Angola - Copperbelt Katanga Mining

DRC and Angola Finally Reach Agreement on Oil Exploitation After 16 Years

July 18, 2023July 18, 2023 Constance

An agreement on the exploitation of oil, in the maritime zone of common interest (ZIC), was signed last Thursday, July 13 between the Democratic Republic of Congo and the Republic of Angola in Kinshasa, capital of the Democratic Republic of Congo. By signing this agreement 16 years after the Memorandum of Understanding of July 30, 2007, the two Ministers of Hydrocarbons Didier Budimbu and his counterpart from Angola Diamantino Pedro Azevedo have given concrete form to the will of two Heads of State of their respective countries. “My thanks go… Read More Here

Angola Mining in DRC Mining in Zambia Transport and Logistics

Angola, Zambia, and DRC to Export Minerals via Lobito Rail Corridor

July 17, 2023July 17, 2023 Constance

Minerals from the DRC and Zambia will now be exported via Angola’s Lobito rail corridor. Presidents Félix Tshisekedi (DRC), Hakainde Hichilema (Zambia) and João Lourenço (Angola) chaired the signing ceremony of an agreement for this purpose on Tuesday July 4th. “The full operationalization of this corridor will allow the opening up of the mines of Zambia and the DRC, as well as the access and the circulation of inputs essential to both the mining and agricultural industries”, indicated President Félix Antoine. Tshisekedi. The three Heads of State have conceded the operation… Read More Here

Angola Mining in DRC Oil & Gas Partnership

Angola and DRC Sign Historic Cooperation Agreement

July 13, 2023July 13, 2023 Constance

Angola and the Democratic Republic of Congo (DRC) have signed a significant cooperation agreement for the exploration, production, and development of hydrocarbons in the Common Interest Zone located on their maritime border. The historic deal was signed on July 13th in Kinshasa by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and DRC’s Minister of Hydrocarbons, Didier Ntubanga. This agreement marks the culmination of almost two decades of negotiations between the two countries and establishes the terms and general principles for exploration activities, production sharing, and ownership of… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

Lobito Atlantic Railway Assumes Operatorship of Lobito Corridor

July 11, 2023July 11, 2023 Constance

The Municipal Administration of Lobito has officially handed over the concession of railway and logistics services of the Lobito Corridor to the Lobito Atlantic Railway, a joint venture comprising commodity company Trafigura; international construction and infrastructure firm Mota-Engil; and independent rail operator Vecturis. The transfer of the concession will see Lobito Atlantic Railway lead the operation, management and maintenance of a 1,300km railway connecting the Lobito port to Luau in eastern Angola over a period of 30 years. The railway will extend an additional 400km, running through the Democratic Republic… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

The Benguela Railway: A Testimony of Friendship and Development

July 7, 2023July 7, 2023 Constance

In an extraordinary feat of engineering, the Benguela Railway in Angola stands as a testament to the power of collaboration and the determination to overcome monumental challenges. As the final piece of the east-west transcontinental link that connects the Indian and Atlantic oceans, this remarkable project, built by the China Railway 20 Bureau Group Corporation (CR20), has revolutionized regional connectivity and transformed the African rail network. With its immense socio-economic impact, the Benguela Railway is more than just a transportation artery; it symbolizes the enduring friendship between the peoples of… Read More Here

Transport and Logistics Angola News in Brief

Lobito Corridor to Generate Two Thousand Jobs in the Initial Phase

July 6, 2023July 6, 2023 Constance

Around two thousand jobs will be created along the Lobito Corridor when it is fully operational, according to Angola’s Minister of Transport, Ricardo D’Abreu. “On the one hand, there are direct jobs related to all those who will be directly involved in port and railway operations and indirect jobs via other sectors”, he stressed on Tuesday July 4th, in statements. For the consortium, he advanced, there is an obligation to invest in the order of US$450 million in the near future. Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

Almost all roads lead to the Lobito Corridor

July 4, 2023July 4, 2023 Constance

It was only in 1931 that the first shipment of copper from Katanga arrived in Lobito, but the railroad that allowed to bring the riches from the then Belgian Congo, today the Democratic Republic of Congo, was born from a Portuguese law of 1899. At the head of the project was the Scotsman Robert Williams, who had been a friend of Cecil Rhodes and who understood the advantages of the Benguela Railway: for the Portuguese, it made it possible to link the Angolan coast to the Central Plateau and even… Read More Here

Mining in Zambia Angola Mining in DRC

Angola begins fiber optic connection tests with Zambia

June 30, 2023June 30, 2023 Constance

The Angolan Government started tests for the connection with Zambia, by fiber optics, as revealed on Tuesday June 2th in Luanda by the minister of Telecommunications, Information Technologies, and Social Communication. Mário Oliveira made the revelation during a visit by the delegation of the Public Accounts Committees of the Southern African Development Community (SADCOPAC), headed by Warren Chisha Mwambazi. Speaking to the press, at the end of the meeting with the delegation, the minister stressed that the process is part of the desideratum of transforming Angola into a telecommunications hub. … Read More Here

Oil & Gas Angola Mining in DRC Mining in Zambia Petroleum

Gasoline price increase doesn’t deter illegal trade between DRC and Zambia

June 29, 2023July 2, 2023 Constance

In an environment of expectations, the 9th National Production Banana Fair was opened yesterday 28th June in the locality of Panguila, municipality of Dande, with estimated transactions of 50 million kwanzas expected, thanks to the high flow of suppliers and buyers, as well as an abundant supply of agro-industrial products. The rise in the price of gasoline, from 160 kwanzas to 300 kwanzas (0.39 dollars), is not inhibiting the fuel smuggling business, in the province of Zaire, to the DRC and Zambia, where the liter is being sold at 1.50… Read More Here