Vital Industry News
Lucara Unearths High-Quality Blue Diamond at Karowe Mine Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day Angola Leads African Rare Earth Surge with $165 Million Investment in Longonjo Project Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025 Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola
Corporate News Diamonds International

Lucara Unearths High-Quality Blue Diamond at Karowe Mine

International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

More Angolan Mining News

Corporate News Diamonds International

Lucara Unearths High-Quality Blue Diamond at Karowe Mine

Lucara Recovers Rare 36.92-Carat Blue Diamond from Karowe Mine in Botswana Lucara Diamond Corp has…
International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Africa Expands LNG Exports to Europe as Demand Rises Amid Energy Supply Uncertainty Africa is…
Corporate News International Oil Petroleum

Nigeria’s Petrol Imports Plunge as Dangote Refinery Dominates Local Supply

Nigeria Cuts Petrol Imports as Dangote Refinery Meets 92% of Fuel Demand Nigeria recorded a…
Corporate News Gold International

Ghana’s Damang Gold Mine Transitions to Local Ownership Under Engineers and Planners

Ghana’s Damang Mine Set for Local Takeover as Engineers and Planners Prepares Operations Ghana’s mining…
Corporate News International Mining Personality

Chevron Appoints Emmanuelle Garinet to Lead Exploration in the Americas and Africa

Chevron Names Emmanuelle Garinet Director of Exploration for the Americas and Africa Energy supermajor Chevron…
Corporate News Local Oil

Angola’s Cabinda Refinery Nears Production Start Following Ministerial Inspection

Cabinda Refinery Prepares for Petroleum Production After Ministry Inspection A delegation from the Ministry of…
International News Oil

Egypt Commits $4 Billion to Modernize Oil Refineries and Boost Energy Security

Egypt Launches $4B Refinery Upgrade Plan to Reduce Fuel Imports and Strengthen Regional Energy RoleEgypt is investing $4 billion to modernize and expand its oil-refining sector in a strategic move to enhance energy security, increase local value creation, and reduce costly fuel imports. Karim Badawi, Minister of Petroleum and Mineral Resources, outlined the plan, which includes six refinery upgrade projects aimed at increasing national refining capacity and improving operational efficiency. “The government has developed a

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Corporate News Diamonds International

De Beers Reports $511 Million Loss in 2025 Amid Weak Global Diamond Demand

De Beers Posts $511M Loss as Chinese Demand Slows and U.S. Tariffs Hit Global Diamond Trade De Beers, Africa’s largest diamond producer, reported a substantial $511 million loss for 2025, compared with a $25 million loss in 2024. The sharp decline reflects weaker demand in China, U.S. tariff pressures, and softer global diamond prices affecting key operations in Botswana, Namibia, and South Africa. Production and Operations Rough diamond production fell 12% to 21.7 million carats,

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International Corporate News Diamonds

Petra Diamonds Reports Stable EBITDA Despite Weaker Revenue in H1 2026

Petra Diamonds Posts $26M Adjusted EBITDA Amid Lower Revenue; Cullinan Blue Diamond Highlights Ore Quality London-listed Petra Diamonds has reported revenue of $100 million for the six months ended December 31, 2025, down from $115 million in the same period a year earlier. The company attributes the decline to the timing of tenders between December 2025 and January 2026. Strong Diamond Inventory and Product Mix As of December 31, 2025, Petra held 608,217 carats of

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Corporate News Local Oil

Sonangol Seeks $4.8 Billion from China to Fund Lobito Refinery Expansion

Angola’s Sonangol Targets $4.8B Chinese Financing for Lobito Refinery Without Oil-Backed Collateral Sonangol, Angola’s state oil company, is pursuing a $4.8 billion loan from Chinese financial institutions to accelerate construction of its new refinery at the Atlantic port of Lobito. This could be Sonangol’s first major borrowing from China in seven years. Sebastiao Gaspar Martins told reporters on Wednesday that the financing effort is intended to fund the next phase of the $6.2 billion refinery

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Local Corporate News Mining Projects

Sonangol Eyes Critical Minerals as Profits Dip Amid Oil Sector Challenges

Angola’s Sonangol Plans Diversification into Critical Minerals Following 2025 Profit Decline Sonangol, Angola’s state-owned oil giant, announced on Wednesday plans to diversify into critical minerals, even as it reported a slight decline in net profit for 2025. Executives revealed that Sonangol posted net earnings of over $750 million in 2025, down from roughly 736 billion kwanzas in 2024 equivalent to about $807 million at current exchange rates. The conglomerate, which holds stakes in multiple offshore

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Gold International Mining

Ghana to Channel Artisanal Gold into Formal Trade to Boost Revenue

Ghana Launches ASM Gold Formalisation Program Targeting $20 Billion in Annual Foreign-Exchange Inflows Ghana plans to direct approximately 127 metric tons of artisanal and small‑scale mining (ASM) gold annually into official trade channels under revised sector reforms, aiming to increase foreign-exchange earnings and curb smuggling, Cassiel Ato Forson announced on Wednesday. Across Africa, ASM gold leakage costs countries billions each year as undeclared production is smuggled through porous borders to global trading hubs such as

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Diamonds Corporate News International

Botswana Diamonds Rebrands as Botswana Minerals, Expands into Copper

Botswana Diamonds to Rebrand as Botswana Minerals (BMIN) and Diversify into Copper Exploration Botswana Diamonds plc (LON: BOD) will rebrand as Botswana Minerals and begin trading under the new ticker BMIN from 27 February, as the company broadens its portfolio to include copper exploration amid a prolonged downturn in the diamond sector. The rebranding follows a strategic review supported by an advanced artificial intelligence model applied to the company’s 95,000 square kilometre geological database, which

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International Oil Petroleum Transport and Logistics

ZMA Adopts Dip Stick and Chart Method for Cross-Border Fuel Tankers

Zambia Metrology Agency Recognises Dip Stick and Chart Method for Petroleum Imports from Tanzania The Zambia Metrology Agency (ZMA) has announced the adoption of the dip stick and chart method as a recognised secondary reference measurement system for tanker trucks importing petroleum products into Zambia. In a statement issued on 24 February 2026, ZMA Executive Director Humphrey Nkobeni confirmed that dip sticks and calibration charts certified by the Weights and Measures Agency will now be

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Local Mining Projects

Angola Eyes BHP Return as Mining Reforms Attract Global Investors

Angola Expects BHP Reinvestment as Mining Reforms Boost Foreign Investor Confidence Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas, said he expects BHP Group to reinvest in the country, citing growing foreign interest driven by sector reforms. In an Interview, Azevedo noted that BHP Australia’s largest mining company has expressed strong interest in returning to Angola nearly two decades after exiting the market. Reform-Driven Investment Appeal During engagements with Australian investors at the

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Diamonds Corporate News Local

Sodiam to Auction 74 Special Diamonds in Electronic Sale

Angola’s Sodiam Launches Online Auction of 74 Special Rough Diamonds in Luanda. Sodiam, Angola’s National Diamond Trading Company, has announced a new auction of special rough diamonds, with 74 stones to be offered through an electronic bidding process. Viewing sessions will take place from February 23 to March 3, 2026, at Sodiam’s headquarters in Luanda. The online bidding process will close on March 4 at 10:00 a.m. local time. The auction is being organized in

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