Angolan Mining Oil & Gas - Page 77 of 389 - Top Angolan News for Oil, Gas and Mining Industries

International Gold Oil

Bank of Ghana Ends Gold for Oil Programme After GH¢2.1 Billion Loss

9, June, 20259, June, 2025

The Bank of Ghana (BoG) has announced the termination of its Gold for Oil (G4O) initiative after incurring cumulative losses of GH¢2.137 billion since the programme’s launch in January 2023. The central bank recorded a GH¢317 million loss in 2023 and a staggering GH¢1.82 billion in 2024. According to the BoG, it committed approximately GH¢4.69 billion to the initiative, effectively losing 45% of its investment. The programme was officially discontinued on March 13, 2025, with

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International Corporate News Oil

Petrobras Targets Africa as Key International Growth Frontier

9, June, 20259, June, 2025

Petrobras, Brazil’s state-controlled oil giant, has set its sights on Africa as its main growth market outside of Brazil, according to CEO Magda Chambriard. In an interview with Reuters, Chambriard disclosed that Ivory Coast has granted Petrobras preferential rights to acquire nine offshore exploration blocks in deep and ultra-deep waters. Additionally, Nigeria, Angola, and Namibia have all expressed interest in partnering with the Brazilian company. “We are experts in the eastern margin of Brazil,” Chambriard

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Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

8, June, 20258, June, 2025

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds in the Democratic Republic of Congo during the first quarter of 2025, accounting for 97% of the country’s total output. According to statistics released by the Technical Unit for Coordination and Mining Programming (CTCPM), a department under the Ministry of Mines, SACIM produced 334,505.81 carats out of a national total of 344,049.44 carats between January and March 2025. The remaining

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Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

4, June, 20254, June, 2025

Angola’s Secretary of State for Energy, Arlindo Bota Manuel Carlos, has reaffirmed the country’s commitment to expanding oil exploration while also accelerating the transition to cleaner energy sources. Speaking to Lusa on the sidelines of the 2nd CPLP Energy Conference in Estoril, Portugal, Carlos said Angola values the support of Portugal and Brazil in the development of energy projects. “Oil exploration should not be seen as a threat. We will not abandon the use of

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Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

3, June, 20253, June, 2025

Botswana President Duma Boko has announced the planned termination of over 1,000 workers at Debswana, the country’s joint venture with diamond giant De Beers, citing the ongoing global downturn in the diamond market. Speaking recently to civil servants, Boko attributed the decision to declining demand and sustained economic pressure across the diamond industry. However, the Botswana Mine Workers Union (BMWU) strongly condemned the announcement, criticizing the government for bypassing proper consultation processes. In a formal

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Corporate News Diamonds Local

Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans

3, June, 20253, June, 2025

Lucapa Diamond Company has entered voluntary administration as it seeks to restructure its capital and explore a potential sale of the business. The company announced on Friday that administrators from advisory firm KordaMentha will conduct an urgent assessment of Lucapa’s operations and assets, which include Brooking Diamonds, Heartland Diamonds, and Australian Natural Diamonds. Lucapa’s portfolio spans both Africa and Australia, with key assets such as the Lulo mine in Angola, the Merlin project in Australia—previously

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International News Oil

Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration

3, June, 20253, June, 2025

Uganda has once again delayed the start of oil production from the Albertine Graben, now setting a new target for June 2026. This marks yet another postponement in the country’s two-decade-long pursuit to become a commercial oil producer, after previously aiming for first oil by June 2025. The updated timeline was announced by Frank Mugisha, Assistant Commissioner at the Ministry of Energy and Mineral Development, who spoke on behalf of Minister Ruth Nankabirwa during the

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International News Oil

South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency

3, June, 20253, June, 2025

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned energy enterprise formed through the consolidation of three entities—PetroSA, iGas, and the Strategic Fuel Fund. All were previously part of the Central Energy Fund. The move is aimed at creating a financially sustainable national oil and gas leader. SANPC, led by CEO Godfrey Moagi and chaired by former PetroSA CEO Sipho Mkhize, began operations in May 2025. The new company

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Corporate News International Renewable Energy

AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal

3, June, 20253, June, 2025

AXIAN Energy has commenced construction of the NEA Kolda project, a large-scale solar and battery storage facility aimed at advancing Senegal’s renewable energy objectives. Launched on May 22 in the southern Kolda region, the hybrid plant will generate 60 megawatts of solar power and store up to 72 megawatt-hours of energy. Once operational, it is expected to supply clean electricity to more than 25,000 households, benefiting nearly 235,000 people. AXIAN positions the project as part

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International Renewable Energy

Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals

3, June, 20253, June, 2025

Egypt has completed the construction of the 500-megawatt Kom Ombo solar power plant, now the country’s largest solar photovoltaic facility. Developed by China Energy Construction, the plant is located in the Aswan Governorate and represents a major step toward achieving Egypt’s Vision 2030 for clean and sustainable energy. The Kom Ombo plant features a direct current installed capacity of 560 megawatts, incorporating over one million solar panels and a 220-kilovolt booster station to enhance transmission

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