Vital Industry News
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 Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
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

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

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…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
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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Local Corporate News Gas Oil Technology & Innovation

EY Harnesses AI to Boost Efficiency and Sustainability in Angola’s Oil and Gas Sector

EY Deploys Artificial Intelligence to Cut Flaring and Improve Operations in Angola’s Oil and Gas Industry Ernst & Young (EY) is leveraging artificial intelligence (AI) solutions to enhance operational efficiency, reduce environmental impact, and support financial stability in Angola’s oil and gas sector. Speaking to Energy Capital & Power during the Angola Oil & Gas 2025 Conference, André Afonso, Managing Partner at EY Angola, said the firm is deploying advanced digital tools to help energy

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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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