Vital Industry News
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 Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province Nigeria to Launch Cawthorne Crude Exports as Output Recovers
International News Oil

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

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

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 International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Corporate News International

Mozambique Clears Path for TotalEnergies to Restart $20 Billion LNG Project

Mozambique Restores Conditions for TotalEnergies to Resume $20 Billion LNG Development in Cabo Delgado Mozambique has established the necessary conditions for TotalEnergies to resume its $20 billion LNG project, the country’s energy minister confirmed. The project, located in Cabo Delgado, originated after the discovery of significant natural gas reserves off the northern coast in 2010 and reached a final investment decision in 2019. In 2021, TotalEnergies suspended operations following a deadly insurgent attack near its

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Corporate News International Oil

Sintana Energy Extends Namibia’s PEL 79 License Through 2026 Amid Growing Offshore Oil Interest

Sintana Energy Secures One-Year Extension for Namibia’s PEL 79, Boosting Offshore Exploration Prospects Sintana Energy has secured a one-year extension for its Petroleum Exploration License 79 (PEL 79) in Namibia’s Orange Basin, now valid through July 2026. The extension, granted by Namibia’s Ministry of Industries, Mines and Energy, covers exploration blocks 2815 and 2915. PEL 79 is held through a joint venture between NAMCOR and Giraffe Energy Investments, with NAMCOR acting as operator. Sintana holds

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Corporate News Gas International

Eni Ghana and Partners Boost Gas Processing Capacity to 270 MMSCFD, Enhancing National Energy Security

Eni Ghana Expands Gas Processing Facilities to 270 MMSCFD, Supporting Cleaner Energy and Power Supply Eni Ghana, together with its partners Vitol Upstream Ghana Ltd and the Ghana National Petroleum Corporation (GNPC), has successfully expanded its gas processing facilities, increasing capacity to 270 million standard cubic feet per day (MMSCFD). This expansion is a vital step toward strengthening Ghana’s energy security and accelerating the country’s transition to cleaner energy sources. Since its launch in 2018,

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International Gas News Oil

DRC and Tanzania Deepen Energy Ties with New Joint Committee on Oil and Gas

DRC and Tanzania Strengthen Oil and Gas Cooperation with Joint Technical Committee and Updated MoU The Democratic Republic of the Congo (DRC) and Tanzania have agreed to establish a joint technical committee to enhance collaboration in the oil and gas sector. The announcement followed a bilateral meeting held on July 8 between Aime Sakombi Molendo, the DRC’s Minister of Hydrocarbons, and Dr. Doto Biteko, Tanzania’s Deputy Prime Minister and Minister of Energy. The newly formed

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Gold International News

Gold Price Edges Up 0.35% as Global Uncertainty Sustains Demand

DRC Gold Prices Rise Slightly to $108.60 per Gram Amid Global Economic Caution The price of gold—one of the Democratic Republic of Congo’s (DRC) most strategic export minerals—saw a modest increase of 0.35% on international markets during the week of July 14 to 19, 2025. According to a statement from the National Commission of Mercuriales under the Ministry of Foreign Trade, gold traded at $108.60 per gram, up from $108.22 the previous week. Experts say

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Gold International News

Gold Prices Rise Slightly as DRC Faces Call to Strengthen Mining Value Chain

DRC Gold Prices Inch Up 0.35% Amid Global Tensions; Experts Urge Local Refining and Traceability The price of gold—a critical mineral resource for the Democratic Republic of Congo (DRC)—has seen a modest increase on the international market. From July 14 to 19, 2025, the price of one gram of gold rose by 0.35%, reaching $108.60, up from $108.22 the previous week, according to a press release from the National Commission of Mercuriales under the Ministry

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Diamonds International News

Zimbabwe’s Largest Diamond Miner Cuts 400 Jobs Amid Global Market Slump

ZCDC Lays Off 400 Workers as Global Diamond Prices Plunge and Lab-Grown Gems Rise Zimbabwe’s largest diamond producer, the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), is laying off 400 employees as it struggles to cope with a global downturn in demand for natural diamonds, a company representative confirmed. Speaking by phone, the spokesperson explained that the job cuts were a necessary measure to keep operations running and avoid a complete shutdown. In a follow-up text

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Corporate News Gold Local Mining Projects

Tyranna Resources Secures Majority Stake in Promising Maongo Copper-Gold Project in Angola

Tyranna Resources Acquires 70% of Angola’s Maongo Copper-Gold Project Amid Growing Demand for Strategic Metals Tyranna Resources, an ASX-listed company, has signed agreements to acquire a 70% interest in the Maongo copper-gold project, located 25 km northeast of Namibe, Angola. The project comprises a single prospecting concession application covering 269 km², which is expected to be formally granted in the September 2025 quarter. The area hosts extensive historical mining infrastructure, including ore treatment sites, three

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Corporate News Local Mining Projects

Pensana Advances Longonjo Rare Earths Project with Expanded Processing Plant Site in Angola

Pensana Boosts Longonjo Rare Earths Project with Key Milestone, Driving Jobs and Economic Growth in Angola Rare earths developer Pensana has announced the successful completion of the expanded processing plant area at its Longonjo rare earths refinery project in Angola—marking a critical step forward in accelerating construction activities. Local stakeholders have shown strong support for the project, recognizing its potential to bring long-term economic growth and social development to the region. According to Pensana, the

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International News Oil

Nigeria’s NNPC Explores Refinery Sales Amid High Rehabilitation Costs and Strategic Review

NNPC Considers Refinery Sales Amid Costly Rehabilitation and Strategic Review The Nigerian National Petroleum Company (NNPC) is considering the possible sale of some of its state-owned refineries as part of a broader strategic overhaul to address persistent challenges in its rehabilitation efforts. Speaking to Bloomberg at the 9th OPEC International Seminar in Vienna, NNPC Group CEO Bayo Ojulari revealed that the company is conducting a comprehensive review of its refinery operations, expected to be completed

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