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International Gold News

Mali Begins Construction of Russia-Backed Gold Refinery to Assert Resource Sovereignty

19, June, 202519, June, 2025

Mali has officially begun construction of a new gold refinery backed by Russia, a move the country’s military leadership says will strengthen national control over its vast natural resources. The facility, which will have a refining capacity of 200 tons per year, is being built in partnership with Russia’s Yadran Group and a Swiss investment firm. The Malian government will maintain a controlling stake in the project. Speaking at the groundbreaking ceremony in Senou, near

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Economy Local News Transport and Logistics

Lobito Corridor Seen as Key Driver of Angola’s Economic Transformation

17, June, 202517, June, 2025

The Lobito Corridor is being regarded by members of the Benguela Business Alliance as a strategic route for the large-scale distribution of national production. This view was shared with Jornal de Angola by Adérito Areias, president of the Alliance. According to Areias, the infrastructure is expected to drive the country’s economic development by facilitating the movement of goods and promoting regional growth. “We must see the Lobito Corridor as a tool for development and take

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Oil Corporate News

Sonangol and MIT Sign Strategic Cooperation Agreements

17, June, 202517, June, 2025

Sonangol and the Massachusetts Institute of Technology (MIT) signed two strategic cooperation agreements: the MIT Industrial Liaison Program (MIT-ILP) and MIT-Africa, the latter of which includes the Global Classroom and Global Teaching Labs initiatives. The signing ceremony took place during an official visit by a high-level Angolan delegation, led by the Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and attended by senior executives, public sector managers, and officials from Angola’s energy and mining

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Local News Transport and Logistics

$15 Million in Environmental Funding Expected for Lobito Corridor by Year-End

17, June, 202517, June, 2025

A total of 15 million US dollars is expected to be made available by the end of this year to support environmental initiatives and projects along the Lobito Corridor, announced the Vice-Governor for the Technical and Infrastructure Sector on Monday in Cuito. According to José Fernando Tchatuvela, who shared the news during a meeting with a multi-sectoral delegation from the Angolan Government visiting Bié Province, the funding is part of a broader support initiative backed

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Corporate News International Oil

Eni Congo Launches Yasika Logistics Hub to Support LNG and Oil Operations

17, June, 202517, June, 2025

Energy giant Eni’s Congolese subsidiary has officially inaugurated the Yasika logistics platform, located at oilfield services company Saipem’s base in Pointe-Noire, Republic of Congo. Commissioned on June 11, the Yasika platform will serve as the central operational hub for Eni Congo’s onshore and offshore activities. It is designed to streamline the transit of equipment, materials, and personnel. The facility also plays a critical role in supporting the Congo LNG project. This includes the Tango FLNG

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Corporate News International Oil

Mozambican President and Eni CEO Discuss Major Energy and Sustainability Projects

17, June, 202517, June, 2025

On June 11, Mozambican President Daniel Francisco Chapo met with Claudio Descalzi, CEO of Eni, in Maputo to review ongoing and future collaborations in liquefied natural gas (LNG), agribusiness, and sustainability. The meeting celebrated the success of the Coral South Project, which, according to the International Monetary Fund, accounted for 50% of Mozambique’s GDP growth in 2023 and is projected to drive 70% of the country’s growth in 2024. Discussions also focused on the newly

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Oil International News

Russia and Republic of Congo Sign Landmark Oil Pipeline Agreement

17, June, 202517, June, 2025

Russian President Vladimir Putin has signed into law the ratification of a bilateral agreement with the Republic of Congo for the construction of a major oil pipeline linking Pointe-Noire, Loutété, Maloukou, and Trechot. The pipeline, which is expected to be completed within three years, is projected to operate for 30 to 40 years, significantly enhancing the region’s energy infrastructure. The agreement establishes a partnership between Russian construction firm Zakneftegazstroy-Prometey and Société Nationale des Pétroles du

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Corporate News Local Oil

ExxonMobil and Partners Secure PSC Extension for Angola’s Offshore Block 17

17, June, 202517, June, 2025

Energy giant ExxonMobil and its consortium partners have signed a production sharing contract (PSC) extension for Block 17, a key offshore oil asset in Angola. The renewed agreement includes TotalEnergies, Equinor, Azule Energy—a 50/50 joint venture between bp and Eni—and Angola’s state-owned oil company, Sonangol. “As a partner, we have witnessed firsthand the significant contribution that Block 17 has made to Angola’s oil and gas industry,” said Katrina Fisher, President of ExxonMobil Angola. The extension

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Corporate News Diamonds International

Petra Diamonds Sees Decline in Rough Prices Amid Weaker Product Mix and Market Uncertainty

17, June, 202517, June, 2025

Petra Diamonds reported a decline in rough diamond prices at its latest combined tender, reflecting a shift toward smaller, lower-quality goods and ongoing challenges at its Cullinan mine in South Africa. The miner generated $53 million from the sale of 613,747 carats during its combined fifth and sixth trading sessions, which took place partially in April and concluded in June, the company announced Monday. While like-for-like prices rose 3% across most product categories compared to

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Corporate News Diamonds International

Debswana Turns to Global Markets to Fund $6 Billion Jwaneng Underground Mine

17, June, 202517, June, 2025

Botswana’s Debswana Diamond Company is seeking funding from international capital markets to finance its ambitious $6 billion Jwaneng underground expansion, as falling revenues challenge its ability to support large-scale capital projects. Speaking at a mining conference in Gaborone on Monday, Managing Director Andrew Motsomi said the company is pushing forward with plans to extend the life of its flagship Jwaneng Mine to 2054 by transitioning from open-pit to underground operations—despite a global slump in diamond

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