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…
Diamonds International News

GIA Highlights the World’s Most Iconic Diamonds on World Diamond Day

World Diamond Day 2026: GIA Reveals History and Science Behind Legendary Diamonds In honor of World Diamond Day on April 8, the Gemological Institute of America (GIA) has showcased some of the world’s most famous and fascinating diamonds it has examined over the decades. Since its founding in 1931, GIA has become the global authority in gemology, assessing over four million diamonds annually and uncovering the science, history, and rarity behind stones that have captivated

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International Corporate News Oil

ExxonMobil Nears $10 Billion Investment in Nigeria’s Deepwater Oil Projects

ExxonMobil plans $10B investment in Nigerian deepwater oil to boost production to 180,000 bpd ExxonMobil is moving closer to a $10 billion investment decision in Nigeria, Africa’s largest oil producer, aiming to expand its deepwater oil production in the country to 180,000 barrels per day (bpd). The company first announced the plan in September 2024 following a meeting in New York between its executives and Nigeria’s Vice President Kashim Shettima. The initial phase focuses on

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International News Oil

Middle East Oil Crisis Strains African Economies, Raising Inflation and Food Security Risks

Middle East conflict pushes global oil prices higher, threatening African currencies, debt, and food security A surge in global oil prices driven by the ongoing Middle East conflict is intensifying pressure on African economies, weakening currencies, raising debt costs, and fueling fears of a broader cost-of-living crisis. A joint report by the African Union, the African Development Bank, and the United Nations Development Programme highlights that at least 29 African currencies have depreciated since late

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Local Economy Gold News

Angola to Launch First Gold Refinery as Part of Economic Diversification Strategy

Angola opens first gold refinery in 2026 to boost mining value, reduce reliance on oil and diamonds Angola, Africa’s second-largest oil producer, is set to operate its first gold refinery in the first half of 2026, signaling a push to diversify its economy and extract more value from mineral resources. The refinery, located in Viana near Luanda, has a processing capacity of approximately 20 kilograms per day. Construction and equipment installation have been completed, with

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International Economy Gold

BRICS Plus Nations Expand Gold Reserves as Central Banks Accelerate Shift Away from Dollar

BRICS Plus gold reserves surpass 6,000 tonnes as central banks boost purchases and dollar share declines Members of the BRICS Plus trade bloc now hold more than 6,000 tonnes (t) of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, according to a market note by financial services group EBC Financial Group. Russia leads the bloc with 2,336 t of gold reserves, followed closely by China with 2,298 t,

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Local Energy Gas Oil

Angola’s Energy Sector Rebounds in 2026 as $100 Billion Investment Pipeline Signals New Growth Cycle

Angola’s Energy Sector Enters New Growth Cycle as $100 Billion Investment Pipeline Takes Shape Angola has entered 2026 with a fundamentally reshaped energy investment proposition, driven by regulatory reforms, new infrastructure projects, and a strategic shift following its departure from the Organization of the Petroleum Exporting Countries in January 2024. The decision to exit the producer alliance removed production quotas that had capped output at roughly 1.11 million barrels per day, allowing operators to pursue

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Local Mining Technology & Innovation

Angola Establishes Technical Commission to Advance Digital Mining Licensing System

Angola Launches Digital Mining Registry to Streamline Licensing, Boost Transparency, and Attract Investment Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, has appointed a Multidisciplinary Technical Commission to oversee the digitisation of the licensing process for mining activities in the country, marking a major step toward modernising the sector’s regulatory framework. The initiative includes the implementation of the Angola Digital Mining Registry System (CMA), designed to support Objective 37.1 of Angola’s National Development

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International News Oil

Somalia Launches First Offshore Oil Drilling Campaign in Historic Energy Sector Milestone

Somalia Begins First Offshore Oil Drilling as Türkiye Deploys Deepwater Vessel to Unlock Potential Billion-Barrel Reserves Somalia is set to begin its first-ever offshore oil drilling campaign, marking a significant step in its long-delayed entry into the global energy market as the country seeks to unlock billions of barrels in potential hydrocarbon reserves. The East African nation has confirmed that a Turkish government-owned drilling vessel will arrive off its coast on Friday to commence deepwater

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International Gas News

Kenya Turns to Mozambique for Long-Term Gas Supply to Strengthen Energy Security

Kenya Seeks Long-Term Gas Imports from Mozambique as Rising Demand and Global Conflicts Disrupt Supply President William Ruto has announced plans for Kenya to secure long-term natural gas imports from Mozambique, as the country moves to stabilize energy supply and reduce reliance on distant markets affected by geopolitical tensions. The announcement followed a meeting at State House in Nairobi between President Ruto and Daniel Chapo, President of Mozambique, who is on a three-day state visit

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International Gas News

Algeria to Launch New Oil and Gas Licensing Round Offering Seven Exploration Blocks

Algeria Opens Seven Oil and Gas Blocks to Investors in New Licensing Round Starting April 19 The government of Algeria will launch a new international oil and gas licensing round on April 19, offering seven exploration blocks to energy companies as part of efforts to attract investment and expand activity in its upstream sector. The announcement was made by the National Agency for the Valorisation of Hydrocarbon Resources, the country’s official oil and gas licensing

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