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Local Mining News

Mining Conference Brings Largest Global Companies to the Country

31, October, 202331, October, 2023

The government plans to bring the most renowned global mining operators to Angola at the 2nd International Mining Conference and Exhibition (AMC) announced on Monday in Luanda for November 22 and 23 by the Secretary of State for Mineral Resources. Janio Corrêa Victor, speaking to the press at the launch of the event taking place in Luanda, considered that “the new governance model for the mining sector has encouraged the government to create the best

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Economy Local News Oil

Oil Prices Could Rise by Up to 75%

31, October, 202331, October, 2023

According to the financial institution, which outlined three possible scenarios regarding the developments of the conflict, the price of a barrel could reach a historical maximum of $150 if the war escalates into an even larger conflict in the coming months. In this scenario of “great disruption,” the World Bank says it would be comparable to the effects of the Arab oil embargo carried out 50 years ago (specifically in 1973), during the Yom Kippur

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Economy Energy Gas International

Anticipating the Future of the MSGBC’s Gas Industry in 2024

31, October, 202331, October, 2023

The MSGBC region’s gas market is poised for significant transformation in 2024 as projects start production, power generation facilities progress, and investment increases across the energy value chain. Through gas, the region is set to foster long-term and sustainable economic growth. GTA Phase 1 to Kickstart in 2024 Situated on the maritime border between Senegal and Mauritania, the first phase of the Grand Tortue Ahmeyim (GTA) Liquefied Natural Gas (LNG) project is set to produce

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Economy Energy Gas International Oil

TotalEnergies Announces Impressive Q3 Earnings of $6.5 Billion

31, October, 202331, October, 2023

TotalEnergies Posts Impressive Q3 Results with $6.5 Billion in Net Income, Driven by Increased Oil and Gas Production and Strong Power Division Performance. TotalEnergies, a global energy giant, has announced its third-quarter financial results, revealing an adjusted net income of $6.5 billion. While this represents a 37% decrease compared to the same period last year, it reflects a significant 30% increase sequentially and surpasses the analyst consensus estimate of $6.18 billion. The surge in oil

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Economy Energy Local News

Sonangol and Total Energies Forge Pact to Slash Carbon Emissions

31, October, 202331, October, 2023

The state-owned oil company Sonangol and Total Energies have signed a cooperation agreement in Luanda to launch a campaign to identify, quantify, and reduce methane and carbon dioxide emissions in their activities. According to Sonangol’s website, to which ANGOP had access on Friday, the operation will be carried out through a drone, supporting the decarbonization of the Angolan oil industry and contributing to cleaner energy in the country. According to the Angolan oil company, the

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Economy Energy International Mining News

Unlocking West Africa’s Critical Mineral Value Chain Potential

30, October, 202330, October, 2023

Rapidly emerging as a key player on the regional energy stage, West Africa is rich in mineral resources such as bauxite, manganese, copper, cobalt, iron ore, and gold. In order for the region’s mineral resources to translate into economic wealth, however, the critical mineral value chain needs to be enhanced, with regulatory policies and reforms, advancements in processing and refining capacity, and heightened investment in exploration serving as key solutions. A Wealth of Mineral Opportunities

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Local News

ENDIAMA Compensates Former Mine Workers

30, October, 202330, October, 2023

A total of two thousand four hundred and twenty-three former employees of mining companies that, due to financial and technical reasons, suspended their activities in the last ten years, will receive monetary compensation from ENDIAMA, with amounts going up to one million seven hundred thousand kwanzas, starting on Monday, the 30th of October. The former employees, who are already retired, will receive one million two hundred thousand kwanzas. This concerns the Mining Companies of Lucapa,

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Economy Energy Local News

Angola Mining Conference to Take Place in November in Luanda

30, October, 202330, October, 2023

The Ministry of Mineral Resources, Petroleum, and Gas presented the “Angola Mining Conference” to the press this Monday, scheduled for November 22nd and 23rd in Luanda. The event was led by the Secretary of State for Mineral Resources, Jânio Víctor. The Angola Mining Conference is a trade show dedicated to the country’s mining industry and the attraction of partners for the mineral supply chain.

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Economy Energy Gas International News

TotalEnergies Aims for Final Investment Decision (FID) on Matola Terminal in Mozambique by 2024

30, October, 202330, October, 2023

The French multinational integrated energy and petroleum company TotalEnergies expects to make a Final Investment Decision (FID) on the Matola Liquefied Natural Gas (LNG) import terminal, located at the Matola Port in Mozambique, by September 2024. Developed by TotalEnergies in collaboration with industrial gas supplier Gigajoule, Mozambique’s Matola Gas Company, and the country’s National Oil Company, Empresa Nacional de Hidrocarbonetos, the $550 million terminal will receive natural gas from a permanently-moored Floating Storage and Regasification

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Energy International News

Algeria Engages in Discussions to Supply Germany with Green Hydrogen

30, October, 202330, October, 2023

Algeria is currently in talks with Germany to become a major supplier of green hydrogen to Europe’s largest economy. With plans underway to upgrade its pipeline connections to reach a wider swath of the continent, the North African country is poised to cover up to 10% of European demand for green hydrogen. The discussions between Algeria and Germany, which took place in Algiers on October 23, focused on converting and extending existing natural gas pipelines

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