Vital Industry News
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 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
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

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

More Angolan Mining News

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears…
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…
Local Mining Projects News

Angola to Launch Its First Major Copper Mine as Nation Pushes to Diversify Beyond Oil

Tetelo Copper Mine to Begin Production on October 29, Marking Angola’s Entry into Global Clean Energy Mineral Supply Angola’s first large-scale copper project, the Tetelo Mine, will officially begin production on October 29, government officials announced on Wednesday. The project marks a major milestone in the oil-rich African nation’s drive to diversify its economy and strengthen its role in the global transition to clean energy minerals. The $250 million Tetelo Mine is operated by Shining

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Diamonds International News

Debswana Announces Plans to Diversify Beyond Diamonds

Debswana Announces Plans to Diversify Beyond Diamonds, Leveraging 55 Years of Mining Expertise Debswana, the mining powerhouse that has been the backbone of Botswana’s economy for over 55 years, is charting a new course beyond its traditional diamond business. Speaking at the African Mining Summit in Gaborone this morning, Bakani Motlhabani, Chief Technical Officer at Debswana Diamond Company, revealed that the firm is exploring diversification opportunities to sustain long-term growth as diamond resources decline. “We

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International Gas News

South Africa to Resume Shale Gas Exploration in Karoo Basin Following Moratorium Lift

South Africa Set to Lift Shale Gas Moratorium, Opening Karoo Basin to Exploration South Africa is preparing to lift its long-standing moratorium on shale gas development, clearing the way for new exploration across the resource-rich Karoo Basin. The country’s Mineral and Petroleum Resources Minister, Gwede Mantashe, confirmed that the ban would be lifted once updated environmental regulations are formally published later this month. The moratorium, first imposed in 2011, halted all new applications for shale

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Local Corporate News Oil

Shell Trading & Shipping Strengthens Support for Independent Oil Companies in Angola

Shell Trading Boosts Angola’s Independent Oil Companies with Structured Crude Offtake and Financial Support Shell Trading & Shipping is ramping up its support for independent oil companies in Angola, helping them secure more consistent crude liftings and improve cash flow management, according to Filippo Bof, Head of Business Development for Africa at Shell Trading & Shipping. Bof explained that Shell is assisting independent operators acquiring mature assets by offering structured offtake arrangements that ensure regular

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Energy Expos & Events Local News

President João Lourenço to Open the 3rd Angola International Mining Conference (AIMC 2025)

Angola Hosts AIMC 2025: President Lourenço to Inaugurate Major Mining Investment Forum in Luanda President João Lourenço will officially open the 3rd edition of the Angola International Mining Conference (AIMC 2025), which begins this Wednesday, October 22, at the Talatona Convention Center in Luanda. According to a statement from the Ministry of Mineral Resources, Oil and Gas (MIREMPET), the event — organized in partnership with Sankofa Advisory Group and Bumbar Mining — will run through

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Local News Oil

Angola Allocates 37 New Oil Concessions as President Lourenço Stresses Energy Reforms and Diversification

President João Lourenço Highlights Angola’s Oil Sector Reforms and New Exploration Achievements In his State of the Nation Address to the National Assembly, marking the opening of the 2025–2026 parliamentary year, President João Lourenço highlighted the significant progress achieved through Angola’s ongoing oil sector reforms. The President underscored the successful implementation of the Oil Concession Allocation Strategy (2019–2025), which has already led to the allocation of 37 new oil concessions by the first half of

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Local Corporate News Oil

ETU Energias Makes History with Angola’s First Private Oil Company Bond Issuance

ETU Energias Completes Landmark Bond Issuance, Pioneering Private Oil Financing in Angola ETU Energias, Angola’s largest private oil company, has successfully completed its first bond issuance in the capital markets, marking a major milestone for the nation’s energy and financial sectors. The offering attracted strong demand from institutional investors, according to a company statement. ETU Energias described the event as a “historic moment for the national private oil sector and the development of the Angolan

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International Energy News

IEA Urges Mozambique to Accelerate Clean Energy Access and Electrification

IEA Calls on Mozambique to Fast-Track Clean Cooking and Electrification Efforts The International Energy Agency (IEA) has urged Mozambique to accelerate access to clean energy for cooking and to advance national electrification efforts to improve living standards across the country. The recommendations were presented on Monday during the Energy and Climate Week of the Community of Portuguese Language Countries (CPLP), taking place in Maputo until Friday. In its analysis of Mozambique’s energy policy, the IEA

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Renewable Energy International Mergers & Acquisitions

Axian Energy Expands into Zambia with 54.3MW Bangweulu Solar Project Acquisition

Axian Energy Enters Zambia with Acquisition of Bangweulu Solar Project Renewable energy developer Axian Energy has officially entered the Zambian market with the acquisition of the Bangweulu Solar Project, reinforcing its commitment to sustainable energy and pan-African expansion. Located in Lusaka Province, the Bangweulu Solar Project has an installed capacity of 54.3 megawatts peak (MWp) and generates approximately 87 gigawatt-hours (GWh) of electricity annually — enough to power more than 82,500 households. Through this transaction,

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Local News

Angola Launches National Space Agency to Drive Technological Independence and Innovation

President João Lourenço Inaugurates Angolan Space Agency to Advance National Space Program and Boost Technological Self-Reliance Angola has officially launched its National Space Agency, a major step toward advancing the country’s National Space Program and strengthening its role in the global space sector. President João Lourenço announced the creation of the agency during his State of the Nation Address on Wednesday. The new agency will operate under five key pillars: space infrastructure, training and promotion,

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