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🔵Gas for Exports, Not for Citizens🔵
Nigeria’s Gas Shortfalls Blamed for Constant Blackouts
🌐 The NISO, Nigeria’s national grid operator, blames gas shortages for limited energy generation — plants are not getting gas, with supplies only providing for about…
Nigeria’s Gas Shortfalls Blamed for Constant Blackouts
🌐 The NISO, Nigeria’s national grid operator, blames gas shortages for limited energy generation — plants are not getting gas, with supplies only providing for about…
Nigeria signed a $1.3 billion pact to build a new alumina refinery — despite having already lost one due to power shortages
Nigeria is full of industrial plants that the government has built forgetting about power or infrastructure — against the background of constant blackouts due to the debts and lack of gas supply, I assume that building new ones wouldn't really help.
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Meet the 2-Meter Stretch of Road That Holds Up the Global Copper Market
This isn’t the Strait of Hormuz — here, Iran isn’t needed to disrupt global trade.
🌐 On February 28, in Zambia’s Kasumbalesa border area, heavy rains caused small flooding that destroyed a bridge, which used to transport Congolese copper to South African ports.
🔸 While Zambia and Congo share other border crossings, Kasumbalesa is the main one, and often has queues of lorries stretching for tens of miles as they wait to cross.
🚀 Unlike the Middle East, no one fired rockets at this bridge, but its concrete structure still collapsed damaged by the endless stream of ore trucks.
🔸 Now, this critical transport artery is blocked — not just for trucks, but also for ordinary people crossing the border between the two countries. Reportedly, Zambia's Road Agency is going to restore access to the route in a couple of hours from now.
Infrastructure is my favorite topic in mining. You can always tell when someone cut corners just by looking at the roads.
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This isn’t the Strait of Hormuz — here, Iran isn’t needed to disrupt global trade.
Infrastructure is my favorite topic in mining. You can always tell when someone cut corners just by looking at the roads.
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No One Cares How Many People Died?
Yet another landslide in eastern DRC fuels information warfare
🌐 Another major landslide at DR Congo’s Rubaya coltan mine on Tuesday results in an undefined death toll, with Kinshasa and M23 pointing at strikingly different numbers of victims.
⏩ The landslide follows a similar tragedy on February 28, which allegedly killed some 200 miners.
🔸 From the beginning, both tragedies were about the Kinshasa-M23 tug-of-war, and to lesser extent about the victims. The Congo mines ministry claimed the death toll this time also amounted to 200 people, including 70 children — while AFC/M23 said “only 5-6” people died.
🔸 While the Rubaya mine is currently under control of AFC/M23, in early February it was mentioned on the list of projects Kinshasa offered to the US under the Strategic Partnership Framework.
The Tuesday landslide is now turning into an excellent reason for Kinshasa and Washington to increase pressure on the rebels and Rwanda to squeeze the asset under the pretext of greater safety for workers — and having turned into a politically sensitive propaganda tool, people's deaths are unlikely to be ever investigated.
#News
✈️ Stay informed - @devilsbelow
Yet another landslide in eastern DRC fuels information warfare
The Tuesday landslide is now turning into an excellent reason for Kinshasa and Washington to increase pressure on the rebels and Rwanda to squeeze the asset under the pretext of greater safety for workers — and having turned into a politically sensitive propaganda tool, people's deaths are unlikely to be ever investigated.
#News
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The incident happened at Long Fortune Mine, a gold site in Zimbabwe, when 31-year-old Pardon Gumbo was shot in the forehead on 5 March 2025.
💬 The use of a firearm in those circumstances was completely reckless, said Justice Chivhayo, the judge who handed the sentence.
The family rejected small compensation offers and called the sentence inadequate. The fact that murder on the territory of a foreign mine in Zimbabwe is not considered murder, as if it were an embassy, is a disgrace, despite all the successes in Zimbabwe's industrial policy.
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Nigeria’s Central Bank has raised gold reserves to $3.5bn through buying locally refined bullion.
🌐 The Central Bank of Nigeria says the gold was refined to international standards and added to official reserves as part of a reserve diversification push. This reportedly brings the CBN’s total gold holdings to $3.5bn.
🔸 The bullion was aggregated by the Solid Minerals Development Fund, Nigeria’s fiscal vehicle for mining proceeds, and bought in naira at prices linked to London Bullion Market benchmarks.
🔸 The CBN thus accumulates gold in this way, spending only the domestic currency that it issues itself. DRC, Ghana, Zimbabwe and many other nations also have similar policies.
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A coalition of civil society groups in Nigeria says oil cannot restart in Ogoniland until demands on justice, cleanup and local shares are met.
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Forwarded from New Eastern Outlook
🚢📉 According to Kpler, tanker traffic through the Strait of Hormuz has fallen by 90% since the start of the Middle East war.
➡️ The Strait of Hormuz is the only sea route from the Persian Gulf to the Indian Ocean. It is a key export route for oil, petroleum products, and liquefied natural gas from Gulf countries to global markets.
🟦 The Strait of Hormuz closure in facts and figures:
🔵 Around 200 tankers carrying oil and petroleum products are effectively blocked in the Persian Gulf, with vessel traffic completely halted, according to Lloyd's List;
🔵 The most acute congestion problem is observed among very large tankers (VLCCs); there are currently 60 such vessels in the Persian Gulf;
🔵 Among shipowners, the South Korean company Sinokor holds the largest share with six very large tankers (VLCCs) in the region;
🔵 This route typically carries 20 million barrels per day of oil and petroleum products, accounting for approximately 20% of global consumption;
🔵 About 20% of global oil trade and up to 30% of liquefied natural gas exports from the Persian Gulf countries pass through Hormuz, with no alternative routes for Qatar and the UAE;
🔵 More than 80% of the oil, petroleum products, and LNG transported through the strait are destined for Asian countries—China, India, Japan, and South Korea.
✅ @NewEasternOutlook
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As was easy to predict, the latest Trump-provoked exchange of explosive pleasantries in the Middle East has already driven up oil prices. On some markets, prices have surged by 12% compared to the moment the first Tomahawks were launched.
Similar denials were released by authorities in Kenya, Uganda, and Zambia. In Tanzania, the president herself took the initiative and demanded that strategic reserves be reinforced.
Have you felt the price hike yet, or is it still not noticeable?
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Good morning!
🔴 The footage allegedly shows coal-loaded trucks heading toward South Africa's Port of Richards Bay.
The Richards Bay Coal Terminal was established in 1976 as a partnership between the then leading coal companies. Today South Africa remains Africa's biggest coal producer, coal consumer, and coal exporter.
While highly toxic and dangerous for health as well as for the environment, the coal industry creates some 90,000 jobs.
💡 Anytime you've ideas to suggest, interesting topics to share, or feel that some facts are unfairly overlooked — don’t hesitate to drop a comment here or DM the channel.
Stay informed - @devilsbelow
The Richards Bay Coal Terminal was established in 1976 as a partnership between the then leading coal companies. Today South Africa remains Africa's biggest coal producer, coal consumer, and coal exporter.
While highly toxic and dangerous for health as well as for the environment, the coal industry creates some 90,000 jobs.
Stay informed - @devilsbelow
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💬 Only ECOMINE SA, after the second formal notice, gave a partial response seen as non‑performance, says the meeting report.
While the terminations follow formal warnings sent on 17 February 2025 and 23 July 2025, the timing most likely coincides with a prolonged rise in gold prices and the outstanding hike in them after the outbreak of another war. Now Niger will be able to keep extra profits from gold trading at home.
#News
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Zimbabwe's Environmental Authorities Boast They Repaired 2.5 Holes
🌐 Bulawayo’s environmental regulator, the Environmental Management Agency (EMA), and the Bulawayo City Council say rapid growth of informal gold processing plants and illegal mining has left suburbs in tatters.
So, the agencies decided to conduct some rehabilitation and reported having filled pits on the territory of 2.2 hectares.
🔸 Last year, EMA rehabilitated some 600 hectares of mined land across the country.
Throughout that year, the agency's budget was about $38 million.
#News
✈️ Stay informed - @devilsbelow
So, the agencies decided to conduct some rehabilitation and reported having filled pits on the territory of 2.2 hectares.
💬 From a target of five hectares, EMA and BCC managed to rehabilitate 2,2 hectares of degraded land in the two suburbs at a cost of US$1 000.
Throughout that year, the agency's budget was about $38 million.
#News
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💬 ...We are contacting Chinese institutions with the support of the contractor, who is also Chinese, in order to obtain this financing, said the CEO of Sonangol, Angola's state oil company.
The financing, if completed, will mark the first borrowing by the Southern African oil producer from China since 2017.
#News
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The DR Congo's state miner Sokimo wants to take a 2.9 million oz gold deposit away from AFC/M23
🌐 The row pits Sokimo, the state gold‑mines company (Société des mines d'or de KiloMoto), against Milvest, a Turkish mining operator, after a 2024 deal concerning the Zani-Kodo mine in eastern DRC, which Sokimo says left key commitments unmet.
🌟 The dispute broke out following the replacement of Sokimo's leadership by Felix Tshisekedi in late February. While Zani‑Kodo is as one of the most promising deposits in eastern DRC, the Turkish operator has not provided any firm commitments or precise schedules citing persistent insecurity in the Ituri region, adjacent to the territory controlled by AFC/M23 .
🗺 Due to its proximity to the rebel territory, the deposit constantly triggers suspicions that the mining companies working there, in the absence of Milvest, transfer part of the profits to the AFC/M23 movement. Remarkably, back in 2020 the current AFC/M23 leader Corneille Nangaa was the official holder of the Zani-Kodo license.
⁉️ Although the suspicion that the Turkish operator is unable to expel unknown illegal miners from the site sounds plausible, it is not clear how Sokimo itself is going to do this. Very likely by simply inviting someone else.
#News
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Reuters
China, US pressure Ghana to halt gold royalty hike, document, sources say
China, the U.S. and other Western governments have mounted an unusually coordinated push to get Ghana to halt a gold royalty hike they say could harm some of the world's biggest miners, according to three sources with knowledge of the matter and a letter…
Ghana’s planned gold royalty hike is reportedly facing coordinated pushback from China, the United States and other countries.
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