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Economy Local Mining News

Government wants greater inclusion of women in the Mining sector

6, April, 20236, April, 2023

The Secretary of State for Mineral Resources, Jânio Correa Victor, reiterated, Wednesday 5th April, in Luanda, the need for greater dedication from women with a view to overcoming the approximately 12 percent of the workforce in the mining industry. Jânio Correia Victor made these remarks at the opening of the round table under the motto “Women in the Angolan Mining Industry”, organized by Mining Eventos, to awaken a greater interest of women in the geological-mining

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Economy Energy Local News

Sonangol to reform Paenal subsidiary

6, April, 20236, April, 2023

The state-owned company Sonangol, as one of the main shareholders (40 percent), plans to structure its subsidiary, Porto Amboim Estaleiros Navais, Limitada (PAENAL) to increase turnover, based on a new business model adapted to current and future challenges of the group’s market. According to So-nangol, in a press release, this Monday 3rd April, the revitalization will make Paenal once again included in the “set of active units” and increase its turnover. For the implementation of these

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Economy Local News

Angola’s mining industry has only 1,000 women out of 11,000 workers

6, April, 20236, April, 2023

Endiama’s Executive Director, Ana Maria Feijó, stressed that the institution still has a lot to do so that women are better represented, at a time when they make up only 10 percent of the workforce, that is, in a universe of 11 thousand workers , a thousand are women. “Faced with reality, there has been a certain impediment due to the fact of having many tasks, such as being a mother and a wife, because

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Diamonds Economy News

PGMs, diamonds drag down SA mining output in January

6, April, 20236, April, 2023

South Africa’s mining production dropped 1.9% in January, making it the twelfth consecutive month of year-on-year decline, data released by Statistics South Africa (Stats SA) show. Platinum group metals (PGMs) and diamonds were the main negative contributors. PGMs output eased 15.2% contributing -3.5 percentage points, while diamonds production was 15.5% lower contributing -0.9 percentage points. However, iron-ore and coal were significant positive contributors with the former’s output increasing 12.1% contributing 1.4 percentage points and the

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Diamonds Economy International News

Botswana Diamonds begins mining in South Africa

6, April, 20236, April, 2023

Botswana Diamonds has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project. The company, which has faced challenges including plant delivery delays and adverse weather, said it’s now on track to start production at Thorny River in the second half of this year. Botswana Diamonds is working on bringing the two projects — Marsfontein and Thorny River — into production this

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Economy Energy News Oil Petroleum

ANGP launches pre-announcement of the tender for the allocation of oil blocks

4, April, 20234, April, 2023

The National Agency of Petroleum, Gas and Biofuels (ANPG), as National Concessionaire and holder of mining rights for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons throughout Angola, made known, at the end of March of this year, which on September 30, 2023, will proceed with the Launch of the Tender for the Attribution of Petroleum Concessions of Bid 2023, for the oil exploration of the Onshore Basins of the Lower Congo

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Economy Energy Local News Oil

Aviation fuel Affordable since last month

4, April, 20236, April, 2023

Aircraft refueling on Angolan soil got cheaper this March, compared to February, according to the table published by the Regulatory Institute for Petroleum Derivatives (IRDP) of the Ministry of Mineral Resources, Oil and Gas. The reduction was an average of 30 kwanzas for each reference litre, but which represents, overall, a significant saving for operators. According to the same IRDP table, for this month of April, the Adjustment Reference Price – Platts (PRA) is now

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Economy News Oil

Oil prices rise about 6% after Production cuts

3, April, 20233, April, 2023

Oil prices rose, this Monday 3rd April, after several exporting countries announced a cut in production in May, presented as a “precautionary measure” to stabilize the market. At the opening of Asian markets, the price of a barrel of North American WTI rose 5.74% to $80.01 and a barrel of North Sea Brent rose 5.67% to $84.42. The cut announced on Sunday by Iraq, Algeria, Saudi Arabia, the United Arab Emirates (UAE), Oman and Kuwait

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Diamonds Economy International

Zimbabwe confident of meeting $1bn Diamond industry target

3, April, 20233, April, 2023

Zimbabwe is confident of meeting its $1 billion revenue target from the sale of diamonds in 2023 due to improved production, a government official has said. “We will meet the target. All producers are selling now unlike last year when little was sold for the better part of that year,” Newsday quoted Mines permanent secretary Pfungwa Kunaka as saying at the ordinary meeting of the African Diamond Producers Association (ADPA) held in Victoria Falls last

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Economy Local News Oil

Oil Price accumulates losses greater than 12%

29, March, 202329, March, 2023

Brent prices (reference oil for Angolan sales) for delivery and May ended the week accumulating losses of 12.45 percent, under the influence of market fears about the future of the financial sector after the collapse of Silicon Valley Bank (SVB) and Signature Bank, as well as the Credit Suisse liquidity crisis. Last week, Brent ended the day down 2.32 percent to trade at $72.97 a barrel, while West Texas Intermediate (WTI, the benchmark for the

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