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…
International Gold Mining Projects

Mali Secures First U.S. Mining Investment as Flagship Gold Revives Historic Morila Mine

Flagship Gold Partners with Mali’s SOREM to Restart Morila Mine in First U.S. Mining Investment Under New Code Mali has secured its first U.S. mining investment, marking a significant step in reviving one of the country’s most historic gold operations. Flagship Gold Corp., a United States-based mining company, has entered a strategic partnership with Mali’s state-owned Mineral Resources Research and Exploitation Company (SOREM) to restart production at the Morila gold mine—the first American-backed project under

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International News Oil

UAE Blocks Sudanese Oil Shipments Amid Diplomatic Rift, Disrupting Regional Trade Flows

UAE Halts Sudanese Crude Oil Shipments Over Diplomatic Dispute, Impacting Fujairah and South Sudan’s Exports The United Arab Emirates (UAE) has reportedly blocked several Sudanese crude oil shipments, escalating a growing diplomatic rift between Abu Dhabi and Khartoum and disrupting a key source of revenue for Sudan’s military-led government. According to a report by the Financial Times, the UAE’s Ministry of Energy and Infrastructure imposed a blockade on cargo movements to and from Port Sudan

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Diamonds Corporate News International

Botswana’s Okavango Diamond Company to Begin Contract Sales Under New De Beers Deal

Okavango Diamond Company to Launch Contract Diamond Sales in November as Botswana Diversifies Marketing Channels Botswana’s state-owned Okavango Diamond Company (ODC) will begin selling diamonds to contracted buyers next month as part of its strategy to diversify sales channels under the government’s new 10-year agreement with De Beers, Managing Director Mmetla Masire announced on Wednesday. Under the revised deal, signed in February 2025, ODC’s allocation from Debswana—a 50:50 joint venture between the Botswana government and

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Diamonds International News

Namibia’s Central Bank Governor Urges Extension of Royalty Discount to Support Namdeb Amid Diamond Market Slump

Johannes !Gawaxab Calls for Extended Royalty Relief for Namdeb as Global Diamond Prices Decline Namibia’s central bank governor, Johannes !Gawaxab, has called for an extension of the royalty discount granted to Namdeb to help the diamond miner navigate a prolonged global market downturn characterized by weak demand and a supply surplus. The diamond industry is facing mounting pressure from the growing popularity of lab-grown diamonds and a declining appetite for natural stones among younger consumers—factors

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International News Oil

Nigeria’s Lawmakers Probe Abandoned $35 Million Brass Modular Refinery Project

Nigeria’s House of Representatives Launches Investigation into Abandoned $35 Million Brass Modular Refinery over Mismanagement Allegations The House of Representatives has launched a new investigation into the abandoned $35 million Brass modular refinery project in Bayelsa State, amid growing concerns over mismanagement and stalled infrastructure in Nigeria’s vital oil and gas sector. The refinery, designed as a 2,000-barrel-per-day modular facility, was initiated by Atlantic International Refinery and Petrochemical Limited in partnership with the Nigerian Content

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International News Oil

Nigeria Slashes Oil Signature Bonus to Attract Investors and Boost Production to 2.5 Million BPD by 2027

Nigeria Cuts Oil Sector Signature Bonus from $100m to $10m to Spur Investment and Raise Output to 2.5 Million Barrels per Day by 2027 The Federal Government of Nigeria has significantly reduced the oil sector’s signature bonus—from about $100 million to $10 million—as part of efforts to drive crude oil production to 2.5 million barrels per day (bpd) by 2027. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, announced the development

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Corporate News International Oil

ReconAfrica Advances Drilling at Kavango West-1X Well, Targets Otavi Reservoir in Namibia’s Damara Fold Belt

ReconAfrica Reaches Reservoir Zone in Kavango West-1X Exploration Well, Namibia ReconAfrica has confirmed that its highly anticipated Kavango West-1X exploration well, located onshore in Namibia, has now reached the targeted reservoir zone. The Toronto- and Frankfurt-listed company stated that no further operational updates will be issued until drilling reaches total depth. CEO Brian Reinsborough announced that the final casing has been successfully installed at approximately 2,300 meters, positioned just above the Otavi carbonate reservoir—the primary

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International News Oil

Egypt Launches $5.7 Billion Plan to Drill 480 New Oil Wells by 2030

Egypt to Invest $5.7 Billion in 480 New Oil Wells to Boost Energy Production and Global Competitiveness Egypt has announced an ambitious $5.7 billion (E£271.59 billion) plan to drill 480 new exploratory oil wells over the next five years, aiming to reverse declining oil production and reinforce its position as a leading regional energy hub. According to the Ministry of Petroleum, the initiative will significantly enhance exploration and development efforts across multiple oil fields. The

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Renewable Energy International News

Nigeria Partners with China’s LONGi to Build 1,000 MW Solar Panel Manufacturing Plant

Nigeria Signs Agreement with LONGi to Establish 1 GW Solar Manufacturing Facility and Boost Local Renewable Energy Production Nigeria has signed a strategic agreement with LONGi Green Energy Technology Co. Ltd., China’s leading solar panel manufacturer, to establish a 1,000-megawatt (1 GW) solar equipment manufacturing plant in the country. The initiative aims to strengthen local production capacity and accelerate Nigeria’s transition toward renewable energy. According to Bayo Onanuga, Special Adviser to the President on Information

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Corporate News Gas International

BP Advances Five-Well Offshore Gas Drilling Campaign in Egypt

BP to Launch $140 Million Offshore Gas Drilling Project in Egypt’s West Nile Delta by 2026 BP Exploration Delta Limited, a subsidiary of British energy major BP, has announced plans to launch a five-well offshore gas drilling campaign in Egypt, reinforcing its long-term commitment to the country’s energy sector. The initiative follows a memorandum of understanding (MoU) recently signed with the Egyptian government, underscoring BP’s intent to expand its gas production capacity in the region.

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