Angolan Mining Oil & Gas - Page 4 of 295 - Top Angolan News for Oil, Gas and Mining Industries

Petra Diamonds Denies Mass Layoff Claims, Confirms Limited Redundancies

27, March, 202527, March, 2025

Petra Diamonds has dismissed claims by South Africa’s National Union of Mineworkers (NUM) that it plans to lay off 468 employees due to ongoing challenges in the diamond market. The company clarified that only 84 employees from its Cullinan and Finsch mines in South Africa will be affected, significantly fewer than the number reported by the union. NUM alleged that Petra intended to replace permanent employees with contract workers to cut costs. However, a company

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Diamonds International News

Namibia’s Diamond Production Surges in January 2025 Amid Declines in Other Minerals

27, March, 202527, March, 2025

Namibia’s diamond production rebounded sharply in January 2025, with the Diamond Production Index rising by 34.9% after a 6.1% decline in December 2024, according to the Namibia Statistics Agency (NSA). On an annual basis, the index recorded a 14.3% increase, driven by higher diamond output, as total production reached 241,393 carats, surpassing the 178,890 carats produced in December 2024 and the 211,108 carats from January 2024. This surge in diamond production was the key driver

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International Gas Oil

Namibia Shifts Oil and Gas Oversight to Presidency for Greater National Benefit

27, March, 202527, March, 2025

Namibia’s oil and gas sector will now be managed under the Office of the President, moving from the Ministry of Mines and Energy. The shift aims to maximize national benefits from the country’s emerging petroleum industry. President Netumbo Nandi-Ndaitwah announced the decision on Saturday while unveiling her new Cabinet. “The new emerging industries of oil and gas need to be managed in a manner that maximizes benefits for all Namibians. Therefore, the management of these

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International Corporate News Oil

Shell and Chevron Advance Namibia’s Offshore Exploration Plans

27, March, 202527, March, 2025

Shell is set to decide by the fourth quarter of 2025 whether to proceed with field development in Namibia’s offshore PEL 39 block, while Chevron nears completion of its seismic data interpretation in the Walvis Basin, according to a senior government official. “Shell and its partners are working hard to calibrate data from the nine wells drilled so far,” said Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy. She added that Shell

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Corporate News Diamonds International

Anglo American Moves Toward De Beers Exit, Exploring IPO and Sale Options

26, March, 202526, March, 2025

Anglo American has initiated preliminary discussions with banks regarding the potential listing of its De Beers diamond unit, as the company moves forward with the final phase of its comprehensive restructuring plan. The company is pursuing a dual-track strategy: seeking a buyer for De Beers while preparing for an initial public offering (IPO) as a backup option. This marks a significant step in Anglo’s commitment to exit the diamond business, a promise made last year

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Diamonds International News

DRC Diamond Exports Generate $89 Million in 2024 with Significant Growth in Volume

26, March, 202526, March, 2025

Diamond exports from the Democratic Republic of Congo (DRC) generated $89 million in revenue in 2024, according to the latest statistics from the Ministry of Mines. The total exports amounted to 9,240,714.14 carats during the year. An analysis of the Ministry’s 2024 annual report reveals a growth of 11.26% in diamond exports compared to 2023, when exports totaled 8,305,796 carats. The report indicates that artisanal mining dominated diamond production in the DRC, with over 6,353,613.89

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Gold Economy International

DRC Gold Exports Reach $1.5 Billion in 2024 Despite Decline in Artisanal Mining

26, March, 202526, March, 2025

The Democratic Republic of Congo (DRC) exported a total of 27.9 tonnes of gold in 2024, generating approximately $1.5 billion in revenue, according to the annual report from the Technical Unit for Coordination and Mining Planning of the Ministry of Mines. Kibali Gold was the leading contributor, accounting for more than 26 tonnes of gold worth over $1.3 billion. In contrast, MCCR exported only 102.92 kg, generating an estimated $7.6 million in revenue, while Kimia

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Diamonds International Mining Safety

Five Diamond Diggers Killed in Land Collapse in Tshikapa DRC

26, March, 202526, March, 2025

Five diamond diggers tragically lost their lives on Saturday, March 22, following a land collapse in the Kanfuma mining area, located in the diamond-rich territory of Tshikapa, in the Kasai province of the Democratic Republic of Congo (DRC). The incident occurred after heavy rains on the night of Friday, March 21, which weakened the walls of a diamond pit. The collapse resulted in the deaths of the five diggers working at the site. Their bodies

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International Corporate News Gas

TotalEnergies’ LNG Restart May Spur ExxonMobil’s $30 Billion Investment in Mozambique

26, March, 202526, March, 2025

Financial rating agency Fitch Ratings has stated that the resumption of TotalEnergies’ Liquefied Natural Gas (LNG) project in Mozambique this year could pave the way for ExxonMobil’s long-awaited final investment decision on a major LNG development in the country’s north. “The resumption of construction on TotalEnergies’ LNG project could facilitate a final investment decision (FID) on ExxonMobil’s proposed $30 billion LNG project. This partially onshore project would drive economic growth during its construction phase,” Fitch

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International Energy News

Mozambique and Zambia Sign Energy Interconnection Deal to Boost Regional Power Supply

26, March, 202526, March, 2025

Mozambique and Zambia have signed an agreement to interconnect their energy systems, enhancing electricity supply within the Southern African Development Community (SADC). The project will be carried out by Mozambique’s state-owned electricity company, EDM, and Zambia’s ZESCO. The Memorandum of Understanding (MoU) was signed on Wednesday by António Manda, Permanent Secretary of Mozambique’s Ministry of Mineral Resources and Energy, and Zambia’s Minister of Energy, Makoze Chikote. With an estimated investment of $411.5 million, the initiative

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