Vital Industry News
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection 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
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
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…
International Energy Gas News Oil

Mozambique LNG Project Set to Resume, Aiming for Global Energy Supply by 2030

Mozambique LNG Megaproject to Restart in 2025, Supplying Japan and Asia by 2030 Construction of TotalEnergies’ liquefied natural gas (LNG) project in Mozambique is expected to resume by September 2025, with production projected to begin between 2029 and 2030, Mozambican President Daniel Chapo told the Japanese newspaper Nikkei last week. The $20 billion project, which also involves Mitsui & Co., was suspended in 2021 following an attack by Islamist militants. TotalEnergies has requested security guarantees,

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Corporate News International Oil

Mozambique Awaits TotalEnergies Decision to Resume LNG Project in Cabo Delgado

Mozambique Natural Gas Megaproject Hangs on TotalEnergies’ Decision Amid Security Concerns Mozambican President Daniel Chapo emphasized that the resumption of the country’s natural gas project, halted since 2021 due to terrorist attacks, depends on TotalEnergies, the project’s lead investor. “The resumption depends on who is leading the project, and at the moment, that is Total,” President Chapo said during a meeting with the president of the Japanese multinational Mitsui in Yokohama, host city of the

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Corporate News Diamonds Environment Social Governance (ESG) Local

Angola Inaugurates Lueji A’nkonde University Campus in Lunda-Norte

Angola Launches $69 Million Lueji A’nkonde University Campus to Educate Over 8,000 Students On August 14, Angola celebrated the inauguration of the Lueji A’nkonde University Campus in Lunda-Norte Province, a major investment exceeding $69 million by ENDIAMA. The ceremony was presided over by President João Lourenço, marking a significant milestone in Angola’s commitment to higher education and regional development. The new campus houses two faculties—Law and Economics—with a total of 87 classrooms: 47 for Economics

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Energy News Transport and Logistics

Zambia Signs $300M Deal to Electrify Lobito Corridor and Boost Trade by 2030

Zambia’s $300M ZESCO-Anzana Deal to Electrify Lobito Corridor, Boost Trade and Logistics by 2030 The Lobito Corridor, one of Africa’s most strategic trade routes, is set for a major upgrade after Zambia’s power utility ZESCO signed a $300 million agreement with energy firm Anzana to electrify communities and industries along the route. The project, scheduled for completion by 2030, will connect more than two million Zambians to reliable electricity while improving the efficiency and competitiveness

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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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