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…
Corporate News Gas International Petroleum

Seplat Energy Completes First Domestic LPG Supply, Boosts Nigeria’s Energy Security

Seplat Energy Delivers First Domestic LPG Supply to Cut Cooking Gas Imports and Strengthen Nigeria’s Energy Security Seplat Energy PLC has successfully completed its first domestic supply of Liquefied Petroleum Gas (LPG)—Butane from the Bonny River Terminal (BRT) in Rivers State, Nigeria. The inaugural shipment involved loading 12,600 metric tons (MT) of LPG, a milestone that underscores Seplat’s strategy to expand local energy availability and reduce Nigeria’s reliance on imported cooking gas. Until now, LPG

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International Oil Partnerships Petroleum

Algeria Deepens Energy Ties with Occidental Petroleum Through New Study Agreements

Algeria Signs Oil and Gas Study Deals with Occidental Petroleum to Boost Exploration Potential Algeria has strengthened its partnership with U.S. energy giant Occidental Petroleum by signing two study agreements aimed at assessing oil and gas reserves in the country’s south. The deals, announced by Alnaft, Algeria’s National Agency for Hydrocarbon Resources Valorization, cover El Ouabed and Dahar, two promising regions in southern Algeria. Assessing New Hydrocarbon Potential According to Alnaft, the agreements will allow

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International Energy Gas News Oil

Nigeria’s President Commissions WAGL LPG Vessel in Abroad

Nigeria Expands LPG Fleet as Tinubu Commissions MT Iyaloja in South Korea to Boost Clean Energy Access President Bola Ahmed Tinubu has reaffirmed Nigeria’s readiness to provide clean and sustainable energy solutions at home, across Africa, and globally. The President made this known while commissioning a 40,000 cubic meter (CBM) Liquefied Petroleum Gas (LPG) carrier, MT Iyaloja (Lagos), at a ceremony in Ulsan, South Korea. The vessel, owned by WAGL Energy Limited—a joint venture between

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International Economy

Africa Energy Bank Faces Uncertain Future as Funding Dispute Stalls Launch

Africa Energy Bank Launch Threatened as Afreximbank Urges APPO to Release $1.25 Billion in Equity Funds The future of the Africa Energy Bank (AEB) is at risk after the African Export-Import Bank (Afreximbank) warned that delays by the African Petroleum Producers Organisation (APPO) in releasing equity subscription funds could indefinitely stall the landmark project. In a letter to APPO Secretary-General Dr. Omar Farouk Ibrahim, Afreximbank cautioned that APPO’s insistence on finalizing a launch date, selecting

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International Gas News

Nigeria Reaffirms Steady Gas Supply to West African Neighbors

Nigeria Vows Reliable Gas Supply to Togo, Benin, and Ghana to Tackle Energy Poverty The Federal Government has reiterated its commitment to ensuring a steady supply of gas from Nigeria to Togo, the Benin Republic, and Ghana in a bid to tackle energy poverty and drive economic growth across West Africa. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made the pledge during a meeting with the outgoing and incoming managing directors of the

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Local News

Angola Urged to Back AfCFTA During PAP Visit

Pan-African Parliament Calls on Angola to Ratify AfCFTA for Africa’s Economic Integration The President of the Pan-African Parliament (PAP), Chief Fortune Zephania Charumbira, has wrapped up a four-day official visit to Angola aimed at encouraging the country to ratify the African Continental Free Trade Area (AfCFTA) agreement — a cornerstone initiative for Africa’s economic integration. The AfCFTA, a flagship project of the African Union’s Agenda 2063, seeks to remove trade barriers across the continent and

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Corporate News Diamonds Local

Lucapa Diamond Secures Potential Lifeline with Proposed DOCA Backed by Gaston International

Lucapa Diamond Restructuring Plan Promises Full Creditor Repayment and Shareholder Returns Lucapa Diamond Company, the Perth-based miner behind the Lulo alluvial mine in Angola and the Merlin project in Australia, is eyeing a potential lifeline through a planned Deed of Company Arrangement (DOCA). The arrangement could ensure full repayment to creditors and offer a partial return to shareholders. Administrators Richard Tucker and Paul Pracilio of KordaMentha were appointed in May after Lucapa faced falling diamond

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Corporate News Diamonds International

Alrosa Reports 25% Revenue Drop Amid Sanctions, Geopolitical Headwinds

Sanctions-Hit Alrosa Sees Revenue Fall 25% in H1 2025, Profit Boosted by Angola Asset Sale Russia’s state-controlled diamond miner Alrosa has reported a 25% year-on-year drop in first-half revenue, citing persistent geopolitical and macroeconomic pressures as sanctions, high interest rates, inflation, and rising taxes weigh on demand and profitability. The Group of Seven (G7) banned direct imports of Russian diamonds in January 2024, later expanding the restrictions—together with the EU—to prohibit imports of Russia-origin stones

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Corporate News Diamonds International

Lucara Recovers 2,036-Carat Diamond in Botswana Amid Financial Strain

Lucara Unearths 2,036-Carat Diamond at Karowe Mine, Faces Going Concern Risks Lucara Diamond Corp, headquartered in Canada, has recovered its second diamond weighing more than 2,000 carats from the Karowe mine in Botswana—cementing the mine’s reputation for producing some of the world’s largest and most valuable stones, even as the company grapples with financial covenant breaches and uncertainty over its ability to continue as a going concern. “The Karowe diamond mine continues to validate its

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Corporate News Diamonds Local

De Beeers Group and Endiama Discover News Kimberlite Field in Angola

De Beers Group, together with Angola’s national diamond company, Endiama, yesterday announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola. In July 2025, the De Beers-Endiama joint venture successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne surveys completed in March 2025. This breakthrough represents the discovery of the first new kimberlite field

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