Vital Industry News
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 Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

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…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
Local Diamonds Mining

Major Mining Developments Unveiled at Angola’s Mining Sector Conference

The launch of three mining ventures, including a six-billion-dollar investment in copper prospecting, a scientific collaboration with the United States Geological Survey (USGS), and the imminent opening of the Luaxe diamond mine, marked the commencement of Angola’s 2nd International Conference and Exhibition on the Mining Sector in Luanda. During the event, the executive president of Canada’s Ivanhoe Group, Marna Cloete, announced a substantial investment of six billion dollars in copper prospecting across Angolan provinces Moxico

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Local Gas News

Angola to Kick Off Green Hydrogen Project in Barra do Dande by 2024

An initiative for a green hydrogen exploration project in Barra do Dande, Bengo province, is set to commence in 2024, announced President João Lourenço during a panel discussion at the 3rd Luanda Biennale. The endeavor, to be developed in collaboration with Sonangol, the Ministry of Mineral Resources, Oil and Gas, and a German company, aims to cater to the domestic market while exporting green energy to Europe and other global consumers. President Lourenço emphasized the

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Local News Oil Petroleum

Angola Reaffirms Commitment to OPEC Despite Production Quota Disputes

Angola asserted its commitment to remain within the Organization of the Petroleum Exporting Countries (OPEC) amidst ongoing disagreements over production quotas within the organization. Estêvão Pedro, Angola’s representative at OPEC, stated that the country has no current intentions to exit the organization following the suspension of negotiations on last Wednesday evening. His remarks, made to the financial information agency Bloomberg, came after the postponement of the cartel’s meeting due to disagreements over production cuts, particularly

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Local Mining

Angola and USA sign memorandum for Copper Exploration

A memorandum of understanding, which provides for the exploration of copper ores, was signed, last week, by representatives of the Geological Institute of Angola (IGEO) and the American company, United States Geological Survey (USGS), on the sidelines of the II International Conference and Exhibition on the Mining Sector. The territory to be explored is part of the region called the Central African Copper Belt (Copperbelt), located in several provinces of the Republic of Zambia and

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Mining Local News

Japan Prepares investment in the Mining sector

A total of 45 companies in the civil construction sector participated, last week, in Luanda, at Projekta, an international fair for equipment and services for civil construction, public works, urban planning, architecture and interior decoration. Bruno Albernaz, president of the Board of Directors of Eventos Arena, the company that organized the event, recalled that this is the first fair in the sector   organized after 2019, due to the situation caused by the Covid-19 pandemic. When speaking

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Diamonds Economy Local News

Luele Mine Set to Bolster National Diamond Production

Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, declared on Monday 27th November that the Luele Mine, situated in the province of Lunda-Sul, will significantly contribute to the country’s increased diamond output. “This inauguration marks not just the commencement of a diamond mine but the establishment of a legacy characterized by respect, responsibility, and excellence, aiming for a prosperous future for our nation,” emphasized the Minister of Mineral Resources, Oil, and Gas while addressing

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Oil Diamonds Environment Social Governance (ESG) Gas Local Mining

Oil and Gas Minister Encourages Industry Companies to Drive Community Development via Social Initiatives

Minister of Mineral Resources, Oil, and Gas, Diamantino de Azevedo, stressed the imperative for companies in the sector to engage closely with neighboring communities by initiating social projects that contribute to local development. During the launch of construction for 300 social housing units aimed at resettling families near the Luele mining area in Saurimo, the minister underscored the significance of companies not only fulfilling financial obligations but also assuming social responsibilities and collaborating with local

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International Gas News Oil

Rhino to Drill 10 Exploration, Appraisal Wells Offshore Namibia

Oil and gas exploration and production company Rhino Resources Namibia has submitted an Environmental Clearance Certificate application to Namibia’s government to drill up to 10 exploration or appraisal wells in Block 2914 in the southern African country’s offshore Orange Basin. Rhino Resources Namibia and its partners currently hold a Petroleum Exploration License for Block 2914A and is proposing to drill exploration and appraisal wells within the Block to confirm and test the presence of hydrocarbon

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International Gas Oil Petroleum

First Oil Exported from Libya’s Erawin Field

Libya’s parastatal National Oil Corporation (NOC) has exported its first shipment of Erawin crude oil. Produced from the Erawin onshore field, the crude oil had been exported through oil and gas exploration company, Zallaf Libya Oil and Gas. Announced on 16 November, the inaugural shipment was estimated at 600,000 barrels and was exported through the Port of Zawiya in northwestern Libya. Production at the Erawin field commenced in March 2023 with an initial production rate

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Oil International News Petroleum

Aliko Dangote Plans Public Listing of Dangote Petroleum Refinery

Aliko Dangote, Africa’s richest man has announced intentions to publicly list his Dangote Petroleum Refinery on the Nigerian Exchange Limited. Dangote made this known in an interview with the Financial Times, stating that the company has resolved challenges about crude oil supply and is now prepared for the listing. The move aligns with Dangote’s broader business strategy and could impact the company’s valuation and investor engagement positively. “We have resolved all the issues with crude

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