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Diamonds Local News

Angola Auction Nets $18.2 Million from Diamond Sale Amid Recovering Global Markets

11, December, 202311, December, 2023

The Government recently concluded an auction, gathering $18.2 million from the sale of eight diamonds. Attended by 25 companies from key diamond markets worldwide, the event saw special productions from various mining companies like Lulo, Somiluana, Chitotolo, and Uari. Originally set to tender 20 stones, the auction featured only 12, with Sociedade Mineira do Uari withdrawing eight stones from the bid. These diamonds, totaling 646.52 carats, were evaluated during sessions at Sodiam’s Luanda facilities. Eventually,

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Oil International News Petroleum

Libya to Increase Crude Production by 100,000 bpd in 2024

8, December, 20238, December, 2023

Libya’s state-owned National Oil Corporation (NOC) has announced plans to increase oil production by 100,000 barrels per day (bpd) in 2024, up from current levels of approximately 1.2 million bpd. The increase aligns with the country’s efforts to produce two million bpd in the next two to five years. The NOC announced that it is on track to meet this target, with two bidding rounds on the cards for next year. NOC Chairman, Farhat Bengdara,

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Diamonds International News

India and De Beers Push for Clarity and Flexibility Amid G7’s Ban on Russian Diamonds

8, December, 20238, December, 2023

India, home to 90% of the world’s diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in implementing a ban on imports of Russian gems. The Group of Seven countries on Wednesday announced a direct ban on Russian diamonds starting January 1 followed by phased-in restrictions on indirect imports of Russian gems from around March 1. Russia is the world’s

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Diamonds International News

G-7 to ban Russian Diamonds starting next year

8, December, 20238, December, 2023

Group of Seven nations have agreed to ban Russian diamond imports from the start of next year in the latest move to curb Russia’s ability to fund its invasion of Ukraine. While the G-7 and its European allies have been trying to find additional ways to squeeze Russia’s economy to constrain its ability to fund its war in Ukraine, diamonds have remained a stumbling block. Earlier attempts to sanction Russian gems in Europe had met resistance from

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Local Energy News Renewable Energy

COP28: Masdar to Develop 150 MW Solar Plant in Angola

8, December, 20238, December, 2023

Renewable energy company, Masdar, has signed an agreement with Angola’s Ministry of Energy and Water to develop a 150 MW solar photovoltaic (PV) plant in southern Angola. The solar plant will provide renewable energy to approximately 90,000 homes and is expected to create up to 600 jobs. Announced on December 1 during the COP28 Summit in Dubai, the agreement was signed between Angola’s Minister of Energy and Water, João Baptista Borges, and Masdar CEO, Mohamed

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International Energy News Renewable Energy

Mozambique: BNI Inks Deal with Emirati AMEA Power for Matambo Solar Project Development

6, December, 20236, December, 2023

Mozambique’s National Investment Bank (BNI) on Monday December 2nd signed in Dubai an agreement with AMEA Power from the United Arab Emirates valued at 150 million US dollars. The agreement is aimed at developing a photovoltaic solar power plant with an estimated annual capacity of between 125 and 200 MWp (megawatt peak). The agreement was signed during the 28th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change

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International Energy Gas News Oil

COP28: Mozambique launches Energy Transition Strategy at Climate Change Summit

6, December, 20236, December, 2023

Mozambican President Filipe Nyusi launched on Saturday 2nd December, in Dubai, the Energy Transition Strategy for 2023-2030, an initiative intended to place the country at the forefront of climate innovation, as well as making it an attractive investment destination. The launch took place during a panel at the United Nations Climate Change Summit, COP 28. “The Strategy’s mission is to leverage Mozambique’s abundant renewable and natural resources to accelerate the implementation of a low-carbon development

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Oil International News Petroleum

Zimbabwe’s Billion-Dollar Petroleum Pipeline Project Advances with Mozambican Support- Report

6, December, 20236, December, 2023

Procurement of equipment that will be used in the construction of Zimbabwe’s second petroleum pipeline project valued at over US$1 billion is on course, the deal maker of the lucrative project told the Zimbabwe Independent. Over the past 13 years, the implementation of the strategic project, which is expected to put Zimbabwe into the region’s petroleum hub, hung in the balance as the government worked on modalities to tie up the deal with a suitable

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International Gas News

UK Development Bank Eyes African Gas Projects Potentially in Mozambique

6, December, 20236, December, 2023

UK development bank British International Investment is still willing to consider funding energy projects in Africa that run on natural gas if they increase electricity access on the continent, according to officials. As the world gears up for the next round of United Nations climate talks, which start in Dubai on Thursday, there’s growing pressure on financial institutions to stop supporting fossil-fuel projects. This has prompted concerns that the fight to tackle global warming could

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Energy News Renewable Energy

COP 28: Italy pledges €5 million to advance sustainable energy in Africa

5, December, 20235, December, 2023

Italy has committed a new €5 million to support Africa’s sustainable energy initiatives through the Special Fund of the Sustainable Energy Fund for Africa (SEFA). The announcement of this new contribution was made by Vannia Gava, the Italian Deputy Minister of Environment and Energy Security, during a side event at the 2023 United Nations Climate Change Conference, COP28, on Monday 4th December. The event co-organised by Res4Africa Foundation and GSE co-organised focused on the necessity

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