December 18, 2025 Japan’s JAPEX has struck a deal to buy shale oil and gas asset owner Verdad Resources Intermediate Holdings for $1.3 billion, Reuters has reported, adding the company will finance the deal with a combination of cash and debt. Verdad Resources Intermediate Holdings has assets in Wyoming and Colorado, which currently produce at a […]Read More
December 15, 2025 Exxon Mobil Corp. has invented a type of graphite that can extend the life of electric-vehicle batteries by as much as 30%, pushing the oil major further into advanced battery materials as automakers look for longer-lasting cells and supply chains less reliant on China. “We’ve invented a new carbon molecule that will […]Read More
Coal continues to dominate South Africa’s energy portfolio, at over 80% of the country’s power generation mix JOHANNESBURG, South Africa – Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing nations as they transition away from fossil fuels. In 2021, during the 26th UN Climate Change Conference of […]Read More
Dele Alake, Solid Minerals Development Minister, has hailed the $1 billion (N1.6 Trillion) new iron ore-to-steel project planned for Kogi State as a breakthrough in the Federal Government’s campaign to make local value addition the model of development in the solid minerals sector. Addressing the promoters- Chart and Capstone Integrated Limited of Nigeria and Sinomach-He […]Read More
Targets for 100 percent electric vehicle adoption by 2035 cannot be achieved without an unprecedented acceleration in copper mining, according to Joseph McMonigle, the Secretary General of the International Energy Forum. Copper is the most essential mineral for societal development, but growing electrification needs globally cannot be met if limited supplies of copper are taken […]Read More
Although the beginning of the year offered mixed signals for the global economy, US markets today continue to experience positivity. Prices for general markets witnessed an uptrend in late February, followed by a continuation in March and a reversal in April. Fueled by buyer sentiment, the S&P 500 index notched its best first quarterly performance […]Read More
The Federal Government has revoked 924 dormant licences spanning exploration, mining, small-scale mining, and quarrying. Dele Alake, Minister of Solid Minerals Development, announced the revocation at a press conference on Wednesday. According to him, this is done in furtherance of efforts to sanitise Nigeria’s mining sector. He declared that in line with constitutional provisions, adequate […]Read More
Last week, Oladele Alake, the Minister of Solid Minerals, addressed the press on the solid minerals roadmap in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda and how the administration is going to reposition the sector as a major driver of economic growth. “President Bola Ahmed Tinubu has taken firm, courageous decisions that have […]Read More
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