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…
Corporate News Diamonds Exploration Local Mining Projects

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys

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Mining Projects Local News

Angola to Begin Copper Output at Mavoio Mine in September

The Mavoio copper mine, located in the municipality of Maquela do Zombo in Angola’s Uíge Province, is set to begin operations this September, entering its first phase of production with an expected output of 2,500 tons of copper per day. This marks a significant step for the country’s mining industry and regional development. According to a statement from the provincial government of Uíge, the mine has a total exploration capacity of 4,000 tons per day.

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Diamonds Local News

Angola Vows to Protect Natural Diamond Interests Amid De Beers Stake Sale

Angola is closely monitoring the ongoing restructuring of diamond giant De Beers, following the announcement that Anglo American—its majority shareholder—is planning to sell its 85% stake. The Angolan government is actively engaging with partners to prevent the company from being taken over by parties that lack a genuine interest in the future of natural diamonds. This assurance was given on Thursday by Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, during remarks at Endiama’s

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Corporate News Diamonds Local

Global Diamond Giant Hari Krishna Exports Eyes Investment in Angola’s Saurimo Hub

Hari Krishna Exports, one of the world’s leading companies in high-quality rough diamond cutting and jewelry manufacturing, has expressed strong interest in investing in Angola. The company plans to establish two diamond cutting factories in the Saurimo Diamond Development Hub, located in the province of Lunda Sul. A delegation from Hari Krishna Exports, led by Dharmesh Dholakia, is currently visiting Angola and has been received by the Ministry of Mineral Resources, Oil and Gas, as

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Diamonds Corporate News Local

Angola Defends Alrosa Exit as Strategic Shift in Diamond Sector Priorities

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, defended the decision to replace Russia’s Alrosa as a partner in the country’s key diamond mining ventures, saying the move was initially misunderstood but ultimately necessary to protect national and sectoral interests. Speaking at a diamond industry presentation on Thursday in Luanda, Azevedo acknowledged that the change “was not always well understood, including by Endiama itself,” referring to Angola’s state-owned diamond company. He emphasized that

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Local News Oil

Azevedo Criticizes OPEC as Angola Pursues Independent Energy and Investment Strategy

Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, strongly criticized the Organization of the Petroleum Exporting Countries (OPEC) on Thursday, describing Angola’s experience in the group as negative and unsustainable for the country’s long-term interests. Speaking in Luanda following a presentation on the international diamond industry, Azevedo stated, “OPEC is a cartel — whether we like it or not — and like all cartels, it operates through imposed quotas. Angola wasn’t setting the

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Diamonds Economy Local News

Martin Rapaport Urges Angola to Build Strong Diamond Brand and Negotiate U.S. Tariffs

International diamond expert Martin Rapaport emphasized on Thursday in Luanda the importance of Angola establishing a strong global brand for its diamonds and actively negotiating trade tariffs with the United States. Speaking to Lusa about the potential for increased diamond exports to the U.S. — following the replacement of former Russian partner Alrosa with Taaden, a company owned by the Sovereign Fund of the Sultanate of Oman — Rapaport stated that “the issue of sanctions

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Local Economy News Oil

Oil Price Surge Offers Budgetary Relief, Says Minister of Economic Coordination

The Minister of State for Economic Coordination, José de Lima Massano, has acknowledged that the recent increase in global oil prices is easing pressure on Angola’s public finances and will help sustain the main projects outlined in the 2025 General State Budget (OGE). When questioned about the impact of rising crude prices, Massano emphasized that it is “too early to draw definitive conclusions.” However, he noted that oil prices are approaching the $70 per barrel

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International News Oil

Ethiopia Joins Africa’s Oil Exporting Nations with Historic Crude Debut

A new chapter is unfolding in Africa’s energy sector as Ethiopia prepares to join the ranks of oil-exporting nations. In a landmark move, the country is set to launch its first-ever crude oil exports this September, marking a significant step forward in its economic development and energy independence. The announcement was made by Ethiopian Prime Minister Abiy Ahmed, who confirmed that petroleum exports will commence in September, according to the local media outlet Ethio Negari.

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International Gas News

Egypt Awards Six New Gas Exploration Blocks to Boost Sector Investment

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new oil and gas exploration blocks to a group of international energy companies, marking a strategic push to attract more foreign investment into the country’s natural gas sector. The awarded areas include four offshore blocks in the Mediterranean Sea, offered through the 2024 international bid round via the Egypt Upstream Gateway (EUG), and two onshore blocks located in the Nile Delta and North Sinai. These

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