Vital Industry News
Burkina Faso Set to Boost Gold Output as New Mines Come Online Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security South Africa’s Fuel Crisis Deepens as Refining Capacity Halved Third Fatality Confirmed Following Cabinda Oil Platform Accident Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
Burkina Faso Set to Boost Gold Output as New Mines Come Online Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security South Africa’s Fuel Crisis Deepens as Refining Capacity Halved Third Fatality Confirmed Following Cabinda Oil Platform Accident Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo Eni, Vitol, and GNPC Begin New Drilling Phase to Sustain Production Offshore Ghana Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project
International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

More Angolan Mining News

International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

Burkina Faso is on track to increase industrial gold production in 2025, driven by the…
Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

Botswana Power Corporation (BPC) and Debswana Diamond Company have signed a Memorandum of Agreement (MoA)…
Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional…
International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the…
South Africa’s Fuel Crisis Deepens as Refining Capacity Halved
International News Oil

South Africa’s Fuel Crisis Deepens as Refining Capacity Halved

Nearly half of South Africa’s oil refining capacity remains idle, reflecting a sharp decline over…
Local News Oil

Third Fatality Confirmed Following Cabinda Oil Platform Accident

Authorities have confirmed a third fatality resulting from the oil platform accident that occurred on…
International News Oil

Ghana Urges Oil Investment Amid Energy Transition and Declining Output

Ghana is calling on investors to support its oil sector as the global shift toward decarbonization risks rendering fossil fuel assets obsolete. President John Mahama made the appeal during the Africa CEO Forum held Tuesday in Abidjan, Côte d’Ivoire. “Oil is in transition, so anybody who has any assets should be pumping like there’s no tomorrow,” Mahama said, signalling Ghana’s openness to increased investment. “We’re rolling out the red carpet for anyone ready to drill.”

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International Corporate News Gas Oil

Petrobras Eyes Return to Nigeria with Renewed Focus on Deepwater Exploration

Petrobras, Brazil’s state-controlled oil giant, is actively seeking a return to Nigeria’s oil and gas sector, with a renewed focus on frontier deepwater exploration. This marks a strategic shift from its earlier divestment approach and signals Petrobras’ intent to expand its global footprint once again. The development was revealed by Nigeria’s Vice President, Kashim Shettima, in a post on X (formerly Twitter). Shettima attributed Petrobras’ revived interest to the economic reforms being implemented under President

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Corporate News International News Oil

TotalEnergies Eyes New Offshore Drilling in South Africa Amid Regulatory Uncertainty

French energy giant TotalEnergies has announced plans to begin offshore drilling in South Africa in 2025, pending regulatory approval. The move represents a potential turning point in South Africa’s efforts to grow its oil and gas exploration sector. Mike Sangster, TotalEnergies’ Senior Vice President for Africa, disclosed the company’s intentions at an industry conference on Tuesday. He confirmed that TotalEnergies currently holds exploration rights over four offshore blocks in South African waters. If the drilling

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International Corporate News Oil

Dangote Refinery Cancels June Maintenance After Early Repairs During Unplanned Shutdown

Nigeria’s Dangote Oil Refinery has cancelled a planned maintenance shutdown for June on its 204,000 barrels-per-day gasoline-producing unit, having completed the necessary work during an earlier unplanned outage, according to industry data from IIR (Industrial Info Resources). The maintenance was originally scheduled to last 30 days in June and would have targeted the refinery’s Residue Fluid Catalytic Cracking (RFCC) unit, which is critical for gasoline production. However, the refinery used the unexpected downtime between April

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Corporate News Diamonds International

Koidu Limited Halts Operations and Lays Off Over 1,000 Workers Amid Labour Dispute in Sierra Leone

Koidu Limited, Sierra Leone’s largest diamond mining company, has suspended operations and laid off the majority of its local workforce—more than 1,000 employees—due to a protracted dispute over wages and working conditions. The conflict began with a strike in December 2024, which workers temporarily paused in hopes of reaching an agreement through negotiations. However, after talks stalled, employees resumed industrial action in early March, according to Reuters. Charles Kainessie, president of the Koidu Limited Workers’

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Local Mining Projects News

Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project

Pensana, a London-listed rare earths developer, has confirmed the terms and timeline for the first $25-million equity tranche from the Angolan Sovereign Wealth Fund. This follows the successful securing of full project financing for the Longonjo rare earths project in Angola. The funds will be used to commence main construction activities on-site. In addition, the Angolan Sovereign Wealth Fund has agreed to convert a previously issued $15-million bridging loan—provided over the past 18 months to

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Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint hydrocarbon exploration, power grid integration, and regional transport development. Key projects such as the co-development of Block 14/23 in the Maritime Zone of Common Interest, electricity interconnection initiatives, and the Lobito Corridor railway are expected to advance cross-border trade and energy security, underscoring the value of regional collaboration. In April, Angola’s government approved a landmark agreement defining revenue sharing and

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Corporate News Diamonds International

De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil

De Beers has quietly begun selling rough diamonds at steep discounts to a select group of buyers — a rare and contentious move that is stirring tensions within an industry already grappling with sluggish demand and mounting uncertainty. In a departure from its traditional pricing model, the diamond giant has been offering discounts of 10% to 20% through confidential side deals, aimed at offloading growing inventories without making public price cuts. These covert sales, reported

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International News Renewable Energy

Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development

In a major step toward sustainable development, Ethiopia has attracted $1.75 billion in investments from five Chinese companies, focusing on solar-cell manufacturing, energy storage, and mineral exploration. The announcement was made by Finance Minister Ahmed Shide, who emphasized the critical role these investments will play in expanding Ethiopia’s renewable energy infrastructure and tapping into its mineral resources. One of the key investors is CSI Solar Co., a Shanghai-listed company majority-owned by Canadian Solar Inc., which

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Transport and Logistics Local News

U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor

The United States has announced the mobilization of nearly $6 billion to support the development of the Lobito Corridor—a key transport infrastructure project linking Angola, the Democratic Republic of Congo (DRC), and Zambia. The announcement was made on Saturday, May 10, 2025, by the U.S. State Department via its official account on the social platform X (formerly Twitter). The funding is designated for the development and construction of the Lobito Corridor, which aims to connect

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