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Diamonds International News

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

20, September, 202520, September, 2025

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of Belgian gem trader HB Antwerp, the traditional system of selling rough diamonds through tenders and auctions is outdated, opaque, and leaves producers vulnerable.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

16, September, 202516, September, 2025

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

16, September, 202516, September, 2025

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

16, September, 202516, September, 2025

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

14, September, 202514, September, 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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Corporate News International Oil

Dangote Refinery Cuts Petrol Prices, Launches Direct Fuel Supply to 11 States

14, September, 202514, September, 2025

Dangote Refinery Slashes Petrol Prices to ₦841, Begins Free Fuel Delivery to 11 Nigerian States The Dangote Petroleum Refinery has announced a significant reduction in petrol prices alongside the launch of direct fuel distribution across 11 states, effective Monday, September 15, 2025. In a statement released Thursday on its official X account, the refinery confirmed that pump prices have been lowered to ₦841 per litre in Lagos and the South West, and ₦851 per litre

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Corporate News International Oil

Dangote Refinery Workers End Strike After Unionization Agreement

14, September, 202514, September, 2025

NUPENG Ends Strike as Dangote Refinery Agrees to Unionize Drivers in Landmark Deal The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its two-day strike after reaching an agreement with the Dangote Oil Refinery and the federal government, ensuring workers’ rights to unionize are upheld. The breakthrough came during a second round of talks on Tuesday, following a failed meeting on Monday. Williams Akporeha, NUPENG’s National President, confirmed that the strike was

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Oil International

Landmark Study Links Oil Giants’ Emissions to Deadly Global Heatwaves

14, September, 202514, September, 2025

New Study Directly Connects Major Oil Companies’ Carbon Emissions to Heatwaves and Rising Deaths Worldwide For the first time, researchers have directly linked the carbon emissions of major oil companies to deadly heatwaves across the globe—a finding experts are calling a “leap forward” in legal and political efforts to hold fossil fuel giants accountable for their role in the climate crisis. The study revealed that emissions from each of the world’s 14 largest oil and

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International Gas News

Afreximbank and MDGIF Partner to Invest $500 Million in Nigeria’s Gas Infrastructure

14, September, 202514, September, 2025

Afreximbank, MDGIF Sign $500 Million Deal to Modernize Nigeria’s Gas Infrastructure and Boost Industrialisation The African Export-Import Bank (Afreximbank) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark Memorandum of Understanding (MoU) to accelerate the development and modernisation of Nigeria’s gas infrastructure. The agreement was formalised on the sidelines of the Intra-African Trade Fair (IATF2025) by Mrs. Helen Brume, Afreximbank’s Director and Global Head of Project and Asset-Based Finance, and Mr.

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Corporate News Local Mining Projects

Pensana Appoints Karen Brown as COO to Drive Next Phase of Rare Earths Development

10, September, 202510, September, 2025

Pensana Names Karen Brown COO as Longonjo Rare Earths Project Advances London-listed Pensana, a company building a sustainable magnet metal supply chain, has appointed Karen Brown as Chief Operating Officer (COO), effective October 1. She succeeds Rocky Smith, who will continue to advise Pensana as part of the owner’s team for the Longonjo rare earths project in Angola. Pensana CEO Tim George praised Smith’s contributions over the past five years, noting: “Rocky’s expertise has been

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