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Gold International News

Fortuna Mining Expands Gold Resource at Diamba Sud Project in Senegal

10, August, 202510, August, 2025

Fortuna Mining Boosts Senegal Gold Resources by 53% Before Q4 2025 Economic Study Fortuna Mining (NYSE: FSM; TSX: FVI) has significantly increased the mineral resource estimate at its Diamba Sud gold project in Senegal as it prepares a preliminary economic assessment (PEA) scheduled for completion in the fourth quarter of 2025. The updated estimate now stands at 724,000 ounces of gold in indicated resources, a 53% increase from the year-end 2024 figure. Inferred resources have

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Corporate News Diamonds International

Botswana’s Bid for De Beers Risks Backfiring Amid Diamond Price Slump

8, August, 20258, August, 2025

Diamond Price Crash Puts Botswana’s De Beers Takeover Ambitions in Jeopardy The old saying “be careful what you wish for” may prove true for Botswana, the small southern African nation eager to take full control of the De Beers diamond empire — just as the global diamond market faces one of its worst slumps in decades. Botswana already owns 15% of De Beers, but it has signalled interest in acquiring the entire business. The opportunity

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Diamonds Corporate News Local

Angola Boosts Diamond Sector Collaboration with India on Official Trade Mission

6, August, 20256, August, 2025

Angola Strengthens Diamond Industry Ties with India Through ENDIAMA-Led Trade Mission On the second day of its official trade mission to India, the Angolan delegation, led by Elton Escrivão, Director of Marketing at ENDIAMA-EP, continued an intensive agenda focused on expanding strategic partnerships in the diamond industry. A key highlight of the day was the delegation’s participation in technical presentations hosted by the International Gemological Institute (IGI) — one of the world’s most respected authorities

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Corporate News Gas Local

SonaGás Confirms Stable National Gas Supply and Operational Infrastructure in Angola

6, August, 20256, August, 2025

SonaGás Reaffirms Reliable Gas Supply Across Angola, Ensures All Facilities Remain Operational SonaGás, the gas and renewable energy subsidiary of Angola’s national oil company Sonangol, has assured the public of a stable and sufficient supply of liquefied petroleum gas (LPG) throughout the country. The announcement, made on Monday, comes amidst public speculation and concerns over gas availability in various regions. In an official press statement, SonaGás confirmed that it has adequate stock levels to meet

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Corporate News Gas Local Oil

Chevron Expands LNG and Deepwater Oil Operations in Angola

6, August, 20256, August, 2025

Chevron Advances Angola’s Gas and Deepwater Oil Development Energy giant Chevron continues to play a significant role in Angola’s growing oil and gas sector, focusing on expanding natural gas development and deepwater oil opportunities. The company’s efforts support Angola’s economic diversification and aim to strengthen its position as a key LNG exporter. Chevron’s involvement in Angola includes the Sanha Lean Gas Connection project, which began producing gas in December 2024. This project, led by Chevron’s

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Corporate News Local Oil

Agogo FPSO Begins Oil Production in Angola with 450M-Barrel Reserves

6, August, 20256, August, 2025

Angola Launches Production at Agogo FPSO, Aims for 175,000 Barrels/Day with First Carbon-Neutral Offshore Facility Angola’s Agogo Floating Production, Storage, and Offloading (FPSO) unit has officially commenced oil production, marking a significant milestone in the country’s energy sector. The project—operated by Azule Energy in partnership with Sonangol P&P and Sinopec International—is part of the larger Agogo Integrated West Hub (IWH) Project in Block 15/06 offshore Angola. With estimated reserves of 450 million barrels and a

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Corporate News Diamonds International

Alrosa Sales Fall 24% Amid Sanctions and Global Diamond Market Slump

6, August, 20256, August, 2025

Alrosa Revenue Drops to $1.45 Billion in H1 2025 as Sanctions and Market Weakness Persist Russian diamond giant Alrosa reported a 24% year-on-year drop in revenue for the first half of 2025, as the global diamond market continues to struggle and international sanctions on Russian goods remain in effect. For the six months ending June 30, Alrosa’s revenue declined to RUB 116.04 billion (US$1.45 billion), according to the company’s financial results released last week. While

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Corporate News Diamonds International

Tanishq and De Beers Launch In-Store Diamond Verification Centers Across India

6, August, 20256, August, 2025

Tanishq Partners with De Beers to Offer In-Store Diamond Authentication at Select Locations in India Titan-owned jeweler Tanishq has partnered with De Beers to launch diamond verification centers at select retail stores across India, aiming to provide customers with transparent, real-time insights into the authenticity and quality of their diamonds. The initiative, announced last week, will give shoppers in-store access to advanced diamond testing tools designed to distinguish between natural and lab-grown diamonds. This move

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Corporate News International Oil

Shell Shifts Focus Away from Namibia Amid Global Exploration Strategy Reset

6, August, 20256, August, 2025

Shell Downscales Namibia Oil Exploration Priority in New Global Strategy Shift Shell has signaled a strategic shift away from prioritizing Namibia in its oil and gas exploration plans, as the company adopts a more selective and focused global investment approach, CEO Wael Sawan announced. While Shell maintains an active presence in Namibia’s offshore sector, the country is no longer considered a top exploration priority, Sawan said, citing a broader reevaluation of the company’s exploration portfolio.

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International Energy Oil Technology & Innovation

Namibia Selects South African Nuclear Technology for Walvis Bay Oil Refinery

6, August, 20256, August, 2025

Namibia to Power New Walvis Bay Oil Refinery with South African Modular Nuclear Reactor Namibia has chosen cutting-edge South African nuclear technology to power a new oil refinery planned for Walvis Bay, a move that marks a significant step toward energy independence and industrial expansion. The project is being spearheaded by the Dune 7 Special Purpose Vehicle (SPV) and enjoys the backing of the Namibian government. The planned facility will have a capacity of 300,000

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