Vital Industry News
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 Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province Nigeria to Launch Cawthorne Crude Exports as Output Recovers
International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across…
Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank…
Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed…
Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
International Gas Oil

Egypt and Nigeria Sign Energy Cooperation Deal to Boost Refinery and Gas Projects

Egypt’s EGPC and Nigeria’s NNPC Forge Partnership to Strengthen Refinery Operations and Gas Infrastructure The Egyptian General Petroleum Corporation (EGPC) and the Nigerian National Petroleum Corporation (NNPC) have signed a cooperation agreement aimed at expanding the role of Egyptian petroleum companies in Nigeria’s development projects. The deal builds on Egypt’s growing footprint in African energy markets and the proven track record of Egyptian Projects Operation and Maintenance (EPROM) in managing Nigerian refineries. The agreement was

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Corporate News Gas International News Oil

Dangote Refinery Makes Breakthrough with First U.S. Gasoline Shipment

Nigeria’s Dangote Refinery Secures First U.S. Gasoline Sales, Proving Capability in Premium Markets Nigeria’s $20 billion Dangote Refinery has reached a major milestone, delivering its first gasoline cargo to the United States after meeting the country’s strict fuel standards. The move signals the refinery’s growing global relevance and its ability to compete in premium markets. The inaugural shipment, carried aboard the tanker Gemini Pearl, was discharged on Monday at Sunoco’s Linden terminal in New York

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Corporate News International Oil

South Africa Extends Durban Fuel Hub Leases to BP, Shell, and Vitol

South Africa Grants Long-Term Durban Oil Hub Leases to BP, Shell, and Vitol Amid Import Dependence South Africa has granted multinational oil majors and traders—including BP, Shell, and Vitol—extended leases at its key petrochemical hub in Durban, ending years of uncertainty over short-term contracts that had threatened investment and supply security. The decision, announced by the Transport Ministry, allows the companies long-term access to the Island View Precinct at Durban port, which handles about 70%

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International Corporate News Gas Oil

Chevron, Israel Sign $610 Million Pipeline Deal to Boost Gas Exports to Egypt

Chevron and Israel Ink $610M Nitzana Pipeline Deal to Expand Gas Exports Amid Regional Tensions Chevron and its partners in Israel’s Leviathan offshore gas field have signed a $610 million agreement with Israel Natural Gas Lines to build the Nitzana pipeline, a strategic project that will transport Israeli natural gas to Egypt. The 65-kilometer pipeline, expected to be operational by 2028, will carry at least 600 million cubic feet of gas per day. Once completed,

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Corporate News Diamonds International

Botswana Pushes to Seal De Beers Majority Stake Deal by October

Botswana Targets Majority Control of De Beers as Diamond Market Faces Crisis Botswana’s President Duma Boko says his government aims to finalize a deal to acquire majority control of De Beers by the end of October, even as negotiations continue with Anglo American Plc and other interested parties. Anglo American, which currently owns 85% of the diamond giant, began seeking to divest its stake 16 months ago as part of a broad restructuring plan. The

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Diamonds International News

Diamond Trader Calls for End to Opaque Auctions as Market Slump Deepens

HB Antwerp Urges Diamond Industry to Scrap Auctions for Profit-Sharing Model Amid Price Crisis The global diamond market is facing one of its deepest crises in history, with producers struggling against falling prices, weak demand, and growing competition from lab-grown alternatives. According to Oded Mansori, co-founder and managing partner of Belgian gem trader HB Antwerp, the traditional system of selling rough diamonds through tenders and auctions is outdated, opaque, and leaves producers vulnerable. Speaking on

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International Gas Oil

IEA Warns of Accelerating Decline in Global Oil and Gas Fields

IEA: Faster Decline in Oil and Gas Fields Demands Urgent Investment to Maintain Supply The International Energy Agency (IEA) has warned that the natural decline in production from the world’s oil and gas fields is accelerating, driven by growing reliance on shale and deep offshore resources. The trend means companies must significantly increase investment just to keep global output steady. According to the IEA’s latest analysis, without ongoing investment in existing fields, the world would

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Corporate News Diamonds International

De Beers Unveils Next-Generation Subsea Diamond Recovery Crawler

De Beers Boosts Marine Diamond Recovery with Advanced Subsea Crawler on Benguela Gem De Beers’ Upstream Technology division in South Africa has developed a new generation of advanced subsea diamond recovery crawlers, marking a major step forward in marine mining technology. The first unit has been installed on Debmarine Namibia’s flagship vessel, the Benguela Gem, following nearly four years of development. According to project manager Rudi Agostinho, the crawler represents a carefully engineered blend of

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International Gold News

Gold Breaks $3,600 for the First Time as Rate Cut Expectations Fuel Rally

Gold Price Hits Record $3,600 in September 2025 — Analysts Predict $4,000 by 2026 Driven by growing expectations of lower interest rates in the United States, gold surged past the symbolic threshold of USD 3,600 per ounce for the first time in September 2025, reinforcing its role as a safe-haven asset in a turbulent global economy. Swiss bank UBS has revised its forecast upward, now projecting gold to reach USD 3,800 per ounce by the

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International Gold News

Ghana to Begin Local Gold Refining and Fire Assay Operations in October 2025

Ghana Gold Board to Launch Local Refinery and Fire Assay Lab by October 2025 The Ghana Gold Board has announced that it will commence local gold refining and fire assay operations in October 2025, marking a major step toward adding value to the country’s mineral exports. The announcement was made by Sammy Gyamfi, CEO of the Gold Board, at the Mining and Minerals Convention in Accra on Tuesday, September 9, 2025. According to Gyamfi, the

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