Vital Industry News
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection 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
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
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…
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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Corporate News International Oil

Shell Eyes Ghana’s Pecan Oil Field as Mahama Reignites Energy and Infrastructure Agenda

Ghana’s Oil Sector Gains Momentum with Shell’s Pecan Bid and Mahama’s Infrastructure Drive President John Mahama has announced that global energy giant Shell has submitted a formal bid to participate in the development of Ghana’s Pecan Oil Field, marking a significant step forward in revitalizing the country’s oil and gas sector. The proposal is currently under review by key stakeholders. If approved, it could initiate the next phase of development for the offshore field, located

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Diamonds Economy Local News

Angola Hits Diamond Production Record in 2024 as Mining Diversification Gains Momentum

Angola Sets New Diamond Production Record with Over 14 Million Carats in 2024 as Mining Sector Expands Angola has reached a historic milestone in its diamond industry, producing over 14 million carats in 2024—the highest in the nation’s history. This achievement was announced by Diamantino Azevedo, Minister of Mineral Resources, Oil and Gas, during the launch of the International Mining Conference of Angola held last Thursday in Luanda. “This milestone fulfills one of the key

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Local Gas News

Angola Discovers Over 1 Trillion Cubic Feet of Gas in Gajajeira-01 Well

Angola Celebrates Major Gas Discovery in Gajajeira-01 Well and Expands Energy Development Efforts Angola has achieved a major milestone in its natural gas sector with the discovery of significant gas reserves in the Gajajeira-01 well, located offshore in Block 1/14 in the Lower Congo Basin. The announcement was made jointly by the National Agency of Petroleum, Gas, and Biofuels (ANPG) and Azule Energy. Azule Energy, the operator of Block 1/14 with a 35% stake, partners

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