Vital Industry News
De Beers Board Member Matome Tsholetsa Malema Passes Away 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
Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

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

More Angolan Mining News

Corporate News Diamonds International Mining Personality

De Beers Board Member Matome Tsholetsa Malema Passes Away

De Beers Board Member and Minerals Development Company Botswana CEO Matome Tsholetsa Malema Dies Global…
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…
Energy International News

African Energy Week (AEW) 2024: Harnessing Africa’s Energy Potential, Cape Town Gears Up for Investment from November 4-8

At a time when the African energy industry is facing a variety of challenges, the African Energy Week (AEW) conference serves as a platform for engagement, collaboration, and investment. Since the event’s inception, AEW has facilitated deals, fostered dialogue, and laid the foundation for long-term and sustainable developments to kick off. As such, the African Energy Chamber (AEC) organizers of the AEW conference proudly announces the launch of AEW 2024: Invest in African Energy. Maintaining

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Gold International Mining News

Middle East Tensions Drive Gold Prices to Weekly Peak

Gold prices rose the most since July on Monday 9th October, 2023 as safe-haven demand soared after tensions ramped up in the wake of the Hamas attack on Israel. Spot gold gained 1.0% to $1,850.26 per ounce by 1 p.m. EDT, its highest since Sept. 29. US gold futures were also up 1.0%, trading at $1,863.60 per ounce in New York. The precious metal had risen as much as 1.2% earlier in the session before

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Economy International Mining News

Ensuring the Future of Supply Chains: Critical Minerals Africa 2023

A forward-looking panel at Critical Minerals Africa (CMA) 2023 will explore how technology, sustainable practices, and localization can ensure stable and secure critical mineral supplies, under the theme, “The Future Minerals Economy and the Resilience of Supply Chains.” The panel will be moderated by Olimpia Pilch, Founder and Chief Operating Officer of the Critical Minerals International Alliance, UK. Panelists include Dr. Marit Y. Kitaw, Interim Director of the African Minerals Development Center (AMDC), Ethiopia; Deshan

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Economy Energy International News

Exploring the Role of Natural Gas in the Energy Landscape: Highlights from MSGBC Oil, Gas & Power 2023

The MSGBC region is poised to become a global gas hub owing to its substantial proven resources, million-ton projects, and strategic location. With a major Liquefied Natural Gas (LNG) project coming online in 2024 and new exploration campaigns kicking off, the MSGBC Oil, Gas & Power 2023 conference and exhibition represent the platform to discuss the future of natural gas. During this year’s event, a dedicated panel discussion will take place under the theme, “The

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Economy News Oil

Government Evaluates Options for Fuel Subsidy Adjustment

The government may slow down the removal of fuel subsidies to avoid a repeat of the dissatisfaction witnessed in June, when gasoline prices nearly doubled, said the Finance Minister on Monday in Marrakech, Morocco, where she arrived on Saturday to participate in the annual joint meetings of the International Monetary Fund (IMF) and the World Bank. No decision has been made yet in the ongoing discussions about the 2025 deadline for the gradual elimination of

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Diamonds Local Mining

Endiama Chairman Warns of Diamond Mining Threat in Lunda Norte

The Chairman of the Board of Directors of Endiama, a state-owned diamond company, expressed grave concerns regarding diamond mining activities in concession areas within the Lunda Norte province. These concerns primarily stem from alleged complicity among certain authorities. Jose Gange Júnior voiced his apprehensions during the biannual review session on diamond production, currently underway for three days in Dundo, the capital of Lunda Norte. According to the official, the situation is particularly troubling in the

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Diamonds Economy Local Mining News

Angola Raises Concerns Over Campaign Targeting ‘Authentic Diamond Industry

The Minister of Mineral Resources, Petroleum, and Gas (MIREMPET) made an appeal yesterday for a concerted effort to combat the promotion campaign of the commercial value of synthetic diamonds over natural ones in the international market, conducted by institutions interested in influencing market prices. Edições Novembro Diamantino Azevedo spoke to the media on the sidelines of the meeting of the Ad-Hoc Committee for the Review and Reform of the Kimberley Process Certification System, which concludes

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Economy Local News Oil

OPEC Anticipates Sustained Global Oil Demand

OPEC has raised its annual outlook for global oil demand in the medium and long term, projecting that $14 trillion in investments will be needed to meet this demand, even with the growth of renewable fuels and the increasing number of electric cars. The perspective of the Organization of the Petroleum Exporting Countries (OPEC), as outlined in its “World Oil Outlook for 2023” released yesterday, contrasts with that of other analysts, including the International Energy

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Gold International Mining News

Gold Fields Announces Mike Fraser as New CEO

SE- and NYSE-listed Gold Fields has appointed Mike Fraser as CEO and executive director of the company, effective from January 1, 2024. Fraser is currently the CEO of Aim-listed Chaarat Gold Holdings. Prior to that, he was the President and COO of South32’s key metal businesses. He will be taking over from Martin Preece, who assumed the position of interim CEO on January 1 of this year, following the resignation of the former CEO, Chris

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International News Oil

Russia Resumes Oil Exports to Brazil, Two Years Later.

After a two-year hiatus, Russia resumed oil exports to Brazil last month, marking a significant moment in the trade relations between the two countries. The return of Russian oil to Brazil is seen as a positive sign for the trade relations between the two nations. According to data from the Brazilian Customs, imports of Russian oil totaled 84,400 tons, valued at 40 million dollars. This is the largest delivery since June 2010 when Russia supplied

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