Vital Industry News
Petra Diamonds Reports Lower Sales Amid Market Volatility Oman Replaces Sanctioned Alrosa in Angola’s Catoca Diamond Mine AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor Botswana Cuts Diamond Production by 16% as Global Demand Slows Angola and Nigeria at the Forefront of Africa’s Energy Independence Drive Dangote Refinery Ramps Up with U.S. Crude Amid Nigeria’s Oil Supply Challenges Bank of Ghana Ends Gold for Oil Programme After GH¢2.1 Billion Loss Petrobras Targets Africa as Key International Growth Frontier SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil
Petra Diamonds Reports Lower Sales Amid Market Volatility Oman Replaces Sanctioned Alrosa in Angola’s Catoca Diamond Mine AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor Botswana Cuts Diamond Production by 16% as Global Demand Slows Angola and Nigeria at the Forefront of Africa’s Energy Independence Drive Dangote Refinery Ramps Up with U.S. Crude Amid Nigeria’s Oil Supply Challenges Bank of Ghana Ends Gold for Oil Programme After GH¢2.1 Billion Loss Petrobras Targets Africa as Key International Growth Frontier SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil
Corporate News Diamonds International

Petra Diamonds Reports Lower Sales Amid Market Volatility

Corporate News Diamonds Local

Oman Replaces Sanctioned Alrosa in Angola’s Catoca Diamond Mine

Local Economy Transport and Logistics

AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor

More Angolan Mining News

Corporate News Diamonds International

Petra Diamonds Reports Lower Sales Amid Market Volatility

London-listed Petra Diamonds has sold 613,682 carats of diamonds for $53 million during its combined…
Corporate News Diamonds Local

Oman Replaces Sanctioned Alrosa in Angola’s Catoca Diamond Mine

A subsidiary of Oman’s sovereign wealth fund has replaced Russia’s Alrosa as a shareholder in…
Local Economy Transport and Logistics

AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor

Africa Finance Corporation (AFC), a Lagos-based continental financier, will soon sign a $320 million financing…
Diamonds International News

Botswana Cuts Diamond Production by 16% as Global Demand Slows

Botswana has announced a 16% reduction in diamond production for 2025, a strategic move in…
Local Energy News

Angola and Nigeria at the Forefront of Africa’s Energy Independence Drive

Angola and Nigeria are taking center stage in Africa’s quest for energy security, with the…
Corporate News International Oil Petroleum

Dangote Refinery Ramps Up with U.S. Crude Amid Nigeria’s Oil Supply Challenges

Africa’s largest crude oil refinery, the $20 billion Dangote Refinery, has increasingly turned to U.S.…
Corporate News Diamonds International

Burgundy Diamond Mines Reports $93 Million Revenue in Q4 Sales

ASX-listed Burgundy Diamond Mines, the operator of the Ekati Mine in Canada, achieved $93 million in revenue from two successful diamond sales cycles in the fourth quarter of 2024. Q4 Sales Highlights Burgundy CEO Kim Truter highlighted the strong performance of Ekati’s ethically sourced diamonds: “Ekati’s ethically produced G7 product sold well this quarter, achieving $106 per carat in the latest sale. While this number reflects a higher-quality parcel of goods, we also observed gains

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Local Gas Mining Projects Oil

ANPG Plans New Oil and Gas Projects to Sustain Production Beyond 2027

The National Agency for Oil, Gas, and Biofuels (ANPG) has announced that the Agogo Full Field (Block 15/06), CLOV (Block 17), Begonia (Block 17/06), Greater Infills, Plutonium (Block 18), and KARI (Block 32) projects will begin production in 2025. These are among the key assets to help maintain oil production above one million barrels per day until 2027, as outlined in the ANPG’s report presented at the X Consultative Council of the Ministry of Mineral

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Local Transport and Logistics

Lobito Corridor Key to Sustainable Economic Development and Regional Integration

The importance of the Lobito Corridor in fostering inclusive and sustainable economic development in the region was recently highlighted by the EU-Angola Dialogues team, which visited Benguela. According to a press release sent to Jornal de Angola, the Lobito Corridor is part of the European Union’s Global “Gateway” strategy and is a central element in its cooperation with Africa, contributing to regional economic growth and integration. The project, the statement explains, involves the development and

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Corporate News Diamonds Local

Catoca Mining Company Wins Major Awards at Angola Mining Awards 2024

The Sociedade Mineira de Catoca emerged as the top winner in the “Mining Operator of the Year in the Diamond Industry” category at the inaugural Angola Mining Awards held in Luanda on Friday. The event, which aimed to recognize the standout players in the mining industry over the past year, celebrated various achievements across multiple sectors. Pedra Rubra won the “Marketing and Jewelry” category, while the “Cutting” category was claimed by the Kassinga Project in

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Corporate News Gas Local Oil

Sonangol E.P. Boosts Efficiency with 30% Increase in Block 3/05 Production

Sonangol E.P. has implemented a series of key initiatives between 2019 and 2024 to address declining production, the impacts of the COVID-19 pandemic, and improve operational efficiency. Key milestones include the development of a strategy to mitigate production declines, restoring water injection systems, restarting production in Block 3/05A, and achieving a 30% production increase in Block 3/05 in 2023, equating to 6,000 barrels per day. According to a report seen by Jornal de Angola, by

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International Energy

Republic of Congo Launches Micro-Hydropower Initiative to Enhance Rural Electrification

The Republic of Congo has begun studies for micro-hydropower plants as part of its efforts to improve rural electrification. On December 6, the Ministry of Energy and Hydraulics, in collaboration with the United Nations Development Program (UNDP), held a workshop to review the project framework, explore financing options, and assess its feasibility. With rural areas heavily dependent on costly and unsustainable diesel systems, this initiative aims to improve energy access, reduce disparities, and contribute to

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Local Economy News

Angola and U.S. Forge Partnership to Boost Trade and Investment

Angola’s Ministry of Commerce and the U.S. Department of Commerce have signed a Memorandum of Understanding (MoU) to establish the U.S.-Angola Commercial and Investment Partnership (CIP). This landmark agreement seeks to foster private sector collaboration and identify opportunities in agricultural technology, infrastructure, and other key sectors. “Through the CIP, the Department and Ministry plan to engage with private sector stakeholders to promote equitable, private sector-led economic growth,” stated the U.S. Department of Commerce. The agreement

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Diamonds Corporate News International

Lucara Diamond Unveils 2025 Strategy for Botswana’s Karowe Mine

Canadian mining company Lucara Diamond has announced its 2025 operational plan for the Karowe Mine in Botswana, with a focus on increasing production, advancing an underground expansion, and boosting revenue. The company aims to mine up to 2.2 million tons of ore in 2025 while implementing a $115 million underground mine expansion project. This initiative, slated for completion by 2028, is expected to extend the mine’s lifespan beyond 2040. Lucara also projects $225 million in

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International Diamonds Gold

US Sanctions Uncover Global Gold Smuggling and Money Laundering Network

The United States has imposed sanctions on 28 individuals and businesses in the diamond and jewelry industry, accusing them of involvement in a global gold-smuggling and money-laundering operation. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) revealed that the operation is based in Zimbabwe and led by Kamlesh Pattni, a Kenyan businessman infamous for his role in the 1990s Goldenberg gold-trading scandal. After fleeing to Zimbabwe, Pattni was allegedly involved in

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Corporate News Exploration International Oil

QatarEnergy Strengthens Offshore Presence in Namibia with Block 2813 Stake

QatarEnergy has expanded its upstream portfolio in Namibia by acquiring a 27.5% working interest in Block 2813 under a new agreement with Harmattan Energy Limited (HEL), the operator of the block. Announced on Sunday, the agreement confirms HEL, an indirect subsidiary of Chevron Corporation, as the majority stakeholder with a 52.5% interest. The remaining partners, Trago Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR), each hold a 10% interest, according to QatarEnergy’s press

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