Vital Industry News
Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor DRC to Overhaul Petroleum Code in Bid to Attract Global Investors Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth
Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor DRC to Overhaul Petroleum Code in Bid to Attract Global Investors Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth
Local Mining Projects News

Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project

Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Corporate News Diamonds International

De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil

More Angolan Mining News

Local Mining Projects News

Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project

Pensana, a London-listed rare earths developer, has confirmed the terms and timeline for the first…
Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint…
Corporate News Diamonds International

De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil

De Beers has quietly begun selling rough diamonds at steep discounts to a select group…
International News Renewable Energy

Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development

In a major step toward sustainable development, Ethiopia has attracted $1.75 billion in investments from…
Transport and Logistics Local News

U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor

The United States has announced the mobilization of nearly $6 billion to support the development…
International News Oil Petroleum

DRC to Overhaul Petroleum Code in Bid to Attract Global Investors

In an interview with Jeune Afrique, Democratic Republic of Congo’s Minister of Hydrocarbons, Aimé Sakombi…
International News Renewable Energy

Engie Energy Access Connects 220,000 Mozambican Households to Solar Power

Engie Energy Access has successfully connected over 220,000 families in Mozambique to solar energy through a project valued at more than €18.3 million, the company announced on Thursday. This initiative has provided solar power to over 1.2 million people across ten of Mozambique’s eleven provinces. The company, which started operations in 2019, is the sole renewable energy provider in Mozambique offering comprehensive off-grid solutions, including solar home systems and mini-grids. To strengthen its presence, Engie

Loading

Read More Here

International Gas News

IMF Predicts Restart of TotalEnergies’ Cabo Delgado LNG Project in 2024

The International Monetary Fund (IMF) projects that TotalEnergies’ massive liquefied natural gas (LNG) project in Cabo Delgado, northern Mozambique, will resume development in 2024, with first exports anticipated within four years. According to the IMF’s recent report on the fourth review of the Extended Credit Facility (ECF) program, the onshore LNG project led by TotalEnergies is slated to restart next year. The report, released this month, notes that while the official resumption of the development

Loading

Read More Here

International Oil

Rwanda-Backed Security Firm Hired for TotalEnergies’ Mozambique Gas Project Amid Controversy

A security firm linked to Rwanda’s ruling party has been contracted to safeguard TotalEnergies’ $20 billion liquefied natural gas (LNG) project in Mozambique, marking a significant expansion of Rwanda’s commercial interests in the region. According to The Financial Times, Isco Segurança—a joint venture between Rwanda’s Isco Global Limited and a local Mozambican company—is providing unarmed security services for the project in Cabo Delgado province. This development follows an Islamist insurgency attack in Palma in 2021,

Loading

Read More Here

Diamonds Economy International News

Botswana’s Mineral Sector Faces Slower Growth in 2024 Due to Decline in Diamond Production

Botswana’s mineral sector is expected to experience slower growth in 2024 compared to the previous year, primarily due to a decline in diamond production. On July 13, the International Monetary Fund (IMF) revised Botswana’s growth forecast for 2024 from 3.6% to 1%, as reported by Mines.cd. This decline is anticipated to lead to a budget deficit increase from 3.45% to 6%, attributed to reduced revenue from mineral resources. In response to these challenges, the IMF

Loading

Read More Here

International Energy News

Russia and Congo Sign Landmark Nuclear Cooperation Agreement

Russia and Congo-Brazzaville have signed a landmark agreement to cooperate in hydropower and peaceful nuclear energy, announced Russian nuclear company Rosatom. This agreement is part of Rosatom’s broader strategy to expand its nuclear activities across Africa. During a business visit to Congo, Nikolay Spassky, Rosatom’s Deputy General Director and Head of the International Activities Department, met with Emile Ousso, the Minister of Energy and Hydraulics, to finalize the agreements. The deal includes memoranda of understanding

Loading

Read More Here

International News Oil

Egypt to Invest $1.2 Billion to Boost Oil Production Capacity

Egypt plans to significantly enhance its oil production capacity through a substantial investment. The government has announced a $1.2 billion investment aimed at increasing its oil output. Currently, Egypt is one of Africa’s largest oil producers with a capacity of approximately 559,000 barrels per day. The investment, slated for the 2024/2025 fiscal year, will fund the drilling of 110 exploratory wells. This initiative is part of a larger strategy to invest $7.2 billion in drilling

Loading

Read More Here

Diamonds International News

Anglo American Contemplates Further Diamond Production Cuts Amid Market Challenges

Anglo American (LON: AAL) announced last week that it is considering additional cuts to diamond production due to ongoing market challenges, complicating its plans to sell its De Beers unit as part of a significant business overhaul. The restructuring plan was announced in May following the successful rebuttal of a $49 billion takeover approach from BHP (ASX: BHP), the world’s largest miner. The plan includes the sale or divestment of its 85% stake in De

Loading

Read More Here

Energy

Nigeria’s Oil Losses Highlighted at NEITI Board Retreat

During the opening ceremony of the 2024 NEITI board retreat in Lagos, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji, unveiled alarming statistics revealing significant losses in Nigeria’s oil sector. According to NEITI, Nigeria lost 619.7 million barrels of oil valued at $46.16 billion over a 12-year period from 2009 to 2020. Additionally, between 2009 and 2018, the country lost $1.84 billion worth of petroleum products from its refineries, equivalent

Loading

Read More Here

International

Chappal Energies Acquires TotalEnergies’ Stake in Nigerian Onshore Oil Venture

Mauritius-based Chappal Energies has recently acquired TotalEnergies’ minority share in a significant onshore oil joint venture in Nigeria. This transaction includes ownership interests in 15 licenses, primarily oil-producing, with a combined output of 14,000 barrels of oil equivalent per day in 2023. The decision to divest was driven by costly repairs stemming from challenges in Nigeria’s oil sector, prompting TotalEnergies to streamline its operations. TotalEnergies had previously signaled its intent to sell its 10% stake

Loading

Read More Here

Diamonds News

Turmoil and Legal Battles Threaten Namibia’s Elizabeth Bay Diamond Mine

Namibia’s historic Elizabeth Bay Mine, surviving through wars and economic downturns since the early 1900s, faces new challenges amid ownership disputes between local entity Sperrgebiet Diamond Mining and Zimbabwean investor RioZim. Initially commissioned by Deutsche Kolonialgesellschaft Sudwestafrika in 1909, the mine has seen multiple operational halts, most recently in 2018 when Namdeb Holdings ceased operations due to strategic misalignment. Acquired by Lewcor Group in 2020, hopes were high for its revival, but financial woes and

Loading

Read More Here

1 … 89 90 91 92 93 … 307
en English pt Portuguese

You have successfully subscribed to the AMG Weekly newsletter

There was an error while trying to send your request. Please try again.

Angolan Mining Oil & Gas will use the information you provide on this form to be in touch with you and to provide updates and marketing.