Vital Industry News
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 Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province Nigeria to Launch Cawthorne Crude Exports as Output Recovers
International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across…
Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank…
Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed…
Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Gas Local News Oil

Angola Announces Q4 2025 Oil and Gas Licensing Round to Sustain Output and Attract New Investment

Angola to Launch Major Oil and Gas Licensing Round in Late 2025 Angola is preparing to launch its next oil and gas licensing round in the fourth quarter of 2025, offering exploration blocks in the Kwanza and Benguela basins. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo announced the move during the Angola Oil & Gas Conference and Exhibition, emphasizing that it forms part of the government’s broader strategy to sustain national oil production

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Diamonds Local News

Angola’s Diamond Output Surges to 10.7 Million Carats as Country Targets Record Year

Angola Diamond Production Hits 10.7 Million Carats in 2025 as Country Aims for Record 14.8 Million Angola’s rough diamond production reached 10.7 million carats in the nine months to September, according to government data released on Friday, as the southern African nation pushes toward another record year for output. The country — already the world’s third-largest diamond producer behind Russia and Botswana — achieved a record 14 million carats in 2024 and is now targeting

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Corporate News Diamonds Local

Angola Rules Out State Funding for Endiama’s De Beers Stake Purchase

Angola Rules Out Using National Budget to Fund Endiama’s Bid for De Beers Stake Angola will not use public funds to finance state-owned diamond company Endiama’s proposed acquisition of a stake in De Beers, Finance Minister Vera Daves de Sousa confirmed on Friday. Endiama has reportedly submitted a bid for a majority stake in De Beers, the diamond unit of Anglo American, according to a source familiar with the matter who spoke to Reuters on

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Renewable Energy International News

AfDB Approves $14.5 Million to Power Zambia’s Clean Energy Transition with New Solar Project

African Development Bank Funds $14.5 Million Solar Project to Boost Zambia’s Renewable Energy and Cut Power Shortages The African Development Bank Group (AfDB) has approved a $14.54 million financing package to support the Garneton North 20-megawatt solar power project in Zambia’s Copperbelt Province — a key milestone in the country’s shift toward renewable energy and energy security. The financing includes $7.27 million from the Bank’s own resources and an equal amount in concessional funding from

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Local News Transport and Logistics

Angola Seeks $4.5 Billion to Build Rail Link Connecting Zambia’s Copperbelt

Angola Secures International Support for $4.5B Zambia-Lobito Rail Corridor to Boost Copper Trade Angola sought $4.5 billion in funding to construct an ambitious rail link to Zambia’s copper-rich region, Transport Minister Ricardo Viegas d’Abreu said. Italy committed $320 million to the project, while the African Development Bank pledged $500 million, d’Abreu told reporters Wednesday on the sidelines of a conference in Luanda, Angola’s capital. He also noted that the Egyptian government had recently expressed interest

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Transport and Logistics International

Tanzania Port Closure Disrupts African Copper Shipments to China

Election Unrest in Tanzania Temporarily Halts Copper Exports, Forcing Rerouting to Durban, Walvis Bay, and Beira African copper shipments to China were disrupted by the temporary closure of the Port of Dar es Salaam in Tanzania following election-related unrest. Copper traders and producers in the Central African Copperbelt sought alternative routes for their cargoes, leading to congestion at other ports, including Durban in South Africa, according to multiple market sources. The closure also meant that

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Corporate News Gas International Oil

BP Confirms New Oil and Gas Discovery in Namibia’s Orange Basin

BP and Eni’s Azule Energy Uncover Major Gas Condensate Discovery in Namibia’s Orange Basin BP has confirmed a significant oil and gas discovery in Namibia’s Orange Basin, a frontier region that has rapidly become one of the most promising exploration zones in the world. The UK-based energy major, through Azule Energy—its 50/50 joint venture with Italy’s Eni—validated preliminary findings from the Volans-1X exploration well, initially reported earlier this month by Rhino Resources, the project operator.

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Oil International News

Libya Targets 1.6 Million Barrels Per Day as Oil Sector Revival Gains Momentum

Libya Plans to Boost Crude Oil Production to 1.6 Million BPD by 2026 Amid Renewed Foreign Investment Libya is intensifying efforts to restore its crude oil production to 1.6 million barrels per day (bpd) by late 2026, according to the National Oil Corporation (NOC). Current output stands at approximately 1.38 million bpd, signaling steady progress toward the country’s pre-crisis production capacity. This target is part of a broader national initiative to revitalize Libya’s energy sector,

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Oil International News

East African Crude Oil Pipeline Advances, Promising Energy Growth for Uganda and Tanzania

TotalEnergies’ East African Crude Oil Pipeline Nears Completion, Strengthening Uganda’s Energy Infrastructure The East African Crude Oil Pipeline (EACOP), led by TotalEnergies, is moving steadily forward after years of planning and development. The project is expected to enhance energy access across East Africa and significantly boost Uganda’s infrastructure and export capacity. By investing in this large-scale midstream project, TotalEnergies deepens its presence in the region’s energy landscape and supports Uganda’s long-term goal of reducing reliance

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International News Oil

Port Harcourt Refinery Shutdown Exposes Deep Accountability Crisis in Nigeria’s Oil Sector

Nigeria Loses ₦366.2 Billion in Five Months as Port Harcourt Refinery Shuts Down Again Amid Accountability Concerns Nigeria’s Port Harcourt Refinery shutdown, which has cost the nation an estimated ₦366.2 billion in just five months, once again underscores the deep-rooted accountability crisis plaguing the country’s oil sector. Although the Nigerian National Petroleum Company Limited (NNPCL) claims the closure was due to “maintenance and sustainability assessment,” insider sources suggest the refinery never truly resumed operations. According

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