Vital Industry News
Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024 Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal Alrosa Unveils Russia’s Largest Polished Colored Diamond Dangote Refinery Expands Global Reach with Strategic Exports to Asia and Beyond Nigeria’s Oil Market Struggles Amid Crude Price Drop and Policy Shifts Angola’s Longonjo Mine Set to Supply 2.5% of Global Rare Earth Demand
Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024 Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal Alrosa Unveils Russia’s Largest Polished Colored Diamond Dangote Refinery Expands Global Reach with Strategic Exports to Asia and Beyond Nigeria’s Oil Market Struggles Amid Crude Price Drop and Policy Shifts Angola’s Longonjo Mine Set to Supply 2.5% of Global Rare Earth Demand
International News Oil

Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024

International Gas Oil

Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content

International News Renewable Energy

Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia

More Angolan Mining News

International News Oil

Namibia’s Orange Basin Drives Surge in Foreign Direct Investment (FDI) in Q4 2024

Exploration activity in Namibia’s Orange Basin has led to a significant rise in foreign direct…
International Gas Oil

Namibia’s Offshore Oil Discoveries Face Challenges Due to High Gas Content

Namibia's promising offshore oil discoveries are facing a significant obstacle to full-scale development due to…
International News Renewable Energy

Scatec Signs 25-Year PPA for 120MW Sidi Bouzid II Solar Plant in Tunisia

Scatec has signed a 25-year power purchase agreement (PPA) with Tunisia’s state utility, Société Tunisienne…
Local Gas News Oil

Africa Energy Bank Gains Momentum with Key Contributions from Nigeria, Angola, and Ghana

Nigeria, Angola, and Ghana have successfully fulfilled their capital commitments to establish the Africa Energy…
Corporate News International Oil

Aradel Holdings Expands Upstream Portfolio with $19.5 Million Acquisition of Olo Fields

Aradel Holdings Plc, a prominent Nigerian energy company, has successfully completed its acquisition of the…
Corporate News International Oil

Galp Sells Mozambique LNG Assets to ADNOC Unit in $881 Million Deal

Portuguese energy firm Galp has finalized the $881 million sale of its upstream assets in…
Local News Transport and Logistics

INFOTUR Leverages Lobito Corridor to Boost National Tourism

The Institute for Tourism Promotion (INFOTUR) plans to capitalize on the Lobito Corridor to enhance national tourism, announced the General Director, Lukeni Araújo, in Luanda. During the operation of the Rovos Rail luxury train this month, which travels between Lobito, Angola, and the Democratic Republic of Congo (DRC) after originating in Dar es Salaam, Tanzania, a total of 124 tourists were transported—60 entering Angola and 64 leaving. Araújo emphasized that INFOTUR’s primary mission is to

Loading

Read More Here

Diamonds Corporate News International

Lucara Diamond Reports Surge in Sales and Earnings

Lucara Diamond (TSX: LUC) reported a strong performance in the second quarter of the year, with significant increases in both sales and earnings. This boost was largely driven by its revitalized supply agreement with Belgium’s HB Antwerp, which purchases and polishes rough diamonds from Lucara’s flagship Karowe mine in Botswana. The Karowe operation generated $41.3 million in revenue, marking a 7% increase compared to the same period last year. Net profit surged to $11.4 million,

Loading

Read More Here

International Corporate News Diamonds News

Lucapa Diamond Sells 70% Stake in Lesotho’s Mothae Mine

Australia-headquartered Lucapa Diamond has successfully completed the sale of its 70% stake in the Mothae mine in Lesotho. The interest was sold to the local Lesotho company Lephema Executive Transport, after all conditions of the sale and purchase agreement, signed in June, were met. The divestment was carried out through a public sale process, following a strategic review of Lucapa’s asset portfolio by its newly restructured board of directors. The review concluded that Lucapa should

Loading

Read More Here

Diamonds International News

Botswana Seeks to Double Stake in HB Antwerp Amid Diamond Market Downturn

Botswana is renegotiating its planned purchase of a stake in Belgian gem dealer HB Antwerp to double its shareholding without additional cost, following a decline in the diamond market, Mines Minister Lefoko Moagi announced on Tuesday. As the world’s leading diamond producer by value, Botswana’s economy has been heavily impacted by decreased global demand for diamonds due to the economic slowdown. Moagi told Parliament that the downturn in the diamond market has lowered HB Antwerp’s

Loading

Read More Here

Diamonds Corporate News International News

Gem Diamonds Increases Diamond Sales by 9%, Generating $77.9 Million in Revenue

London-listed Gem Diamonds reported selling 56,944 carats of diamonds from its Letšeng mine in Lesotho, generating $77.9 million in revenue for the six months ended June 30. This marks a 9% increase compared to the 52,163 carats sold in the first half of 2023, which generated $71.6 million in revenue. The average price per carat in the first half of this year was $1,366, slightly lower than the $1,373 per carat recorded in the same

Loading

Read More Here

Diamonds Economy International News

Botswana to Cut Spending Amid Diamond Revenue Decline

Botswana plans to reduce spending on new vehicles and travel for government officials and may delay some capital projects due to a slump in diamond revenues, according to Finance Minister Peggy Serame. “We have to seriously reduce the pace of spending, and we are looking at areas such as procurement of vehicles, computers, workshops, and travel that is funded by the government,” Serame told lawmakers on Monday. In the first quarter of the fiscal year

Loading

Read More Here

Local News

Angolan Sovereign Wealth Fund Approves $10 Million Investment in Minbos Resources

ASX-listed Minbos Resources announced on Monday that the Angolan Sovereign Wealth Fund (Fundo Soberano de Angola, FSDEA) has approved a $10-million strategic investment in the company. This investment will support the construction of the Cabinda Phosphate Fertiliser Project (CPFP). FSDEA provided Minbos with written approval, detailing a $10-million investment at a price of either A$0.08 per share or the volume-weighted average price of Minbos shares for the ten days preceding the execution of the final

Loading

Read More Here

International Energy News

Egypt Expands Hydroelectric Projects to Boost Clean Energy Production

The Egyptian government has announced plans to develop two new hydroelectric projects as part of its broader strategy to transition to cleaner energy sources and reduce dependence on fossil fuels. These projects are expected to generate up to 2,000 MW of electricity. Unlike the Jabal Ataqa project, which utilizes treated sewage water, these new initiatives will draw water from the Nile River. The Jabal Ataqa project, launched in collaboration with the Chinese company Sinohydro in

Loading

Read More Here

International News Oil

Dangote Refinery Set to Disrupt Europe’s Oil Industry, OPEC Reports

The Organization of Petroleum Exporting Countries (OPEC) has announced that Nigeria’s Dangote Refinery, the world’s largest single-train facility, is poised to challenge Europe’s oil industry, particularly impacting the Northwest Europe (NWE) gasoil sector. In its June 2024 Oil Market Report, OPEC highlighted Dangote Refinery as a top supplier of diesel and aviation fuel. The report suggests that the refinery’s increased production could disrupt Europe’s oil and gas markets, a development experts believe will benefit the

Loading

Read More Here

International Gold Mining Safety

Tragic Mine Collapse in Sudan Claims 15 Lives Amid Torrential Rains

The collapse of a gold mine in Sudan’s South Darfur state, following torrential rains, has resulted in 15 fatalities, according to civil resistance committees in the region, as reported by Efe agency. The informal citizen network, which tracks casualties from the ongoing conflict between the army and paramilitary forces, stated that the collapse of six wells in the Al Bouta area led to the deaths of the miners, most of whom were from the town

Loading

Read More Here

1 … 66 67 68 69 70 … 296
en English pt Portuguese

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.