Vital Industry News
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 Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations
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

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

More Angolan Mining News

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 Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News Diamonds International

Botswana Seeks Control of De Beers Amid Anglo American’s Exit

Botswana Aims for Majority Stake in De Beers as Anglo American Plans Divestment Botswana is positioning itself to take a controlling stake in De Beers, as Anglo American prepares to divest from the global diamond giant, according to a report by the Financial Times. Mining Minister Bogolo Kenewendo told the Financial Times that President Duma Boko is “resolute in his quest” to increase Botswana’s share in De Beers. The government aims to gain full control

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Corporate News Diamonds International

Gem Diamonds Scales Back Letšeng Mine Operations Amid Market Downturn

Gem Diamonds Cuts Costs and Operations at Letšeng Mine After Share Price Plunge Gem Diamonds, listed on the London Stock Exchange, saw its share price plummet by over 22% on July 23 following the announcement of significant operational cutbacks at its flagship Letšeng mine in Lesotho. The move comes in response to continued weakness in global diamond prices, a soft US dollar, and uncertainty surrounding US tariffs. In a statement to shareholders, the company said,

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International Corporate News Oil

Woodside Energy Posts Strong Q2 Revenue on Sangomar Boost, Despite Hydrogen and Decommissioning Write-Downs

Woodside Energy Beats Q2 Revenue Forecast on Sangomar Output, Exits Hydrogen Project with $140M Loss Australia’s Woodside Energy delivered an 8% rise in second-quarter revenue, beating market expectations on the back of strong production from Senegal’s Sangomar project. However, the company also reported significant write-downs tied to a failed hydrogen venture and rising decommissioning costs at aging offshore assets. The country’s largest gas producer generated $3.28 billion in revenue for the three months ending June

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Local Corporate News Oil

Dangote Refinery Turns to Angola’s Fleet Amid Nigeria’s Maritime Capacity Challenges

Dangote Refinery has begun relying on Angola’s shipping fleet for the transportation of its crude oil and refined products. Speaking at the 2025 Maritime Law Seminar in Lagos, Ladi Olubowale, President of the African Shipowners Association in Nigeria, revealed that Dangote’s decision stems from the lack of suitably sized vessels owned by Nigerian ship operators. Olubowale, a retired ship captain, explained that Nigerian shipowners currently do not possess vessels with the capacity to handle Dangote’s

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Local Infrastructure News

Angola Secures €75 Million from AFC to Build 186 Bridges and Upgrade National Roads

Angola Accelerates Infrastructure Growth with €75 Million Boost from Africa Finance Corporation Angola has received a significant boost to its transportation infrastructure, with the disbursement of €75 million from the Africa Finance Corporation (AFC). This funding is part of an €85 million sovereign facility designed to transform the country’s national road network. The investment will support the construction of 186 priority bridges and strategic upgrades to key national roads. These initiatives are aligned with Angola’s

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Corporate News Gold International

Montage Gold Surpasses 2024 Drilling Totals, Accelerates Resource Growth at Koné Project

Montage Gold Expands Côte d’Ivoire Drilling, Adds 404,000 oz to High-Grade Resources in Under a Year Montage Gold has ramped up exploration efforts at its flagship Koné gold project in Côte d’Ivoire, achieving significant milestones just halfway through 2025. The Canadian-listed company has already surpassed its total drilling output from 2024, signaling robust progress toward its near-term production and resource expansion goals. As of mid-year, Montage has completed 83,280 metres of drilling—exceeding last year’s total

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Corporate News Gold International

Mali Court Denies Barrick Mining’s Appeal to Release Detained Employees Amid Ongoing Dispute

Mali Rejects Barrick Gold’s Appeal Over Employee Arrests as Mining Dispute Deepens A court in Mali on Tuesday rejected an appeal by Barrick Gold Corporation to release four local employees who were arrested in November 2024, according to Judge Samba Sarr. This ruling marks the latest development in a prolonged standoff between the Canadian mining giant and Mali’s military-led government over taxes and mine ownership. Barrick, which has consistently dismissed the allegations as baseless, filed

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Local Mining News

Mining Law Key to Angola’s Sovereignty and Sustainable Growth

Mining Law Is Key to Angola’s Sovereignty and Sustainable Development, Says Minister The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, emphasized on Tuesday in Luanda that Mining Law in Angola is a vital tool for national sovereignty and economic justice, serving as a pathway toward the country’s sustainable development. Speaking at the opening ceremony of a specialized course in Mining Law, held at a university in Luanda, Azevedo highlighted the urgent need to

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Local Gas News Oil

Diamantino Awarded Medal for Peace and Energy Leadership as Angola Charts Bold Energy Future

The African Energy Chamber supports Minister Azevedo’s national honor, recognizing his leadership in transforming Angola’s oil and gas sector through major reforms and strategic projects In recognition of a lifetime dedicated to peace, development and the advancement of Angola’s oil and gas industry, Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas, has been awarded the Commemorative Medal for the 50th Anniversary of National Independence in the Peace and Development Class by Angola’s President

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Local Gas News Oil

Angola’s Oil and Gas Output Drops 10.2 Percent in Q2 2025 Amid Sector Struggles

Angola Oil Production Falls to One Million Barrels Per Day in Q2 2025 as Sector Contracts Over 10 Percent Oil and gas production in Angola fell by 10.2 percent in the second quarter of 2025, according to an estimate released Monday by the Economic Studies Department of Banco Fomento Angola (BFA). The decline brought daily oil output down to approximately 1 million barrels per day, reinforcing the ongoing structural downturn in the country’s crude oil

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