Diamond miner Lucapa Diamond Company has reported a 90% increase in its diamond resource carats at its Lulo operation, in Angola, on the back of an independent valuation. Advertisements
A deadly mine collapse in Angola has left at least 30 people dead.
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The diamond sector in Angola will be reorganised in a similar way to the oil sector, with the privatisation of state-owned companies and the creation of a regulatory entity, said the Minister of Mineral Resources and Oil.
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Angola’s National Oil and Gas Agency (ANPG) is expected to auction 55 onshore and offshore oil blocks this year, the minister of Mineral Resources and Oil announced on Friday in Luanda.
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Angola’s oil output rose by 22 million barrels per day (bpd) in February to 1.457 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC).
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Norwegian seismic services provider PGS, in cooperation with Angolan state-owned oil company Sonangol, is acquiring a new survey over the shallow-water shelf area of the Kwanza Basin off Angola.
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Angola’s national oil company Sonangol will maintain keep its shareholdings in Portugal’s Galp Energia group, the Angolan President said in an interview with Portuguese TV station RTP.
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Angola’s oil production fell to 1.478 million barrels per day (bpd) in 2018, from 1.632 million bpd the year before, due mainly to ageing oil fields, figures from state oil company Sonangol showed on Monday.
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The Luanda Refinery will increase production to 1,200 tonnes by the end of 2021, quadrupling its current production of 300 tons, Sonaref president Joaquim de Sousa Fernandes said on Monday in Luanda.
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Diamond miner Lucapa Diamond Company (ASX: LOM) has unearthed a massive 128-carat diamond from its flagship Lulo alluvial mine in Angola, making it the twelfth sparkler measuring over 100ct recovered from the field to date.
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