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Mining Projects Local News

Angola to Begin Copper Output at Mavoio Mine in September

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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

27, June, 202527, June, 2025

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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Corporate News Gas International

Perenco Invests $200 Million in New Offshore Platform to Boost Congo’s Energy Output

26, June, 202526, June, 2025

Independent oil company Perenco has committed $200 million to the construction of a new offshore gas platform, Kombi 2, located within the Kombi-Likalala-Libondo II (KLL II) permit area. Currently under construction at the Nieuwdorp shipyard in the Netherlands by engineering services firm Dixstone, the Kombi 2 platform is expected to produce approximately 7 million cubic feet of natural gas per day. The platform is scheduled to depart for Congo in October 2025 and is projected

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