Mining firm Lucapa Diamond has scheduled two diamond sales for the last 2016 quarter as recoveries of large special stones continue at its Lulo mine, in Angola. The first sale is scheduled for mid-Novemeber and will include the 172 ct and 104 ct Type IIa diamonds recovered at Lulo at the end of September. The sale parcel will also include a 72 ct Type IIa stone which the company recovered...

Mining company DiamondCorp has signed with Rasmala a Sharia-compliant financing agreement for £700,000 which it will invest in its Lace diamond project, in South Africa. The financing comes after the firm’s activities at Lace were halted earlier this month, and suffered adverse share price movements on the JSE and LSE. “We are pleased to have secured this new financing facility, which will...

Vivo Energy Cote d’Ivoire will proceed next month to a stock split at a rate of 50 new shares for an old one, WAEMU’s Bourse Regionale des Valeurs Mobilières (BRVM) announced. As the Ecofin Agency (Agence Ecofin) reported previously, the decision was taken at the firm’s ordinary and extraordinary general meeting held on June 23, 2016. Starting November 4, 2016, the volumes of shares will...

ExxonMobil is to partner Eni and others in the exploration of natural gas in Area 4 of the Rovuma basin in Mozambique, the Chairman of ENH, Omar Mitha, has revealed. According to him, ExxonMobil’s entry is a big advantage for the country particularly due to the company’s experience in the global production and distribution of natural gas. “We are talking about a major player in the global...

ASKY, The Pan African Airline is pleased to announce the opening of a new route between Abidjan and Dakar vice versa starting November 1st, 2016, in daily flight. This new route offers more capacity (seats) and takes into account a significant reduction in flight time, increased frequencies of flight to Dakar adding those departing from Lome to improve and facilitate movements. Below is the...

Delonex Energy in cooperation with the Indian Oil Corporation plans to carry out oil and gas seismic and geophysical surveys in the districts of Marracuene and Manhiça, in Mozambique’s Maputo province in 2017. This analysis will encompass an area of 9 000 km² and cost $70 million. Well tests are to be used to determine if there are hydrocarbons in the Palmeira area of...

Libya's Es Sider is expected to restart exports in the coming weeks, with the first cargo likely to be lifted by Libya's National Oil Corporation (NOC) in the first week of November, a source at NOC revealed. The cargo would be the first lifted since force majeure was declared on loadings from Es Sider port in December 2014. This new development comes after production was resumed at the eastern...

Arnlea Systems has been awarded a contract to carry out inspection services for African-focused Tullow Oil Plc.The Aberdeen-based asset manager is to use its hazardous area inspection system, Intrinsix Ex, to carry out inspections on two floating production, storage and offloading vessels hired by Tullow Oil. The two vessels are to be used on the Jubilee and Ten fields offshore Ghana.Arnlea...

The Nigeria National Petroleum Corporation (NNPC) has reduced the official selling price of Nigeria’s crude oil grades as parts of moves to make the country’s crude oil attractive to buyers and help recover its share of the global crude oil market. According to a report by Bloomberg, the NNPC lowered its official selling prices for 20 out of 26 oil grades by at least $1 a barrel. It...

Nearly 2,000 households in the communities of Bango, Ngallèle, Sinthiane and Khar Yalla in Senegal have been ordered by Saint-Louis’ prefect Mariama Traoré “to cease all activities and vacate their homes without delay,” PressAfrik said. “The prefect’s decision might leave about 2,000 families homeless. The official claims the concerned families live illegally on the lands from which...