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Angola
15 April 2020

OPEC Deal Adds to Angola´s Woes

The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries (OPEC+) means Angola should cut oil production to around 1.1 million barrels per day. And the announcement has not sustained oil prices in the international markets.
01 April 2020

Covid-19 Halts Angola’s Main Diamond Mine and New Soyo Oil Refinery Tender

Sociedade Mineira de Catoca has laid off most of its workers and suspended work at its new concessions, as part of measures to prevent the spread of the new coronavirus. For the same reason, the Ministry of Mineral Resources and Oil postponed the selection of the proposal in the international public tender for the construction of an oil refinery in Soyo, Zaire province.
26 March 2020

Pick-up in Chinese demand keeps Angolan rare earths mining project on track

After having confirmed an investment by the Angolan Sovereign Wealth Fund, Pensana Rare Earths, the main investor, says a recent pick-up in Chinese demand ensure the project will not lose momentum.
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