congo

Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’

Posted on September 20, 2023September 20, 2023 by Mozambique Resources Post

Courtesy of African Energy Chamber

DR Congo: Exim Bank India Finances DRC Solar

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

Congo: President-elect supports predecessor’s mining policies

Posted on March 5, 2019March 5, 2019 by Mozambique Resources Post

The Democratic Republic of Congo’s new President appeared to offer support to his predecessor’s defining mining policies, which are opposed by international investors active in the country.

Africa: Djeno discovery reported at TLP-103C well, offshore Congo

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

Anglo African Oil & Gas has reported that the TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered.

Africa Energy: South Africa to double power purchases from Congo hydro plant

Posted on January 25, 2019January 25, 2019 by Mozambique Resources Post

South Africa is mulling committing to doubling the amount of electricity it will buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo.

Africa Oil & Gas: AAOG hits more pay at Tilapia well off Congo

Posted on December 28, 2018December 28, 2018 by Mozambique Resources Post

Independent oil and gas company Anglo African Oil & Gas (AAOG) has encountered hydrocarbons at the second of three horizons targeted by its Tilapia well located offshore the Republic of the Congo.

Africa Mining: This one Congo project could supply the world with lithium

Posted on December 11, 2018December 11, 2018 by Mozambique Resources Post

AVZ Minerals’ Manono became the world’s largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year.

Africa Mining: Congo mining revenues jump 147% in first 9 months of 2018

Posted on December 6, 2018 by Mozambique Resources Post

Democratic Republic of Congo collected $1.21 billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4 percent over the same period last year, finance ministry data showed, quoted by Reuters news agency.

Africa Mining: Congo state miner blames foreign investors for underdevelopment

Posted on November 30, 2018 by Mozambique Resources Post

Democratic Republic of Congo’s state mining company blamed international investors and anti-corruption activists for the country’s lack of progress despite its vast mineral wealth.

Africa Energy: Congo sets deadline for plan on 11 000 MW hydropower plant

Posted on October 26, 2018October 26, 2018 by Mozambique Resources Post

The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant.

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