Vital Industry News
PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030 $1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola India-Led Kimberley Process Pushes for Digital Traceability and Stronger Diamond Certification Standards Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans Africa’s Strategic Rise as Global Energy and Shipping Routes Shift Away from the Strait of Hormuz Namibia’s Oil and Gas Sector Enters New Investment Phase with Planned Sintana Energy NSX Listing AfDB Boosts Uganda Rural Electrification Drive with €7.33 Million in Additional Financing TotalEnergies Expands African Energy Push as Namibia Emerges as Key Offshore Oil Frontier ReconAfrica Expands Into Angola as It Strengthens Oil and Gas Exploration Across Africa
International News Oil

PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap

International Gas News

IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030

Local News Transport and Logistics

$1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola

More Angolan Mining News

International News Oil

PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap

DRC’s PHC to Build Palm Oil Refinery by 2028 as Company Targets Vertical Integration and…
International Gas News

IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030

Middle East Conflict May Cut 120 bcm of Global LNG Supply by 2030, Warns International…
Local News Transport and Logistics

$1.32 Billion Secured for Lobito Corridor Railway to Link Zambia’s Copperbelt to Global Markets via Angola

Africa Finance Corporation and AfDB Back $5 Billion Lobito Corridor Railway to Connect Zambia Copper…
Diamonds International News

India-Led Kimberley Process Pushes for Digital Traceability and Stronger Diamond Certification Standards

Kimberley Process Chair Calls for Digital Traceability and Stronger Compliance to Boost Global Diamond Certification…
International Gold News

Burkina Faso Moves to Increase State Stake in Kiaka Gold Mine Amid West African Resources Expansion Plans

Burkina Faso Seeks 40% Stake in Kiaka Gold Mine as West African Resources Suspends Trading…
International News Oil

Africa’s Strategic Rise as Global Energy and Shipping Routes Shift Away from the Strait of Hormuz

Strait of Hormuz Disruptions Push Global Trade Toward Africa’s Red Sea, Gulf of Aden, and…
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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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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