Angolan Mining Oil & Gas - Page 95 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Local Economy News Oil

Angola’s Oil Prices Hold Steady Amid Global Market Fluctuations and Economic Concerns

2, April, 20252, April, 2025

Luanda – On Monday, Brent crude oil opened trading at USD 72.87 per barrel on the international market, marking a 0.5% decline compared to the previous session on Sunday. Crude oil futures for delivery in April closed on Sunday at USD 72.86 per barrel, with a minimum price of USD 72.72 and a maximum of USD 72.96, according to the specialized website “investing.com.” Last week, oil prices experienced a dip due to concerns that ongoing

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Transport and Logistics Local News

U.S. Reaffirms Commitment to Lobito Corridor Investments

2, April, 20252, April, 2025

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S. government’s commitment to supporting the

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Local Expos & Events

Angola Prepares for the 2025 U.S.-Africa Summit

2, April, 20252, April, 2025

Angolan authorities are meeting today to discuss preparations for the United States-Africa Summit 2025. The objective is to strengthen collaboration among stakeholders and establish guidelines for the event, which will be held in Angola. The Angolan Agency for Investment and Export Promotion (APIEX) is leading the initiative, bringing together over 120 key figures, including government officials, CEOs, and representatives from various NGOs, at a hotel in the nation’s capital. The program will begin at 4

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Gold International News

MetalsGrove Expands into Ivory Coast with Acquisition of Gold Permits

2, April, 20252, April, 2025

Australian mining company MetalsGrove has signed a Binding Term Sheet to acquire three gold exploration permits in Ivory Coast, marking its official entry into the country. The acquisition includes the Vavoua, Vavoua West, and Kounahiri West prospects. Under the agreement, MetalsGrove will secure an 80% stake in Vavoua and 90% stakes in Vavoua West and Kounahiri West. The permits cover a 950 km² area along the same geological trend as the 3.8-million-ounce Abujar Gold Mine,

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International Gas News

ONGC Videsh Commits ₹1,500 Crore to Revive Mozambique LNG Project

2, April, 20252, April, 2025

ONGC Videsh Ltd. (OVL), the international arm of India’s national oil company, has approved a ₹1,500 crore investment to accelerate the development of its joint venture in Mozambique’s offshore gas reserves. The funding will support the Mozambique Area 1 LNG project, a $20 billion initiative in which OVL holds a 10% stake. Despite previous delays due to security concerns, the project is set to move forward as TotalEnergies, the project operator, is expected to lift

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Renewable Energy International News

Cassava Technologies and Microsoft Launch Renewable Energy Training in South Africa

2, April, 20252, April, 2025

Pan-African technology company Cassava Technologies has partnered with Microsoft to launch a renewable energy training initiative in South Africa, aimed at equipping local communities with the skills needed to advance renewable energy solutions and support the country’s energy transition. As part of the initiative, training hubs will be established in Cape Town and Johannesburg, offering programs focused on renewable energy development, energy efficiency, and microgrids. The initiative will prioritize women and youth, helping them develop

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International Energy News

Botswana Seeks Relief as Power Crisis Deepens

2, April, 20252, April, 2025

Botswana government officials are set to meet with South Africa’s electricity ministry this week to address soaring power import costs, which have more than doubled, exacerbating the country’s ongoing energy crisis. Frequent breakdowns at Botswana’s 600 MW Morupule B power plant have led to blackouts lasting up to four hours. To cover the shortfall, Eskom Holdings SOC Ltd., South Africa’s state-owned power company, has been supplying electricity. However, Botswana’s Energy Minister, Bogolo Kenewendo, informed lawmakers

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Corporate News Diamonds International

Cobre Launches Deep Drilling at Kitlanya West in Botswana

1, April, 20251, April, 2025

Australian junior miner Cobre has commenced a diamond drilling program at the Kitlanya West project in Botswana, targeting copper-silver mineralization in partnership with diversified major BHP. The drilling campaign follows seismic surveys completed in 2024 and is part of Cobre’s recently announced earn-in joint venture with BHP. The program includes three deep drill holes, each exceeding 1 km, aimed at testing large anticlinal trap sites identified in seismic sections and providing insights into the deeper

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Corporate News Diamonds International

Lucara Takes Direct Control of Karowe Underground Expansion

1, April, 20251, April, 2025

Lucara Diamonds has ended its engineering, procurement, and construction management contract with JDS Energy & Mining (JDS) as of March 31, shifting to owner-managed operations for the Karowe underground expansion project (UGP) in Botswana. Announcing the transition on Monday, the Canada-based company stated that it had signed a master service agreement (MSA) with JDS to complete specific engineering components, while all site-based contracts and activities now fall under Lucara’s direct oversight. The move is expected

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Diamonds Local News

Angola’s Diamond Exports Generate $1.5 Billion in 2024

1, April, 20251, April, 2025

Angola earned $1.5 billion from the export of over 10 million carats of diamonds in 2024, according to Secretary of State for Mineral Resources, Jânio Victor. He shared these figures during a presentation on the country’s diamond production and commercialization performance for 2024, along with projections for the first half of 2025, held in Luanda on Friday. Victor confirmed that the United Arab Emirates and Belgium remained Angola’s primary export markets. “In 2024, the country

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