Niger and Mali Forge Diesel Supply Pact for Energy Security

Niger and Mali have entered into a landmark agreement aimed at bolstering Mali’s energy security through the provision of affordable diesel. Under the deal, Niger will supply 150 million liters of diesel to Mali’s state energy firm, Énergie du Mali, at a significant discount. The agreement underscores Niger’s commitment to supporting Mali’s energy needs and ensuring stable and reliable electricity production, which is crucial for Mali’s socio-economic development. This partnership is part of broader efforts

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Invictus Energy Partners with Himoinsa and Dallaglio for Gas-to-Power Project in Zimbabwe

Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd. The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe. Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. The electricity generated from

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Rhino Resources Awards Halliburton Contract for Offshore Namibia Project

Exploration firm Rhino Resources has awarded a contract to energy services company Halliburton for its deep-water multi-well construction project offshore Namibia, announced during the Namibia International Energy Conference (NIEC) 2024. Halliburton will provide solutions for the construction of exploration and appraisal wells in Block 2914A starting from Q4 – 2024. Additionally, Rhino Resources will utilize Halliburton’s well and prospect testing services as part of the contract. According to Travis Smithard, CEO of Rhino Resources, the

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BHP Makes $38.8 Billion Bid for Anglo American

BHP with a market valuation of $149B made a $38.8B bid for Anglo American. Anglo’s shares jumped 12% early yesterday to a market valuation of $41B following the bid. In a statement Anglo American confirmed that “it is has received an unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited (“BHP”).” And that “there can be no certainty that any offer will be made nor as to the terms on which any such

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De Beers to Relocate Auction Headquarters to Gaborone, Botswana

De Beers announced its decision to move its auction headquarters from Singapore to Gaborone, Botswana, as part of the diamond miner’s cost-cutting initiatives. The relocation aims to streamline operations and improve efficiency while supporting the development of Botswana’s diamond sector. De Beers Group Auctions, responsible for around 10% of the company’s rough-diamond sales, will temporarily pause operations and sales events during the transition period, which is expected to take place over the coming months. Consolidating

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Kenya: GDC Targets 218 MW Boost to National Grid Capacity

Kenya’s state-owned Geothermal Development Company (GDC) aims to bolster the country’s national grid with an additional 218 MW by 2027, as outlined in its recently released Strategic Plan 2023-2027. The GDC aims to develop six steam fields — Paka, Silali, Korosi-Chepchuk, Suswa, Menegai Caldera and Menengai West — and drill 57 wells. The resource development plan will require an estimated budget of KSh102.2 billion (approximately $802 million). “Today, GDC has harnessed a total of 560 MW of

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Burkina Faso Gets $48M Boost for Donsin Solar Plant

Burkina Faso has received a US$48 million boost from the Export-Import Bank of China to aid in the development of the Donsin solar power plant project and its accompanying electricity storage system. The project involves the construction of a 25 MW solar power plant at the Donsin airport site, located in the council of Loumbila in central Burkina Faso. Additionally, a 5 MW/20 MWh battery electricity storage system will be installed. This initiative underscores Burkina

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GameChange Solar Snags 500 MW in Southern Africa

GameChange Solar to Power Southern Africa with 500 MW Solar Projects Using Genius TrackerTM Technology”. These projects are strategically positioned to enhance energy supply across the region, supporting the diversification of the energy mix to help ensure a stable electricity supply, including critical mining operations. Three of the projects are in South Africa, including a Risk Mitigation Independent Power Producer Programme (RMIPPP) project in the Northern Cape and two private sector projects to supply electricity for

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Mauritania’s Steel Industry Fueled by Green Hydrogen

Mauritania has unveiled ambitious plans for large-scale projects aimed at producing 12.5 million tons of green hydrogen annually by 2035 and capturing up to 1.5% of the global hydrogen market and up to 1% of the global green steel market by 2050. EU Commission President Ursula von der Leyen highlighted the importance of green hydrogen in this process during a meeting with President Ghazouani earlier this year, stating, “The technology works, but the production of green steel

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Sintana Energy Expands Presence in Namibia’s Orange Basin

Canadian oil and gas company Sintana Energy has inked a deal with Namibian energy firm Crown Energy to acquire a 67% stake in its subsidiary, Giraffe Energy, further solidifying its foothold in the lucrative Orange Basin. The agreement grants Sintana Energy access to Giraffe Energy’s 33% interest in the Petroleum Exploration License (PEL) 79, situated within the exploration blocks 2815 and 2915. Notably, PEL 79 is strategically positioned adjacent to the Mopane light-oil discoveries recently

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