Vital Industry News
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

More Angolan Mining News

Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Lobito Atlantic Railway (LAR) transported 50,235 tonnes of cargo between January and March 2025. Of…
Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Angola’s Minister of Transport, Ricardo Viegas d’Abreu, on Monday, announced a series of restructurings across…
Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

The United Kingdom’s Ambassador to Angola, Bharat Joshi, has described the Lobito Corridor as a…
Local Economy News Oil

Angola’s Oil Sector Drives Economic Growth

The oil sector has been one of the fastest-growing industries in Angola in recent years,…
Local News Oil

Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law

The President of the Angola–United States Chamber of Commerce, Pedro Godinho, has called for an…
Corporate News Diamonds Economy Local

Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance

The Director General of Luele Mining Company (SML), Rômulo Mucasse, announced in Saurimo that stable…
Local Energy News

Egypt’s Elsewedy Electric Expands Investment in Angola’s Energy and Digital Sectors

Egyptian multinational Elsewedy Electric has reaffirmed its commitment to expanding operations in Angola, with a strong focus on the energy, construction, and digital sectors. The company aims to support Angola’s infrastructure development, job creation, and knowledge transfer. Speaking to Angop during President João Lourenço’s official visit to Egypt, Ahmed Amin, Elsewedy Electric’s Regional Director, emphasized the company’s alignment with Angola’s sustainable development goals. “We are working on integrated solutions to expand the transmission network, improve

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International Gold News

Ghana’s Gold Reserves Surge to GH₵46.4 Billion Amid Rising Global Prices

The Bank of Ghana has announced that the country’s gold reserves have reached an estimated GH₵46.4 billion as of the end of April 2025, driven by a sharp increase in global gold prices. According to an official update released on 6 May, gold prices rose to GH₵46,086.32 per ounce, boosting the value of Ghana’s reserves. The country’s total gold holdings now stand at 31.37 tonnes, equivalent to 1,008,837.07 ounces, based on the standard conversion rate

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International News Oil

Equatorial Guinea and Shanghai Supezet Sign MoU to Build New Oil Refinery

Equatorial Guinea has signed a Memorandum of Understanding (MoU) with Chinese engineering services firm Shanghai Supezet for the construction of a new oil refinery in the country. The agreement was signed on May 2 by Vice President Nguema Obiang Mangue and Zhang Jinhong, President of Shanghai Supezet. The MoU paves the way for the establishment of a joint venture to oversee the refinery’s development. Once operational, the refinery will process crude oil for domestic consumption,

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International News Oil

DRC Finalises Division of Cuvette Centrale with 52 New Oil Exploration Blocks

The Democratic Republic of Congo (DRC) has officially opened 52 new oil exploration blocks in the Cuvette Centrale sedimentary basin, according to a recent announcement by Minister of Hydrocarbons, Aimé Sakombi Molendo. This marks the completion of the basin’s division into exploration zones. The process was carried out in coordination with the Ministry of Environment to ensure that boundaries of protected areas were respected. The newly designated blocks add to the three exploration areas previously

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International Energy News

Namibia Eyes Energy Export Leadership and Regional Security

Namibia’s President Netumbo Nandi-Ndaitwah has reaffirmed the country’s ambition to become a major power exporter and a driving force behind Africa’s collective energy security. Speaking at the official opening of the 7th Namibia International Energy Conference, President Nandi-Ndaitwah—represented by Prime Minister Elijah Ngurare—called for deeper collaboration between government, academia, and industry. “Our goal is to export power, strategic energy commodities, and foster knowledge partnerships, while promoting regional integration and enhancing Africa’s collective energy security,” she

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International Diamonds

Botswana Cuts Spending and Revises Budget Deficit Amid Ongoing Diamond Market Slump

Botswana is taking steps to reduce spending in response to a prolonged downturn in the diamond market, which has led the government to raise its budget deficit forecast to post-Covid levels, according to the country’s Finance Minister and Vice President, Ndaba Gaolathe. In an interview in Washington, Gaolathe emphasized the urgency of the situation, stating, “Something drastic” needs to be done. He added, “The first thing we need to do is live within our means.

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Gas International

Ghana Loses US$100 Million Annually Due to Gas Flaring

Ghana is losing an estimated US$100 million annually from gas flaring in its oil and gas sector, according to Mr. John Nkaw, Country Director of ActionAid Ghana. In a recent interview, Mr. Nkaw emphasized the significant economic, environmental, and health-related consequences of the ongoing practice, which sees excess gas flared instead of processed. “We have data showing that $100 million worth of gas is flared each year due to the inability to process excess gas.

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International Gold News

Ghana Expands Gold Purchase Program with Nine More Mining Companies to Bolster Reserves

Ghana has secured agreements with nine additional mining companies to purchase 20% of their gold production, strengthening a government-backed program aimed at increasing the country’s gold reserves and stabilizing the national currency. This move builds on a 2022 initiative, in which major producers including Gold Fields, Newmont, AngloGold Ashanti, and Asanko Mining agreed to sell a portion of their annual output to the Bank of Ghana, with payments settled in Ghanaian cedis. As a result

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Corporate News International Local Oil

BW Energy Confirms Significant Oil Discovery at Bourdon Prospect Offshore Gabon

BW Energy has announced a major oil discovery at the DBM-1 ST2 appraisal well within the Dussafu license offshore Gabon, marking the second successful sidetrack of the well. Drilled to a total depth of 4,731 meters, the well encountered approximately 11 meters of net oil pay within a 35-meter gross hydrocarbon column in the Gamba reservoir, located in the Bourdon prospect. The Bourdon discovery is estimated to contain 56 million barrels of oil in place,

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International Gas News

Morocco Launches LNG Terminal Project to Support Energy Transition and Regional Connectivity

Morocco’s Ministry of Energy has issued an expression of interest for the development of a liquefied natural gas (LNG) terminal at the Port of Nador, marking the first phase of a tender process aimed at strengthening the country’s energy infrastructure. The proposed terminal will include a floating storage and regasification unit (FSRU) and will be connected to a planned pipeline stretching south to Dakhla, eventually linking to the Nigeria-Morocco Gas Pipeline, which will span 13

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