Vital Industry News
Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field 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
International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

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

More Angolan Mining News

International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian…
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…
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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Corporate News Diamonds Local

Sociedade Mineira do Luele Strengthens Diamond Value Chain with Itraceit Traceability System

Luele Mining Adopts Advanced Itraceit System to Boost Diamond Transparency, Compliance, and Ethical Sourcing Sociedade Mineira do Luele has announced the integration of Itraceit, a state-of-the-art technological traceability system designed to enhance transparency, control, and regulatory compliance throughout the company’s diamond value chain. According to the company, adopting the Itraceit platform marks a significant milestone in its technological modernization efforts. The system supports Luele’s ongoing commitment to continuous improvement, operational efficiency, and strict compliance with

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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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