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Economy Mining News

Angolan Mining Sector attracts more Investment

10, February, 202310, February, 2023

The Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo, announced Wednesday 8th February in Cape Town, South Africa, that many companies have guaranteed investment for the Angolan mining sector, during this year’s edition of the Forum “Indaba Mining ” 2023. Diamantino Azevedo advanced these guarantees at the end of the intergovernmental conference, held on the sidelines of “Mining Indaba 2023”, having also stressed that at the said meeting he presented the achievements of

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Diamonds Local Mining News

CATOCA Diamonds, A Beacon of Triumph in the Gemstone Trade

10, February, 202310, February, 2023

The general director of the Catoca mining Society, Benedito Manuel, said on Tuesday 7th February in Cape Town that the fourth largest mine in the world has managed to maintain positive revenue indicators, despite facing difficulties in the logistics chain offered by the country. Speaking to the press on the sidelines of the International Conference on Mining in Africa, Benedito Manuel reassured potential businessmen who intend to invest in the country, encouraging them to enter

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Energy International News

Earthquakes Cause Severe Damage To Turkey’s Energy Infrastructure

9, February, 20239, February, 2023

Turkey’s energy infrastructure has suffered severe damage from the two earthquakes that shook Turkey and neighbor Syria yesterday, killing more than 3,000 people, according to the country’s government. The first 7.7-magnitude quake damaged a big port on the Mediterranean, Turkey’s Energy and Natural Resources Minister Fatih Donmez said, as quoted by news agencies, and later in the day, a fire broke out at the same port. Operations at the Ceyhan oil terminal were halted as a result of the

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Oil Economy News

More than 250 Companies invited to Invest in Critical Minerals

9, February, 20239, February, 2023

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, invited this Tuesday 7th Feb, in Cape Town, South Africa, more than 250 companies linked to the mining sector to invest in critical miners in the country. Diamantino Azevedo, who is participating in the Mining Fair “Indaba Mining 2023”, to attract investment in the mining sector, was satisfied with the number of companies interested in investing in the national market. Tuesday, the day that was reserved

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Diamonds Economy News

ENDIAMA Works to Extend its Value Chain

9, February, 20239, February, 2023

The president of ENDIAMA, José Manuel Ganga Júnior, said on Tuesday 7th feb in Cape Town that the state-owned diamond company is increasingly focusing on diversifying its economic activity. Speaking to the press as part of Angola’s participation in the International Conference on Mining in Africa, Ganga Júnior explained that ENDIAMA plans to increase its value chain, and that includes increasing cutting to 20 percent of diamonds produced in the country. Ganga Júnior noted moreover

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Mining

Angola shares Mining Experience at INDABA

9, February, 20239, February, 2023

Thirteen Angolan companies are participating from February 6 to 9, in Cape Town, South Africa, in the International Conference Mining Indaba. This is the largest African event of investments in the mining sector, and this year will have as its theme “Unlocking the Future of Mining in Africa”. The objectives of the participation are to transmit the Angolan experience, capture investments to leverage projects, identify and establish partnerships in the field of service provision, as

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Energy News

Angola Showcases Mineral Potential to Drive Energy Transformation at Mining Indaba

9, February, 20239, February, 2023

Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said on monday 6thr feb in Cape Town that Angola has a high mining potential that can help in the process of energy transition. Diamantino Azevedo was speaking during the opening of the Mining Indaba international conference, which is being held from 6 to 9 February, in South Africa, under the slogan “unlock the future of mining in Africa”. The minister also made known that the

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Economy Energy Gas International News

Africa’s Upstream Industry: Holding Steady in a Turbulent Oil and Gas Market (By NJ Ayuk)

13, December, 202213, December, 2022

We encourage all parties to investigate – and invest in – Africa’s rising stars for long-term energy solutions Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023. During the recent African Energy Week, many players and host nations outlined some of the most ambitious plans produce more natural gas, diversify our economies and create more jobs especially for

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Economy Energy Gas International Oil

Africa’s Energy Sector Is in Need of Practical, and Not Reactionary, Solutions at the US and African Leaders Summit in Washington DC: (By NJ Ayuk)

13, December, 202213, December, 2022

U.S. and African Presidents must address energy poverty and a Just Transition We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world. We truly believe that the leaders who will

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Economy Energy Gas International Oil

A New Era with Savannah Energy’s Acquisition of ExxonMobil’s Upstream, Downstream Assets in Chad and Cameroon

13, December, 202213, December, 2022

Savannah Energy has announced the completion of its acquisition of ExxonMobil’s upstream and downstream asset portfolio in Chad and Cameroon The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of

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