Vital Industry News
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 Nigeria to Launch Cawthorne Crude Exports as Output Recovers
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

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

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 Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Corporate News Diamonds Local

Endiama Reinforces Commitment to Transparency at Kimberley Process Meeting in the UAE

Endiama Strengthens Angola’s Diamond Sector at Kimberley Process Meeting 2025 in the UAE Endiama is actively participating in the 2025 Kimberley Process Meeting, taking place from November 17–21 in the United Arab Emirates, where the company is reinforcing Angola’s commitment to modernizing Kimberley Process (KP) certification and improving global mechanisms for diamond sector credibility, transparency, and responsible governance. The Angolan delegation includes Endiama Executive Administrator Domingos Margarida and Neide Fastudo, Head of Communication and Institutional

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Local Mining News

Angola’s Mining Sector Gains Stability Through Local Skills Development

Angola’s Mining Renaissance: GeoAtlânticous Invests in Local Talent to Drive Stability and Growth Angola’s mining sector is undergoing a transformation that goes beyond geology and infrastructure. At the heart of this renaissance lies a bold commitment to people. Companies like GeoAtlânticous are investing in training Angolan geologists and engineers, a move that promises to reshape the industry by embedding expertise within the country itself. From Dependency to Self-Reliance For decades, Angola’s mining projects leaned heavily

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Corporate News Oil

ExxonMobil to Extend Block 15 Operations in Angola with $3 Billion Investment

Angola’s Block 15 Secures $3 Billion ExxonMobil Investment to Boost Oil Production Through 2037 ExxonMobil will invest three billion dollars to extend the operational lifespan of Block 15 in Angola, following the signing of a new agreement with the National Agency of Petroleum, Gas and Biofuels (ANPG). The deal was formalized on November 13th in Luanda, during a ceremony led by the Minister of Mineral Resources, Petroleum and Gas. According to the Ministry’s statement, the

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Diamonds Corporate News International

WDC Urges Kimberley Process to Adopt Modern Conflict Diamond Definition at 2025 Plenary

Kimberley Process Faces Crucial Vote as WDC Calls for Expanded Conflict Diamond Definition in 2025 World Diamond Council (WDC) president Feriel Zerouki opened the 2025 Kimberley Process (KP) plenary with a strong appeal for member states to endorse a modernised and expanded definition of conflict diamonds, marking a potentially historic shift for the global certification scheme. Zerouki emphasised that the proposal is the result of three years of drafting, negotiation and consensus-building led jointly by

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Oil Gas International

Libya’s NOC Announces Six New Oil and Gas Discoveries in 2025

Libya’s National Oil Corporation Discovers Six New Wells Adding 168 Million Barrels of Oil Reserves The National Oil Corporation (NOC) of Libya has announced the discovery of six new oil wells in 2025, with an estimated recoverable oil reserve of 168.1 million barrels and gas reserves of 52.019 billion cubic feet. According to NOC data, three of the wells have successfully passed testing, one is still under evaluation, and two have been temporarily suspended. The

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Corporate News International Oil

Aliko Dangote Plans 2,000 km Fuel Pipeline from Namibia to Zimbabwe

Dangote Group to Build Namibia–Zimbabwe Fuel Pipeline Following $1 Billion Investment Deal Nigerian billionaire Aliko Dangote has announced plans to construct a 2,000-kilometre fuel pipeline running from Walvis Bay in Namibia, through Botswana, to Bulawayo in Zimbabwe. Dangote revealed the plan to Zimbabwean media after signing a US$1 billion investment agreement with the Zimbabwean government in Harare on Wednesday. The deal was finalised during a meeting with President Emmerson Mnangagwa. “I have signed an agreement

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Corporate News International Oil

Rhino Resources Extends Offshore Drilling Campaign in Namibia with Additional Well Test

Rhino Resources Expands Namibia Offshore Program, Targets First Oil by 2030 Rhino Resources has extended its offshore drilling campaign in Namibia after amending its contract with Northern Ocean Ltd (NOL) to include an additional firm well test on the Deepsea Mira rig. The contract amendment adds 28 days to the firm term and will be executed before the three optional wells already scheduled under the existing agreement. The Deepsea Mira, owned by Northern Ocean and

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Renewable Energy International News

Namibia Aims for 400 MW of Renewable Energy by 2030 to Boost Economy and Energy Security

Namibia Targets 367–400 MW Renewable Energy Capacity by 2030 to Drive Industrial Growth and Job Creation Namibia is targeting between 367 and 400 megawatts (MW) of renewable energy capacity by 2030, focusing primarily on solar and biomass projects. Eduardo Rodriguez, Chairperson of the Namibia Petroleum Operators Association, said the planned expansion will enhance energy security, support industrial growth, and help the country meet its climate commitments. “Renewables are a fundamental component of Namibia’s economic diversification

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Corporate News Diamonds International

Namibia Confirms No Decision Made on Potential De Beers Share Acquisition

Namibia Maintains Current Diamond Holdings, Says No Cabinet Decision on De Beers Equity The Namibian government has clarified that no decision has been made regarding the potential acquisition of shares in De Beers. The Ministry of Mines and Energy confirmed that the matter has not yet been considered by Cabinet. The Ministry emphasized that the State remains fully invested in its existing 50% stakes in Namdeb and Debmarine Namibia, which continue to underpin the country’s

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International Gas News

Mozambique Earns $67.6 Million from Oil and Gas as Sovereign Fund Nears Launch

Mozambique Natural Gas and Oil Revenues Reach $67.6 Million in 2025 Ahead of Sovereign Fund Rollout Mozambique earned US$67.64 million from oil and natural gas exploitation up to September 2025, according to the Ministry of Finance. Budget execution data for January to September 2025 shows that US$24.68 million came from the Mining Production Tax, while US$42.96 million was derived from the “profit oil” component—revenues from production exceeding the “cost oil” allocated to the Mozambican State.

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