Vital Industry News
Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East 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
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

More Angolan Mining News

International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
Oil Economy International News

Global Oil Prices Surge Amid Rising Tensions in the Middle East

Oil Prices Jump Above $114 as Strait of Hormuz Disruptions Trigger Global Energy Market Fears…
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 Governance News

DRC and Angola Strengthen Ties to Promote Security and Economic Growth in the Great Lakes Region

DRC Prime Minister and Angolan President Forge Strategic Partnership to Boost Stability and Trade in Central Africa The Prime Minister of the Democratic Republic of Congo (DRC), Judith Suminwa Tuluka, held high-level talks with Angolan President João Lourenço, who also serves as the African Union Chairperson. The discussions centered on enhancing security in the Great Lakes region and deepening economic cooperation, signaling a shared commitment to establishing their bilateral relationship as a pillar of stability

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Diamonds Corporate News International

De Beers Advances Sustainability with Emission Cuts, Conservation Projects, and Diamond Traceability

De Beers Reports 2024 Sustainability Progress: Emissions Down, Renewable Energy Expansion, and Blockchain Traceability Diamond mining giant De Beers has reported significant progress in its 2024 Sustainability Report, highlighting achievements in emission reduction, renewable energy development, biodiversity conservation, community impact, and diamond provenance. Since 2021, De Beers has reduced its Scope 1 and 2 emissions by 7% and continues to pursue its 2030 targets of cutting Scope 1 and 2 emissions by 42% and Scope

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Corporate News Gold International

Lexington Gold Expands Study Scope for Jelani JV in South Africa

Lexington Gold expands Jelani JV study in South Africa and completes drilling at Jennings-Pioneer project in the US AIM-listed Lexington Gold has announced that the conceptual-level study of the Jelani Resources joint venture (JV) project in South Africa, being undertaken by Bara Consulting, has been expanded to provide a more detailed and robust evaluation. Enhanced Study Scope for Jelani JV The upgraded study scope now includes: A more comprehensive validation of the proposed mining approach.

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Corporate News Local Mining Projects

Rare Earth Prices Surge Amid US-China Moves as Pensana Advances Angola Mine

Rare earth prices climb after US-China policy shifts, boosting interest in Pensana’s Angola project Rare earth prices have surged following two major policy moves: the US government’s agreement with MP Materials, which set a price of $110,000 per tonne for neodymium and praseodymium (NdPr), and China’s decision to ban the stockpiling of NdPr metal. London-listed emerging rare earths miner Pensana has highlighted the developments as it continues progress on its Longonjo rare earths project in

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Local News Transport and Logistics

Lobito Atlantic Railway Nears $533M US Loan to Boost Angola Rail Corridor

Lobito Atlantic Railway close to securing $533M US loan to modernize Angola’s key copper and cobalt export route Lobito Atlantic Railway (LAR) expects to finalize a $533 million loan agreement with the US International Development Finance Corporation (DFC) by the end of this year, according to CEO Nicholas Fournier. The financing is crucial to upgrading its Angolan railway concession and strengthening a vital export corridor for critical minerals. The DFC committed the loan in 2024

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Local Corporate News Transport and Logistics

Lobito Atlantic Railways Strengthens Leadership with New CEO and Chairperson Appointments

Lobito Atlantic Railways Names Nicholas Fournier CEO and Alexandre Canas Chair to Drive Angola’s Transport Corridor Expansion Angola’s rail operator Lobito Atlantic Railways (LAR) has announced a significant leadership change, appointing Nicholas Fournier as CEO and Alexandre Canas as chairperson on August 19. The move marks the formal separation of the two roles, a step aimed at strengthening governance as the company enters a crucial phase of operational growth. With its new executive committee and

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Corporate News International Oil

TotalEnergies Plans New Offshore Drilling in South Africa’s Deep Western Orange Basin

TotalEnergies to Drill Seven Wells in South Africa’s Orange Basin as Oil Frontier Expands TotalEnergies SE is preparing to launch a new offshore drilling campaign in South Africa’s Deep Western Orange Basin, a region that extends into waters where Namibia has recently made major oil discoveries. According to SLR Consulting, which is conducting an independent environmental assessment, TotalEnergies’ South African subsidiary intends to drill up to seven wells located about 211 kilometers (131 miles) off

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International News Oil

Cameroon to Revive Fire-Damaged Refinery Under Government-Backed Plan

Cameroon Launches $400M Plan to Restart Sonara Refinery by 2027 After 2019 Fire Cameroon’s 42,000-barrel-per-day Sonara refinery, shuttered since a devastating fire in 2019, is set for rehabilitation under a new government-backed program aimed at restoring the country’s refining capacity by 2027. The recovery framework, known as Parras 24, was formally approved during a board meeting on August 13. It sets out a 24-month roadmap for restructuring and repairs to revive operations at the country’s

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International News Oil

Namibia Delays Lüderitz Port Upgrade Amid Oil Boom Prospects

Namibia Postpones Lüderitz Harbor Expansion Crucial for Oil and Gas Industry Growth Namibia’s port authority has postponed plans to upgrade the southern harbor in Lüderitz, a key infrastructure project seen as vital for supporting the country’s fast-emerging oil and gas industry. The Namibian Ports Authority (Namport) had invited proposals for a concession to establish an oil and gas supply base in Lüderitz. However, the process was put on hold last week after the advertisement raised

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Corporate News International Oil

South African Court Halts TotalEnergies’ Cape Coast Drilling Plan

Court Halts TotalEnergies’ Offshore Oil Exploration Over Environmental Concerns A South African court has overturned an environmental authorization that allowed TotalEnergies and its joint venture partner Shell to explore for oil off the Cape coast, citing serious flaws in the company’s environmental review. The Western Cape High Court ruled on August 13 that TotalEnergies failed to adequately assess the potential socio-economic impact of oil spills and neglected to consider climate change in its application. “Total

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