Vital Industry News
Angola Adds Chinese Yuan to Approved Foreign Currency Reserves ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns Angola Approves 30-Year Electricity Corridor to Supply Power to DRC Shell Concludes Latest Namibia Drilling Campaign While Continuing Offshore Oil Evaluation World Bank Approves $875 Million Package to Accelerate Côte d’Ivoire’s Gas Development Renaissance Energy Makes Major Oil Discovery in Nigeria’s Offshore OML 74 Nigeria Surpasses OPEC Oil Production Quota as Crude Output Reaches Six-Year High
Local Economy News

Angola Adds Chinese Yuan to Approved Foreign Currency Reserves

International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

More Angolan Mining News

Local Economy News

Angola Adds Chinese Yuan to Approved Foreign Currency Reserves

Angola Approves Chinese Yuan for Foreign Currency Reserves as Ties with China Deepen Angola’s central…
International Corporate News Oil

ExxonMobil Restarts Nigeria Drilling Campaign With $1 Billion Usan Oil Project

ExxonMobil Returns to Nigeria’s Deepwater Oil Sector With $1 Billion Investment Plan ExxonMobil is returning…
Diamonds Corporate News International

Botswana Discovers One of the World’s Largest Diamonds in Latest Mining Breakthrough

Botswana Unearths 1,305-Carat Diamond in Another Historic Discovery at Karowe Mine Botswana has uncovered a…
Corporate News Diamonds International

De Beers Pauses Venetia Diamond Mine Operations as Industry Faces Falling Demand

De Beers Suspends Operations at South Africa’s Largest Diamond Mine Amid Global Market Downturn De…
International Gas Oil

South Africa Revisits Long-Delayed Offshore Oil Strategy Amid Growing Energy Security Concerns

South Africa Revives Offshore Oil Exploration Plans as Global Energy Demand Drives New Interest South…
Local Energy News

Angola Approves 30-Year Electricity Corridor to Supply Power to DRC

Angola Grants Somagec 30-Year Power Transmission Deal to Export Electricity to DR Congo Angola has…
Corporate News Gold International

Lake Victoria Gold Appoints EPCM Contractor to Advance Imwelo Gold Project in Tanzania

Lake Victoria Gold Moves Imwelo Gold Project Closer to Construction with EPCM Appointment Lake Victoria Gold has appointed City Engineering Company (CECL) as the primary engineering, procurement and construction management (EPCM) contractor for its Imwelo gold project in northwestern Tanzania. The appointment, made through Lake Victoria Gold’s subsidiary Tembo Gold, which holds Mining Licence ML 538/2015 for Imwelo, was approved by Tanzania’s Mining Commission on June 29 and complies with the country’s 2018 Mining Regulations.

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Corporate News Oil Renewable Energy

TotalEnergies Plans 7.1 MW Solar Plant to Support Mozambique LNG Project

otalEnergies Launches Tender for 7.1 MW Solar Facility at Mozambique LNG Site in Cabo Delgado TotalEnergies plans to develop a 7.1 MW photovoltaic solar plant at its Mozambique LNG project in Cabo Delgado as part of efforts to support energy needs at the liquefied natural gas (LNG) facility. The company has issued a request for expressions of interest (EOI) for engineering, procurement and construction services for the solar project, which will be located at Afungi

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International Gas News Oil

Mozambique and Tanzania Deepen Oil and Gas Cooperation Through New Regulatory Partnership

Mozambique and Tanzania Regulators Sign MoU to Strengthen Oil and Gas Sector Governance and Expertise Sharing Mozambique’s National Petroleum Institute of Mozambique (INP) and Tanzania’s Petroleum Upstream Regulatory Authority (PURA) have signed a memorandum of understanding (MoU) in Maputo to strengthen cooperation and build regulatory capacity in the oil and gas sector. The agreement provides a framework for technical collaboration, allowing the two regulators to exchange knowledge, expertise and best practices in key areas, including

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Corporate News International Oil

Petrobras Agrees to Restore 335 Offshore Wells Under Safety Compliance Deal

Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030 Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations. The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management

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Diamonds International News

Dubai Diamond Exchange and London Diamond Bourse Sign Partnership to Boost Global Diamond Trade

Dubai Diamond Exchange and London Diamond Bourse Forge Strategic Partnership to Strengthen Global Diamond Trading The Dubai Multi Commodities Centre (DMCC), the international business district that facilitates global trade through Dubai, has announced the signing of a memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two trading centres and expand opportunities for their members. The agreement establishes a framework for closer collaboration,

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Local News Transport and Logistics

Lobito Corridor Railway Secures $753 Million Financing to Boost Regional Trade Links

Angola’s Lobito Corridor Railway Project Reaches $753 Million Financial Close to Expand African Trade Connectivity The Lobito Corridor railway project in Angola has reached financial close after securing $753 million in funding, marking a major milestone for one of Africa’s most important regional transport infrastructure initiatives. The financing will support the rehabilitation, upgrade and long-term operation of the 1,300-kilometre railway corridor linking the Port of Lobito in Angola to the border with the Democratic Republic

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Local Corporate News Mining Projects

Tyranna Resources Sells Namibe Lithium Project to Sinomine for $1.44 Million

Tyranna Resources Divests Angola Lithium Project to Sinomine, Redirecting Funds to Chinguar Gold Development Australian-listed Tyranna Resources has agreed to sell its interest in the Namibe lithium and caesium project in southern Angola to Sinomine Resource Group for $1.44 million, allowing the company to focus on new exploration opportunities in Angola. The transaction involves the sale of Tyranna subsidiary Angolan Minerals’ 90% interest in AM Mauritius, the holding company for the Namibe project, to Sinomine

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Diamonds Corporate News International

De Beers Cuts Diamond Prices Sharply as Industry Crisis Forces Market Reset

De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of

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International News Transport and Logistics

Zambia Plans TAZARA Railway Modernisation to Strengthen Trade and Logistics Network

Zambia Targets TAZARA Railway Upgrade with $1.6 Billion Rehabilitation Plan to Boost Trade and Economic Growth Zambia is advancing plans to modernise the TAZARA railway corridor, with President Hakainde Hichilema highlighting the importance of upgrading the route to support trade, transport efficiency and economic growth. Speaking at the TAZARA train station in Kapiri Mposhi, President Hichilema said the government is committed to improving the railway, which provides a strategic link between Zambia and the port

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International News Renewable Energy

Egypt Awards $560 Million Contract for Major Solar and Battery Storage Project

Egypt Awards $560 Million EPC Contract for 1GW Solar Project with Battery Storage Egypt has awarded a $560 million engineering, procurement and construction (EPC) contract for the West Minya Solar Power Project, one of the country’s largest renewable energy developments. The contract was awarded to Hassan Allam Construction and Sterling and Wilson Renewable Energy through their 50:50 joint venture. The project, located in Minya Governorate, will combine 1,000 megawatts (MW) of solar photovoltaic capacity with

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