Angolan Mining Oil & Gas - Page 70 of 270 - Top Angolan News for Oil, Gas and Mining Industries

Diamonds International News

Gem Diamonds Recovers 212.49 ct Type II Diamond from Letšeng Mine

31, May, 202431, May, 2024

Gem Diamonds has recovered a 212.49 carat Type II white diamond from its 70%-owned Letšeng mine in Lesotho. This marks the sixth diamond weighing over 100 carats to be recovered from the mine this year. Located in the Maluti Mountains of Lesotho, the Letšeng mine is renowned for producing large, high-quality Type II diamonds. These exceptional diamonds, each weighing over 100 carats, contribute 70% to 80% of Gem Diamonds’ annual revenue.

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International Energy News Renewable Energy

Nigeria to deploy 250 MW of distributed solar

31, May, 202431, May, 2024

Nigeria’s Rural Electrification Agency is partnering with Husk Power Systems for interconnected minigrids and isolated minigrids, rooftop commercial and industrial (C&I) solar, productive use of energy (PUE) initiatives, appliance sales, and financing. The Rural Electrification Agency (REA) of Nigeria and Husk Power Systems have agreed on a strategic partnership to deploy up to 250 MW of decentralized renewable energy (DRE) projects in support of the government’s energy access, energy transition, and energy security targets. The

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International Exploration Gas News Oil

Mozambique Signs Oil and Gas Exploration Contracts with CNOOC and ENI

31, May, 202431, May, 2024

The Mozambican government and Chinese oil company CNOOC Hong Kong Holding signed five concession contracts on Thursday in Maputo for oil and gas exploration in the Angoche sedimentary basin, located off the coast of Nampula province. Additionally, a sixth contract was signed with Italian energy company ENI. At the signing ceremony, Minister of Mineral Resources and Energy Carlos Zacarias noted that this milestone is the culmination of a process that began in November 2021, when

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International News Oil

Galp to Sell Stake in Mozambique’s Rovuma Basin to ADNOC

31, May, 202431, May, 2024

The Mozambican Ministry of Mineral Resources and Energy has announced a potential change in the partnership of Area 4 in the Rovuma Basin, located off the coast of Cabo Delgado province. This follows the decision by the Portuguese oil and gas company Galp to sell its stake to the Emirati oil company ADNOC. Galp has reached an agreement with ADNOC to sell its position in the Area 4 natural gas consortium for nearly 600 million

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Diamonds International News

Botswana’s President Masisi Defends Natural Diamonds Amid Synthetic Gem Threat

31, May, 202431, May, 2024

Botswana’s President Mokgweetsi Masisi on Wednesday labeled synthetic gems a significant threat to the country’s economic foundation, as the government prepares to launch a $6-billion project to extend the life of its flagship Jwaneng diamond mine. The natural diamond market has faced challenges over the past two years due to rising consumer demand for cheaper lab-grown diamonds and global macroeconomic volatility. Masisi will attend the JCK Show in Las Vegas this week, the world’s largest

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Local Energy News

Government plans to open energy production to the private sector

31, May, 202431, May, 2024

The expansion and modernization of the national electrical system, which includes three million connections, by 2027, foresees the insertion of the private sector in the production, distribution and commercialization of electrical energy in the country, with a view to ensuring financial sustainability, reducing high losses and improve the “weight” in the Gross Domestic Product (GDP). To this end, the Executive is already working on the new legal framework that will allow entrepreneurs to enter the

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Diamonds Local News

Lucapa Diamond Miner Eyes Angola’s Diamond Potential Under New Leadership

28, May, 202428, May, 2024

Lucapa, an Australia-based diamond miner, under the helm of its newly appointed chairperson, Stuart Brown, sees Angola as the primary target for diamond exploration globally. Brown, a former De Beers CFO and interim CEO, emphasized Angola’s potential in Lucapa’s strategic direction, citing its largely unexplored diamond-rich provinces as key exploration targets. The company’s 15-year presence in Angola, particularly through its Lulo operation, has been marked by significant success in alluvial diamond production. Brown highlighted Lulo’s

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Local Energy News

Angola’s National Electrical System Expansion Targets Private Sector Integration by 2027

28, May, 202428, May, 2024

The expansion and modernization of Angola’s national electrical system aims to add three million connections by 2027, with a key focus on integrating the private sector into energy production, distribution, and commercialization. This initiative seeks to ensure financial sustainability, reduce high losses, and improve the sector’s contribution to the Gross Domestic Product (GDP). To facilitate this transition, the government is working on a new legal framework that will open the energy market to private entrepreneurs.

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Diamonds Local Mining News

Lucapa Diamond Company Unearths 195-Carat Diamond at Lulo Mine in Angola

28, May, 202428, May, 2024

Lucapa Diamond Company has recovered a 195-carat, type IIa rough diamond from its Lulo alluvial mine in Angola, marking a significant addition to its collection of large diamonds. This find, announced on Tuesday, is the sixth-largest diamond discovered at Lulo since operations began in 2015 and the fourth diamond over 100 carats recovered this year. This discovery follows the unearthing of a 203-carat, type IIa rough diamond in March, processed from stockpiled ore at the

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International Energy News Renewable Energy

TE H2 and VERBUND to Develop Major Green Hydrogen Project in Tunisia

28, May, 202428, May, 2024

TE H2, a joint venture between TotalEnergies and EREN Groupe, along with Austrian electric company VERBUND, have signed a memorandum of understanding (MoU) with Tunisia to explore the development of a substantial green hydrogen project named H2 Notos. The H2 Notos project aims to produce green hydrogen using electrolysers powered by large onshore wind and solar projects, utilizing desalinated seawater. The green hydrogen produced will be exported to Central Europe. Initially, the project is expected

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