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Energy Capital & Power

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    • CORRECTION: Angola, Democratic Republic of the Congo (DRC) Sign New Terms for Offshore Block 14 at Angola Oil & Gas (AOG) 2024 (1)
    • CORRECTION: Angola, Democratic Republic of the Congo (DRC) Sign New Terms for Offshore Block 14 at Angola Oil & Gas (AOG) 2024 (2)
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Source: Energy Capital & Power |

CORRECTION: Angola, Democratic Republic of the Congo (DRC) Sign New Terms for Offshore Block 14 at Angola Oil & Gas (AOG) 2024

Angola and the Democratic Republic of Congo have signed collaborative agreements for the co-development of offshore Block 14, as well as enhanced business and investment cooperation

Angola’s Ministry of Mineral Resources, Oil and Gas and the Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) have signed an agreement with new terms for the co-development of offshore Block 14. The agreement was signed during the opening ceremony of the Angola Oil & Gas (AOG)…

Energy Capital & Power

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    • Angola, Democratic Republic of Congo (DRC) Sign New Terms for Offshore Block 14 at Angola Oil & Gas (AOG) 2024 (1)
    • Angola, Democratic Republic of Congo (DRC) Sign New Terms for Offshore Block 14 at Angola Oil & Gas (AOG) 2024 (2)
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Source: Energy Capital & Power |

Angola, Democratic Republic of Congo (DRC) Sign New Terms for Offshore Block 14 at Angola Oil & Gas (AOG) 2024

Angola and the Democratic Republic of Congo have signed collaborative agreements for the co-development of offshore Block 14, as well as enhanced business and investment cooperation

Angola’s Ministry of Mineral Resources, Oil and Gas and the Ministry of Hydrocarbons of the Democratic Republic of the Congo (DRC) have signed an agreement with new terms for the co-development of offshore Block 14.  The agreement was signed during the opening ceremony of the Angola Oil & Gas (AOG)…

Energy Capital & Power

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    • Critical Minerals Africa (CMA) to Showcase African Copper Prospects Amidst Growing Global Supply Shortage
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Source: Energy Capital & Power |

Critical Minerals Africa (CMA) to Showcase African Copper Prospects Amidst Growing Global Supply Shortage

CMA 2024 will promote African copper projects driving the stability of the global supply chain

Railway operator Lobito Atlantic Railway exported (https://apo-opa.co/4e3BWX2) its first shipment of copper from the Democratic Republic of the Congo to the U.S. in August 2024, strengthening Africa's contribution to the growing global demand for the critical mineral. With the global copper supply gap projected to reach 10 million metric tons…

Energy Capital & Power

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    • The Democratic Republic of the Congo’s (DRC) Hydrocarbons Minister Joins Angola Oil & Gas (AOG) 2024 Amid Exploration Drive
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The Democratic Republic of the Congo’s (DRC) Hydrocarbons Minister Joins Angola Oil & Gas (AOG) 2024 Amid Exploration Drive

Committed to leveraging undeveloped oil and gas to stimulate long-term economic growth, the DRC’s Ministry of Hydrocarbons is seeking investment in exploration and production

The Democratic Republic of the Congo’s (DRC) newly-appointed Minister of Hydrocarbons Aimé Sakombi Molendo has joined the Angola Oil & Gas (AOG) conference – taking place October 2-3 in Luanda – to discuss opportunities for regional collaboration in the oil and gas sector. Minister Molendo has expressed his intention to…

Energy Capital & Power

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    • United States (US) Department of State Joins Pensana, World Bank to Discuss Lobito Corridor at Critical Minerals Africa (CMA) 2024
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United States (US) Department of State Joins Pensana, World Bank to Discuss Lobito Corridor at Critical Minerals Africa (CMA) 2024

Connecting the Zambian and DRC copperbelts with international markets via the Port of Lobito, the Lobito Corridor serves as a blueprint for cross-border infrastructure in African mining

The Lobito Corridor project – a cross-border infrastructure development connecting Angola with mining operations in Zambia and the DRC – is expected to be complete in 2029. The project creates various economic opportunities for the region by strengthening both intra- and inter-African mineral trade.   During the Critical Minerals Africa…

Energy Capital & Power

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    • Marie-Chantal Kaninda, President of Glencore in the DRC and Chairman of Kamoto Copper Company (KCC) ­
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Source: Energy Capital & Power |

Glencore Democratic Republic of the Congo's (DRC) Marie-Chantal Kaninda to Highlight Environmental, Social and Governance (ESG), Investment Strategy at Critical Minerals Africa (CMA)

Marie-Chantal Kaninda, President of Glencore in the DRC, will participate at the upcoming Critical Minerals Africa Summit as a speaker

Swiss mining company Glencore has launched the ProAc project (https://apo-opa.co/4c6hTp6) in the Democratic Republic of the Congo (DRC), aiming to promote economic diversification, financial inclusion and food security in the region. The initiative, part of Glencore's environmental, social and governance (ESG) portfolio, will provide financing and skills training to local communities…

Energy Capital & Power

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    • Cape Town Mining Summit to Highlight the Democratic Republic of Congo (DRC)’s Critical Mineral Investment Prospects
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Cape Town Mining Summit to Highlight the Democratic Republic of Congo (DRC)’s Critical Mineral Investment Prospects

CMA 2024 will take place under the theme Innovate. Enact. Invest in African Critical Minerals to Sustain Global Growth

The Democratic Republic of Congo (DRC)’s state-owned mining firm, Gecamines, and Canadian company Ivanhoe Mines have resumed operations at the high-grade Kipushi zinc-copper mine (https://apo-opa.co/4bZo9ij). The mine is expected to produce up to 140,000 tons of zinc concentrate this year and up to 278,000 tons annually over the next five years,…

Energy Capital & Power

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    • The Democratic Republic of Congo (DRC)’s Minister of Industry and Small and Medium-Sized Enterprises (SMEs) to Promote Critical Mineral Prospects at Critical Minerals Africa (CMA)
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Source: Energy Capital & Power |

The Democratic Republic of Congo (DRC)’s Minister of Industry and Small and Medium-Sized Enterprises (SMEs) to Promote Critical Mineral Prospects at Critical Minerals Africa (CMA)

CMA 2024 will host a country spotlight showcasing the DRC’s critical mineral industry, investment opportunities and contribution to the global energy transition

Multilateral development finance institution the African Development Bank announced a $7 million trade finance guarantee facility to Access Bank DR Congo to support Small and Medium-Sized Enterprises (SMEs) and local businesses in February 2024. The financing aims to address the funding shortages that impede the growth of SMEs and their…

Energy Capital & Power
Source: Energy Capital & Power |

Critical Minerals Africa (CMA) 2024 to Explore Lobito Corridor’s Role in Streamlining Mineral Trade

The Lobito Corridor serves as a blueprint for attracting fresh investments to advance infrastructure and mining developments

Multinational commodity trader Trafigura and Kamoa-Kakula entered a long-term agreement with the Lobito Atlantic Railway consortium to transport critical minerals via the Lobito corridor in February 2024. In addition, Canadian mining firm Ivanhoe Mines made its inaugural copper shipment from the Kamoa-Kakula Copper Complex in the DRC via the corridor,…

Energy Capital & Power
Source: Energy Capital & Power |

Positioning the Lobito Corridor as a Model for Foreign Investment

The upcoming Invest in African Energy forum in Paris seeks to establish new avenues for African energy project finance, with the $2.3-billion Lobito Corridor serving as a potential model

In February this year the U.S. International Development Finance Corporation announced new financing in support of the Lobito Corridor – a transnational 1,300-km railway line linking Angola’s Port of Lobito with southern DRC and north-western Zambia. The U.S. and its partners – which include the European Commission, African Development Bank…