Vital Industry News
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 Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

More Angolan Mining News

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears…
International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across…
Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank…
Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed…
Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
Corporate News International Oil

TotalEnergies Denies Involvement in Alleged LNG Site Civilian Killings in Mozambique

TotalEnergies Rejects War Crimes Allegations Amid Mozambique LNG Project Restart TotalEnergies CEO Patrick Pouyanne has strongly rejected accusations that the French energy company bears responsibility for the alleged killing of civilians at its liquefied natural gas (LNG) project site in Mozambique four years ago. The European Center for Constitutional and Human Rights (ECCHR) stated Tuesday that the company “is accused of having directly financed and materially supported” a Mozambican armed unit that allegedly detained, tortured,

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International Corporate News Gas Oil

Mozambique Reinstates LNG Force Majeure, Blocks TotalEnergies’ Extension Bid

Mozambique Restores LNG Force Majeure Period, TotalEnergies Concession Extension Rejected The Mozambican Government has decided to reinstate the four-and-a-half-year suspension period during which the LNG megaproject in Cabo Delgado was under force majeure, rejecting TotalEnergies’ proposal for a ten-year extension of the concession to offset losses incurred during the halt. A source close to the process told Lusa that the resolution, approved at Tuesday’s Council of Ministers meeting, “in line with applicable regulations, reinstates the

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Local Mining Projects News

Angola to Fast-Track Mining Permits Amid Push for Investment

Angola Aims to Speed Up Mining Rights Approvals to Attract More Foreign Investment and Improve Sector Transparency Angola is preparing to shorten the timeframe required to award mining rights as part of a broader effort to attract greater investment into the country’s growing minerals sector. Minerals and Petroleum Minister Diamantino Azevedo said the National Agency of Mineral Resources (ANRM) must reduce bureaucracy, strengthen inspections, and accelerate the rollout of a digital mining registry to improve

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Corporate News Diamonds International

Provisional Liquidation Casts Uncertainty Over Namibia’s Elizabeth Bay Diamond Mine

Elizabeth Bay Mine Faces Uncertain Future as Sperrgebiet Diamond Mining Placed in Provisional Liquidation The Elizabeth Bay Mine in Namibia faces renewed uncertainty after the High Court ordered the provisional winding-up of its operator, Sperrgebiet Diamond Mining (Pty) Ltd, following an application by Lewcor Holdings (Pty) Ltd. Lewcor argued that the company is financially distressed and at risk of dissipating assets, prompting the court to freeze operations and place the mine under judicial oversight. High

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International News Oil

Zambia Approves Investor Licence for Ndola Oil Refinery Project

Zambia Approves $510 Million Oil Refinery Project in Ndola as ZDA Issues Investor Licence The Zambia Development Agency (ZDA) has issued an Investor Licence to China Zambia Petrochemical Energy Company Limited, paving the way for the launch of a USD 510.49 million oil refinery in Ndola, Copperbelt Province. The project, expected to create 454 jobs, will be developed through a Special Purpose Vehicle (SPV) partnership between the Industrial Development Corporation (IDC) and Xiang Xin Holding

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Local Gas News

Angola’s New Gas Project in Soyo to Be Inaugurated This Year

Soyo Gas Project Led by Azule Energy Set to Boost Angola’s Energy Supply and Industrial Growth The first non-associated gas project in Angola, under construction since October 2023 in Soyo, Zaire Province, could be inaugurated later this year, announced Minister of Mineral Resources, Oil and Gas, Diamantino de Azevedo, on Monday. The minister made the announcement following an inspection of the New Gas Consortium (NCG) plant, led by Azule Energy, confirming that the project is

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Diamonds News

Global Diamond Market Faces Caution Amid Synthetic Pressure and Price Challenges

2025 Diamond Market Sees Growth in Volume but Price Pressures Persist Amid Traceability Rules In 2025, the global diamond market remains cautious due to international regulations requiring verification of origin, traceability, and strict compliance measures. At the same time, synthetic diamonds are exerting significant pressure, with sales in the United States growing by approximately 84 percent, while their prices have dropped by around 90 percent. Although diamond production has doubled, the average price per carat

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Local News Transport and Logistics

Angola Enhances Lobito Corridor for Regional Transport and Trade

Angola Signs Agreement to Boost Lobito Corridor as Regional Transport, Trade, and Logistics Hub Angola has taken a significant step in asserting its role as a key player in regional transport and trade, following the signing of an agreement on Monday in Luanda between the Angolan Government and the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL). The agreement establishes the opening of a representation of the Agency in Angola. The signing ceremony was presided over

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Corporate News Diamonds Local

SODIAM Reports Strong Revenue Growth and Increased Diamond Sales in 2025

Angola’s SODIAM Posts $1.4 Billion in Revenue and Major Sales Growth Between January and October The National Diamond Trading Company of Angola (SODIAM) recorded total gross revenue of $1.4 billion between January and October of this year, reflecting an increase of $338.5 million compared to the same period in 2024. A company statement notes that these results demonstrate the robustness of SODIAM’s commercial strategy. During the same period, the company reached a sales volume of

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Expos & Events

COP30 to Bring Global Climate Debate to the Amazon in 2025

Belém Hosts COP30 as World Leaders Focus on Amazon’s Role in Climate Action The heart of the Amazon will host the 30th United Nations Conference on Climate Change (COP30), taking place from 10 to 21 November 2025. This edition of the conference is expected to mark a decisive turning point for international climate policy, as world leaders gather within the planet’s largest rainforest to discuss urgent environmental challenges. COP30—the Conference of the Parties—is the central

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