Angolan Mining Oil & Gas - Page 290 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Gold International Mining

Thor Explorations Discovers Gold in Senegal

11, September, 202311, September, 2023

Canadian mining firm, Thor Explorations, has discovered gold at the Makosa project in Senegal. The firm announced the discovery of 23.35 grams of gold per ton from drillhole DTRC807, marking a significant milestone in the company’s ongoing exploration operations. Thor Explorations CEO Segun Lawson said “The main purpose of the drilling has been to advance the project towards development by upgrading more of the resource to indicated classification and also to commence detailed metallurgical test work that is

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Diamonds International

De Beers ‘confident’ talks will avert strike at SA’s Venetia mine

11, September, 202311, September, 2023

Last week, NUM said it was planning a strike at Venetia, as De Beers could only offer a 6% pay increase against demands for a 9% hike. Anglo American’s De Beers is confident ongoing talks with South Africa’s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country’s largest diamond mine, the company said on Friday. On Tuesday, NUM, South Africa’s biggest mineworkers’ union, said it was planning a strike at

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Diamonds International

South African union plans wage strike at De Beers’ Venetia mine

11, September, 202311, September, 2023

South Africa’s National Union of Mineworkers (NUM) on last week said it was planning to strike at De Beers’ Venetia mine after wage talks broke down, potentially disrupting operations at the diamond giant’s new $2.3 billion underground facility. NUM, South Africa’s biggest mineworker union, said its members were demanding a 9% wage hike, but Anglo American Plc unit De Beers was offering a 6% increase. “The NUM can confirm that the four-month wage negotiations with

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Diamonds Local News

Endiama Presents Angolan Diamond Concessions at Africa Down and Under

11, September, 202311, September, 2023

Two Angolan diamond concessions, Moirige and Chifuca, were presented by Endiama at Africa Down and Under (ADU), the main forum for commercial and governmental relations between the continent and Australia. The conference, which began on Wednesday, with a speech by the President of Botswana, Mokgweetsi Masisi, was attended by a representation from Endiama led by the director of Geology, Rogério Guimarães, who presented the Moirige and Chifuca concessions as “promising” and with “several studies carried

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Diamonds International

NY Diamond Dealers Charged with Moving Money Illegally

11, September, 202311, September, 2023

Five dealers in New York’s Diamond District have been arrested and charged with illegally transferring more than $600 million since 2019, according to the US Department of Justice (DOJ). Raj Vaidya, Rakesh Vaidya, Shrey Vaidya and Neel Patel have operated “numerous purported diamond, gold and jewelry companies” in New York’s Diamond District, the DOJ said in a statement Last week. Those include Arya Diamond Jewellery which trades as Karats and Carats as well as Diamspark

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Exploration Local Oil

Nigeria and Angola Share Top Spot in Sub-Saharan Africa Oil Drilling

8, September, 20238, September, 2023

Nigeria has equaled Angola as the largest oil drilling market in sub-Saharan this year, according to a report by Hawilti and the Caverton Offshore Support Group. Oil drilling involves the extraction of oil by drilling a well through the earth’s crust to reach the fossil fuel deposits. The report said Nigeria had caught up with Angola, which had long held the position of top drilling destination on the continent, with eight drilling campaigns confirmed offshore in both countries. However, activity is likely

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International Oil Petroleum

Uganda Oil Pipeline Project Risks Poverty for Thousands

8, September, 20238, September, 2023

The French fossil-fuel giant TotalEnergies’ planned oil pipeline in East Africa will exacerbate the global climate crisis, Human Rights Watch said in a report. The 47-page report, Our Trust is Broken”: Loss of Land and Livelihoods for Oil Development in Uganda, documents the land acquisition process for one of the largest fossil fuel infrastructure projects under construction anywhere in the world. The report is based primarily on over 90 interviews that Human Rights Watch conducted in

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Gas Local Petroleum Renewable Energy

The Renewable Energy revolution in Angola: breaking dependence on Oil

8, September, 20238, September, 2023

Angola’s recent shift to renewable resources is a bold, future-oriented vision, marking an important turning point in the nation’s economic trajectory. This strategic reorientation, led by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, represents a commitment to a sustainable and resilient economy, capable of adapting to the challenges of the 21st century. Historically, Angola has been heavily dependent on oil, with export revenues from the product in 2012 representing an impressive 97%

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International Oil

Oil rises with Announcements from Russia and Saudi Arabia to maintain cuts

8, September, 20238, September, 2023

Oil prices rose this Tuesday 5th, due to the announcements of the maintenance of cuts in production and exports made by Russia and Saudi Arabia, the largest exporters of crude oil in the world. According to information from CNN, the price of Brent oil, an international reference, rose 1.8% and is trading above 90 dollars per barrel, while West Texas Intermediate (WTI), a reference in the United States, rose by a similar margin. and reached 87 dollars

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International Oil

Production Starts at 2,000 bpd Libyan Oil Well

8, September, 20238, September, 2023

Nafusah Oil Operations – a joint operation company formed by the Libya’s National Oil Corporation (NOC); Medco International Ventures Limited and the Libyan Investment Authority – has started production at the A-4 well in Libya. The well will produce up to 2,000 barrels per day (bpd) of crude oil, with pumping operations commencing for six months. Pumped oil will be transported to the Zawiya port in Western Libya via the Tahara field. According to the NOC, “The

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