Luele Diamond Mine Produces 1.8 Million Carats in First Half of the Year | 13-08-2024

Your top source of news, tenders and project updates for the Angolan Mining, Oil and Gas industries.

Angola’s Diamond Sector Strives for Recovery Despite Production Hurdles

The diamond sector in Angola anticipates recovering a deficit of nearly 1.4 million carats in the second half of the year, aiming to meet the annual production target of 14.6 million carats by year-end. Miguel Vemba, Director of Endiama’s Mining Operations and Holdings Management shared these insights during the Semiannual Diamond Production Balance Workshop held from July 7-8 in Lunda-Norte…Read the full article

Sonangol and Tosyali Forge Partnership to Propel Kassinga Iron and Steel Project Forward

Sonangol and the Tosyali Group reached an agreement on Monday to enhance the strategic Kassinga iron and steel project. The agreement, finalized during the Angolan Minister of Mineral Resources, Oil, and Gas’s visit to Turkey, includes integrating Angola’s national oil company, Sonangol, into the new corporate structure of Tosyali Iron & Steel Angola SA. Fuat Tosyali, President of the Turkish hold...Read the full article

Luele Diamond Mine Achieves 1.8 Million Carats in First Half-Year Production

Sociedade Mineira do Luele in Lunda-Norte achieved a production milestone of 1.8 million carats in the first half of this year, securing the administration’s confidence and maintaining over 1,800 jobs. The president of the company’s Board of Directors, Rómulo Mucase, shared this information in Dundo, noting that the production figures represent 94% of the projected 1.9 million carats for the...Read the full article

Kwame Oil & Gas Set to Open New Operational Hubs in Luanda

Kwame Oil & Gas, a company in the oil sector, announced the upcoming launch of two operational bases in Luanda for metal structure repairs and oil tank cleaning, with a total investment of $150,000. According to Aurélio dos Santos, the company’s general director, the new facilities are in the Mundo neighborhood of Benfica and are set to begin operations in September...Read the full article?

?The Best of the Industry’s News this Week

• Angola Boasts Low Electricity Prices Despite Access Challenges
• Benguela Railway to Restore Regular Train Services by November 2024
• Endiama Intervenes to Stabilize Angola’s Struggling Diamond Mines
• TotalEnergies Extends Contract for Deepsea Mira Operations in West Africa
• Ghana Unveils first Gold Refinery to curb Smugglind and add Value
• Nigerian Refineries Increase Crude Demand Amid Supply Challenges
• Mozambique Exports 4.48 Million Tonnes of LNG
• Egypt Expands Hydroelectric Projects to Boost Clean Energy Production
• Dangote Refinery Set to Disrupt Europe’s Oil Industry, OPEC Reports
• Tragic Mine Collapse in Sudan Claims 15 Lives Amid Torrential Rains?

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