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…
International Gas News Oil

Strong Oil Discovery Potential Found in Tanzania’s Eyasi-Wembere Basin

A study conducted under the Strategic Eyasi-Wembere Project, aimed at exploring oil and gas in the East African Rift Valley, has revealed significant potential for oil discoveries in northern Tanzania. During a recent site visit to Karatu District in the Arusha Region, Dr. James Mataragio, Deputy Permanent Secretary in the Ministry of Energy, announced the promising results. Dr. Mataragio explained that the research, which began in 2015, has generated extensive data confirming the presence of

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International News Oil

Nigeria Deploys First Fully Owned FSO Vessel to Boost Bonny Crude Exports

Nigeria Strengthens Crude Export Infrastructure with 2.2 Million-Barrel FSO Cawthorne Offshore Bonny Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel near the Bonny export terminal, marking a significant step in enhancing the country’s crude oil export capabilities. The development highlights the nation’s commitment to strengthening infrastructure in Africa’s top oil-producing economy. The FSO Cawthorne, with a storage capacity of 2.2 million barrels, is designed to streamline crude transportation from Oil

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International News Renewable Energy

Zambia Advances Toward 1,000 MW Solar Goal with Lifesong Northrise Project in Ndola

Zambia Boosts Renewable Energy Drive with 16 MW Lifesong Solar Power Plant in Copperbelt Province Zambia’s drive to generate 1,000 megawatts (MW) of solar power by the end of 2025 is gaining momentum, with the Lifesong Northrise 16 MW Solar Power Plant (Phase 1) in Ndola, Copperbelt Province, emerging as a key milestone in the nation’s renewable energy expansion. The privately led project is set to supply much-needed electricity to the national grid, easing Zambia’s

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Diamonds International News

Botswana Enforces 24% Local Ownership Rule for New Mining Projects

Botswana Introduces Mandatory 24% Local Stake in New Mining Concessions to Boost Local Investment and Value Addition Botswana has implemented a new regulation requiring mining companies to allocate a 24% ownership stake in all new concessions to local investors if the government opts not to purchase the shares itself, the Ministry of Minerals and Energy announced on Friday. The rule, which officially came into effect on October 1, marks a significant shift in Botswana’s mining

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Diamonds Corporate News

Martyn Charles Marriott Urges Botswana and Angola to Revive Diamond Industry Cooperation

Diamond Veteran Martyn Charles Marriott Calls for ‘OPEC-Style’ Alliance as Botswana and Angola Seek Greater Stakes in De Beers As Botswana seeks a larger stake in De Beers and Angola signals similar ambitions, diamond industry veteran Martyn Charles Marriott says this moment could be an opportunity to restore the collaboration and discipline that once defined the global diamond trade. In a commentary published on the International Diamond Manufacturers website, Marriott cautioned Botswana against pursuing an

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Corporate News Diamonds International

Feriel Zerouki to Step Down as De Beers Chief Trade and Industry Officer

De Beers Executive Feriel Zerouki Resigns After Two Decades, Leaving Legacy of Ethics and Transparency in Diamond Industry Feriel Zerouki will step down as De Beers Group’s Chief Trade and Industry Officer and member of the executive committee at the end of October, the diamond company announced. Zerouki joined De Beers in 2005 and has played a central role in shaping the miner’s leadership in ethics, provenance, and industry integrity over her nearly two decades

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International Mining Projects News

Ivory Coast Expands Mining Sector with 11 New Exploration Permits

Ivory Coast Grants 11 New Mining Permits to Boost Gold, Cobalt, and Copper Production Ivory Coast, the world’s leading cocoa producer, is expanding its mining ambitions by issuing 11 new exploration permits for gold, cobalt, copper, and other minerals. The announcement was made by government spokesperson Amadou Coulibaly following a recent cabinet meeting. The West African nation is positioning itself as a stable and investor-friendly mining destination, contrasting with neighboring countries like Mali, Burkina Faso,

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International News Oil

Senegal Plans $5 Billion Second Refinery to Close Fuel Gap and Boost Regional Energy Supply

Senegal Announces $5B SAR 2.0 Refinery Project to Achieve Energy Self-Sufficiency by 2029 Senegal is advancing plans to build a second oil refinery, a $5 billion project aimed at meeting rising domestic fuel demand, reducing reliance on imports, and positioning the country as a potential regional exporter. The proposed SAR 2.0 refinery would add 4 million tons of refining capacity per year by 2029. The project has attracted financing interest from China, Turkey, and South

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Corporate News Diamonds Local

Angola’s SODIAM Achieves $16.9M in Rough Diamond Auction Amid Challenging Market

SODIAM Raises $16.9 Million in 15th Electronic Rough Diamond Auction The Angolan National Diamond Trading Company (SODIAM) announced the successful sale of 36 special rough diamonds, generating a total net value of US$16.9 million at its 15th electronic auction held on Wednesday. The diamonds were produced by leading mining companies, including SOMILUANA, Lulo, Kaixepa, Mussende, Chitotolo, Calonda, and Catoca, and comprised a total of 1,529.8 carats. The auction results exceeded expectations by 9.14%, reflecting strong

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Local Corporate News Mining Projects

Pensana Completes Initial Drilling Programme at Coola Carbonatite in Angola

Pensana Advances Rare Earth Exploration with Coola Drilling Programme in Angola London-listed Pensana has successfully completed an initial drilling programme at the Coola carbonatite, located approximately 30 km north of the company’s flagship Longonjo rare earth project in central Angola. Longonjo is recognized as one of the world’s largest undeveloped rare earth deposits, and Coola forms a key part of Pensana’s regional exploration strategy, aimed at extending the Longonjo project’s life-of-mine. Drilling Programme Details The

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