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Diamonds Local News

Angola Inaugurates New Diamond Processing Plant in Lunda Norte to Boost Output

4, May, 20264, May, 2026

Angola Opens $9M Diamond Processing Plant in Lunda Norte, Increasing Capacity by 140% The Governor of Lunda Norte, Filomena Miza, has inaugurated a new Recovery and Processing Plant (CRP) at the Chitotolo Mining Company, marking a significant investment in Angola’s diamond sector. The ceremony was attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo, alongside other government and industry officials. Production boost and job creation Miza said the new plant is

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Transport and Logistics Local News

Angola Extends Bid Deadline for Namibe Corridor Concession

4, May, 20264, May, 2026

Angola Extends Namibe Corridor Tender Deadline to June 4 to Boost Competition and Proposal Quality Angola’s Ministry of Transport has extended the deadline for submitting proposals for the concession to operate, manage, and maintain the Namibe Corridor, moving it from May 4 to June 4. According to a government statement, the decision follows requests from bidders who said the original deadline did not provide sufficient time to prepare comprehensive and well-structured proposals, given the scale

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Local News Transport and Logistics

Zambia to Begin Construction of Lobito Corridor Railway Link in 2026

4, May, 20264, May, 2026

Zambia to Launch Lobito Corridor Rail Construction in 2026 to Boost Copper and Cobalt Exports Zambia’s President Hakainde Hichilema has confirmed that construction of a key railway link connecting the country’s mining regions to Angola’s Port of Lobito will begin later this year, marking significant progress on the Lobito Corridor project. Speaking on the sidelines of a conference after a meeting with the African Finance Corporation the project’s main promoter Hichilema acknowledged delays but said

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Local News Transport and Logistics

Angola Eyes Extension of Lobito Corridor to Tanzania to Boost Regional Trade

4, May, 20264, May, 2026

Angola Plans Lobito Corridor Expansion to Dar es Salaam to Strengthen Africa Trade Routes and Supply Chains Angola is considering extending the Lobito Corridor to Dar es Salaam in Tanzania, a move aimed at strengthening regional integration and creating a more efficient trade route linking the Atlantic and Indian Ocean coasts. Speaking at the “Radar Africa – The Paths of Angola” conference in Lisbon, Minister of State for Economic Coordination José de Lima Massano said

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International News Renewable Energy

Namibia Courts Chinese Investment to Accelerate Green Hydrogen and Renewable Energy Growth

4, May, 20264, May, 2026

Namibia Seeks Chinese Investment in Green Hydrogen, Renewable Energy and Mineral Beneficiation Drive Namibia is stepping up efforts to attract Chinese investment into its growing green hydrogen and renewable energy sector, positioning its abundant solar and wind resources as a foundation for future industrial development. During an official visit to China, Minister of International Relations and Trade Selma Ashipala-Musavyi emphasised that a stable and diversified energy mix will be essential for long-term economic growth. She

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Corporate News Diamonds International

Burgundy Diamond Unit Seeks Insolvency Protection as Market Pressures Mount

4, May, 20264, May, 2026

Burgundy Diamond Subsidiary Arctic Canadian Files for Insolvency Protection Amid Weak Diamond Demand and Rising Costs ASX-listed Burgundy Diamond Mines has announced that its subsidiary, Arctic Canadian Diamond Company, has filed for insolvency protection under Canada’s Companies’ Creditors Arrangement Act (CCAA) in British Columbia. The Supreme Court of British Columbia has granted the application, allowing Arctic to begin a court-supervised restructuring process. The company will now engage with lenders, creditors, and other stakeholders to explore

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International Corporate News Oil

Sintana Energy Advances Namibia Offshore Strategy as Mopane Resources Grow and New Deals Emerge

4, May, 20264, May, 2026

Sintana Energy Boosts Namibia Offshore Portfolio as Mopane Resources Hit 1.38bn BOE and TotalEnergies Expands Role Sintana Energy Inc. says its Namibian offshore portfolio has entered a pivotal phase, driven by significant resource growth at the Mopane discoveries, TotalEnergies’ entry into Petroleum Exploration Licence (PEL) 83, and new efforts to expand into additional acreage. In a shareholder update, the company described 2025 as a defining year that reinforced Namibia’s status as a leading frontier oil

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International Gas News

Egypt Raises Natural Gas Prices for Industry as It Accelerates Subsidy Cuts and IMF-Led Energy Reforms

4, May, 20264, May, 2026

Egypt Increases Industrial Natural Gas Prices to Cut Subsidies Amid Rising Import Costs and IMF Reform Pressure Egypt has raised natural gas prices for key industrial sectors as part of a broader effort to reduce energy subsidies and address mounting fiscal pressure caused by higher import costs and declining domestic gas production. A government decree published on Sunday confirmed that the new pricing structure took effect in May. The adjustments primarily target energy-intensive industries, including

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International Gas News

Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

2, May, 20262, May, 2026

Nigeria–Morocco Gas Pipeline: Europe Eyes West African Gas as Alternative Energy Corridor by 2031 Nigeria-led gas exports to Europe are drawing renewed attention as the Nigeria–Morocco Gas Pipeline project gathers momentum. The ambitious initiative is positioning itself as a potential energy corridor linking West Africa to European markets by 2031. Anchored on Nigeria’s vast natural gas reserves, the proposed pipeline is expected to traverse 13 countries along the Atlantic coast. Emerging gas producers such as

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International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

30, April, 202630, April, 2026

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising Output Global oil markets are facing renewed uncertainty following the Organization of the Petroleum Exporting Countries exit announcement by the United Arab Emirates, a move that comes at a time of fragile supply conditions and weakening demand growth. Abu Dhabi confirmed on April 28, 2026, that it will leave OPEC effective May 1, citing the need for greater flexibility to

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