Vital Industry News
Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations Ronnie VanderLinden Appointed President of World Diamond Council Kenya Set to Begin Commercial Oil Production From South Lokichar Fields Ghana Signs New Gas Expansion Deal With Eni and Vitol to Strengthen Energy Security Angola’s Cabinda Refinery Begins Fuel Supply as Country Expands Energy Security Strategy DRC Weighs Stake in $270M Zambia Power Link to Ease Mining Energy Shortages ADES Secures $92.7M Offshore Drilling Contract in Nigeria, Expands West Africa Footprint Luau Solar Park Strengthens Angola’s Energy Future and Lobito Corridor Development Angola Accelerates Renewable Energy Transition with Luau Solar Park
Diamonds Corporate News International

Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine

Corporate News Diamonds International

Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations

Diamonds International Mining Personality

Ronnie VanderLinden Appointed President of World Diamond Council

More Angolan Mining News

Diamonds Corporate News International

Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine

Lucara Diamond Strengthens Balance Sheet as Karowe Underground Project Advances Toward 2028 Production Lucara Diamond…
Corporate News Diamonds International

Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations

Petra Diamonds Reviews Capex and Considers Finsch Mine Suspension Amid Weak Diamond Prices and Rising…
Diamonds International Mining Personality

Ronnie VanderLinden Appointed President of World Diamond Council

World Diamond Council Names Ronnie VanderLinden President Amid Natural Diamond Industry Challenges Ronnie VanderLinden has…
International News Oil

Kenya Set to Begin Commercial Oil Production From South Lokichar Fields

Kenya to Launch Commercial Oil Production in Turkana as East Africa Expands Energy Ambitions Kenya…
International Gas News

Ghana Signs New Gas Expansion Deal With Eni and Vitol to Strengthen Energy Security

Ghana Partners Eni, Vitol and GNPC to Boost Domestic Gas Production by 2028 Ghana has…
Corporate News Local Oil

Angola’s Cabinda Refinery Begins Fuel Supply as Country Expands Energy Security Strategy

Angola’s New Cabinda Refinery Starts Fuel Production, Reducing Dependence on Imports Angola’s newly commissioned Cabinda…
Corporate News Local Oil

Angola’s $6.6bn Lobito Refinery Faces Financing Delays Amid Investor Uncertainty

Angola struggles to secure funding for $6.6 billion Lobito refinery as investor negotiations slow and regional participation remains unclear Angola’s planned $6.6 billion Lobito refinery is facing renewed financing uncertainty as discussions with regional and international investors progress more slowly than expected, raising concerns over the timeline for securing full financial closure. State-owned oil company Sonangol has said it has received no formal communication from Botswana regarding reported interest in acquiring a stake in the

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Corporate News International Oil Petroleum

Trafigura Signs $1bn Oil-Backed Financing Deal with Gabon to Boost Liquidity

Gabon secures $1 billion oil-backed financing from Trafigura in seven-year crude supply deal to strengthen public finances and investment spending Global commodities trader Trafigura has signed a $1 billion oil-backed financing agreement with the government of Gabon, providing upfront liquidity in exchange for future crude oil deliveries over a seven-year period. Announced on Wednesday, the arrangement will see Trafigura extend prepayment financing to the Gabonese state while acting as the exclusive buyer of the country’s

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International Diamonds Economy Mining Oil Partnerships

Botswana Deepens Economic Diversification with New Mining, Energy and Infrastructure Deals with Oman

Botswana signs strategic mineral, oil, and renewable energy agreements with Oman to diversify economy beyond diamonds Botswana has signed a series of agreements with Oman aimed at strengthening cooperation in mineral exploration, oil storage infrastructure, and renewable energy development, as the country accelerates efforts to diversify its economy beyond diamonds. The agreements were concluded during a state visit to Oman by President Duma Boko, where he held talks with Sultan Haitham bin Tariq. According to

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Transport and Logistics Local News

Sacomar Terminal Resumes Operations After Three-Year Closure

Angola’s Namibe Port Reopens Sacomar Terminal, Handles 26,420 Tons of Pig Iron for Export to Asia The Sacomar Mineral Terminal at the Port of Namibe has resumed operations after more than three years of closure, receiving a cargo vessel from China carrying 26,420 tons of pig iron destined for the Asian market. According to a statement from the Port of Namibe, the terminal’s reopening follows the construction of a new pier, inaugurated in October 2025.

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Local Gas Mining Projects News Oil

Diamantino Leads Strategic Energy and Mining Investment Mission to China

Angolan Minister Diamantino Azevedo Visits China to Secure Oil, Gas and Mining Investments and Advance Strategic Energy Projects Diamantino Azevedo has begun a working visit to China aimed at strengthening strategic cooperation and attracting new investment into Angola’s energy and mining sectors. According to a statement sent to ANGOP, the minister met on Monday (13) with Zhou Haibing, where both sides discussed ways to deepen economic cooperation in oil, gas, and mineral resources. The two

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International Corporate News Oil

TotalEnergies Announces New Offshore Hydrocarbon Discovery in Republic of Congo

TotalEnergies Reports Major Offshore Oil Discovery in Republic of Congo, Estimating Over 100 Million Barrels of Recoverable Resources TotalEnergies has announced the discovery of hydrocarbons in the Republic of the Congo as part of its ongoing drilling campaign to expand the Moho offshore field, a key deepwater production hub in the country. The company reported that drilling activities identified a hydrocarbon column of approximately 160 metres, indicating significant resource potential in the area. Based on

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Diamonds Corporate News International

Botswana Seeks Strategic Deals with Oman as It Pursues Greater Control of De Beers

President Duma Boko Travels to Oman to Secure Resource Partnerships and Financing for Potential De Beers Stake Expansion Botswana President Duma Boko is travelling to Oman to sign cooperation agreements covering natural resources and energy, as his administration works to strengthen the country’s position in leading diamond producer De Beers Group. Boko is scheduled to hold talks through Tuesday with Haitham bin Tariq, according to a statement issued by the president’s office on Sunday. The

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Local Transport and Logistics

Flooding Disrupts Rail Traffic on Lobito Corridor, Halting Key Mineral Export Route

Severe Floods in Angola Suspend Lobito Corridor Rail Operations, Threatening Copper and Cobalt Exports from Central Africa Severe flooding in western Angola has forced the suspension of rail traffic along the Lobito Corridor, disrupting a critical export route for minerals from the region’s mining sector. The line operator, Lobito Atlantic Railway, reported that “significant damage” was sustained to railway infrastructure near the Halo River between Cubal and Caimbambo, approximately 140 kilometres southeast of the coastal

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Diamonds Economy Local News

Angola Diamond Production Rises 8% in 2025 as UAE Dominates Export Market

Angola Produces 15.19 Million Carats of Diamonds in 2025, with UAE Accounting for Nearly 80% of Exports Angola increased its rough diamond production by 8% year-on-year to 15.19 million carats in 2025, exceeding the national target of 14.8 million carats, a senior government official said on Tuesday. The United Arab Emirates accounted for nearly 80% of the country’s diamond exports during the year. According to government data, the United Arab Emirates represented 78.6% of Angola’s

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International News Oil Petroleum

Zambia Launches US$1.1 Billion Oil Refinery Project to Boost Energy Security

Zambia Launches US$1.1 Billion Crude Oil Refinery Project in Ndola to Boost Energy Security and Industrial Growth The Zambian Government has officially launched the construction of a US$1.1 billion crude oil refinery in Ndola, marking a significant milestone in efforts to strengthen the country’s energy security and accelerate industrial development. Speaking at the ground-breaking ceremony, Minister of Energy Makozo Chikote said the project is being driven by the private sector through Fujian Xiang Xin Corporation

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