domestic gasoline deliveries. This development marks a pivotal moment for the nation, aimed at reducing its reliance on costly petroleum imports. According to Devakumar Edwin, Executive Director of Dangote Industries, the facility has already dispatched its inaugural petroleum products—diesel and aviation fuel—on Tuesday. However,

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International Energy News

Zambia to import an additional 40 megawatts of power from Mozambique

Zambia and Mozambique strengthened their collaboration to address Zambia’s electricity deficit by signing an agreement for additional power imports last week. The agreement, signed by Zambia’s power utility, Zesco Limited, and Mozambique’s state-owned energy firm, Mozambique Electricity (EDM), will enable Zambia to import an additional 40 megawatts of power, supplementing the existing 50 megawatts from a previous agreement. This brings the total importation to 90 megawatts, effective until June 30, 2025. Victor Mapani, managing director

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Gold International Mining Projects News

Infinity to Bolster Egyptian Mining with $1BN Investment

Russian mining firm Infinity plans to invest up to $1 billion in Egypt’s gold mining industry to boost its business portfolio and the country’s extractive sector. Infinity announced its participation in a bidding round initiated by Egyptian mining company Shalateen Mineral Resources, which aims to explore and exploit gold and associated minerals in Egypt, focusing on the resource-rich basins of Baramiya and Hamata. Infinity’s investment plan is expected to generate up to 100,000 jobs and includes the establishment of a

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Energy

Study Shows Consistency in Global Wind Power Production

Consulting firm Eoltech has released findings from a recent study examining wind resource variations over the past 15 years. The study reveals that global wind power production maintains a high level of predictability. According to the results, wind power production worldwide exhibits annual fluctuations within a range of ±3%. These conclusions are based on data from the Interstate Renewable Energy Council index, which covers 80% of onshore wind farms installed globally by 2023. “While individual

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International Economy News

Zimbabwe adopts new currency to fight galloping inflation

Zimbabwe, plunged into a serious economic crisis over the last 20 years, announced last week the adoption of a new currency called “ZiG” Zimbawe Gold (Zimbabwe Gold) and the replacement of the current Zimbabwe Dollar, to try to combat hyperinflation and stabilize the economy from the country. With inflation officially hovering around 55% after this rate reached triple digits last year, the governor of the Central Bank of Zimbabwe, John Mushayavanhu, announced last Friday the

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Diamonds Local News

Luele Mining Company Announces 119 Job Openings to Bolster Operations

Luele Mining Company has unveiled 119 job opportunities across various fields to strengthen its workforce and enhance operations at the mine. According to Constantino António, the head of provincial services at the National Institute for Employment and Vocational Training (INEFOP) in Lunda-Sul, positions available include service assistants, safety personnel, firefighters, machine operators, technicians, engineers, and specialists in various fields. Interested candidates are required to register at INEFOP with necessary documents, including their ID, passport-sized photos,

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News Mining

Geoangol’s Interim Director Urges Quality Boost in Borehole Drilling Amid Mining Expansion

Domingos Kimba Baptista, the interim director general of Geoangol, emphasized the need for Angola to enhance the quality of borehole drilling services to meet the rising demands of internationally renowned mining companies entering the country. In his first interview since assuming the position, Baptista highlighted the challenges ahead for Geoangol. “With the arrival of global giants like Anglo American, Rio Tinto, and De Beers, our focus is on upgrading our operational procedures to match their

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Diamonds Local Mining News

Catoca Mining Company Enhances Water Management with New Pumps

Catoca Mining Company, situated in the province of Lunda Sul, has recently acquired nine suction pumps equipped with an advanced automation system from South Africa. These pumps boast a pumping capacity of up to 800 cubic meters per hour, aimed at improving the flow and suction of submerged water within the mine. According to José Jorge Chingango, head of the Water Evacuation section, the acquisition of these pumps will ensure smoother operations. Initially, maintenance will

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Local Mining Mining Projects News

Somiluana Mining Company to Inaugurate New Sorting Plant

The Somiluana Mining Company, located in Lunda-Norte province, is set to inaugurate its new Sorting Plant (CRP) this month, with a capacity of 6 tons of cubic meters. Guilherme Raimundo, the deputy general director of the mining company, announced that this new facility could significantly boost diamond production at the secondary deposit by approximately 12,000 carats per month, leading to the creation of over 700 jobs. The inauguration ceremony marks the commencement of large-scale production

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