Samantha Herbst

https://staging1.creamermedia.com/

Samantha Herbst

Samantha Herbst is a deputy editor for Creamer Media's online department.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Santacruz subsidiary gets exclusive rights to develop Mexico-based silver mine

7th September 2016 Mexico-focused silver miner Santacruz Silver Mining Impulsora Minera Santacruz, a wholly owned subsidiary of Mexico-focused silver miner Santacruz Silver Mining, has entered into an agreement that will see the company acquire the exclusive rights for 15 years to explore, develop and mine the... →

Phase 2 drilling under way at American Lithium’s Nevada projects

6th September 2016 Phase 2 sonic drilling on three discrete lithium brine targets is now under way at TSX-V-listed American Lithium’s Fish Lake Valley South Playa and Clayton Valley 1 projects, located in Esmeralda country, Nevada, in the US. The drilling programme – designed to collect information on aquifer... →

2016 engineering awards offer glimpse into South African profession’s excellence

2nd September 2016 Creamer Media’s Engineering News was among the organisations and individuals recognised at 2016 Engineering Excellence Awards, hosted by Consulting Engineers South Africa (Cesa) and Aon South Africa in Gauteng on Wednesday night. Engineering News received recognition for Publishing Excellence in... →

How the R1.5bn cartel settlement came to be

2nd September 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... →

NWU to take on international competition at Sasol Solar Challenge

31st August 2016 Various improvements, including the exclusive use of include German-made Gochermann solar panels, have been made to the North-West University (NWU) solar car team’s Sirius X25 enabling the R1-million sponsored solar car to perform about 20% more effectively. Nearly a year after becoming the first... →

Victoria premier moves to ban unconventional gas development in the state

31st August 2016 Spearheaded by Victoria state premier David Andrews, the Labour government on Tuesday put forward a permanent ban on the exploration and development of all onshore unconventional gas in the state, including hydraulic fracturing (fracking) and coal seam gas. The proposed permanent legislative ban,... →

Panoramic suffers severe loss amid plummeting nickel price

30th August 2016 Nickel-focused Panoramic Resources’ 2016 financial year results have been severely impacted by the falling nickel price, which reached a decade low in February, pushing the company into an after-tax loss of A$144.4-million, against a loss of A$28.8-million reported in the previous year. Further,... →

Carbine increases Jorc resources at Mount Morgan by 215%

30th August 2016 A 215% increase in the Joint Ore Reserves Committee resources at the Queensland-based Mount Morgan gold-copper tailings project to 850 000 oz highlights the potential to increase the project’s mine life and production, says owner Carbine Resources. →

Atlas trucking contractor McAleese appointed a voluntary administrator

29th August 2016 ASX-listed iron-ore miner Atlas Iron said on Monday that its main trucking contractor, McAleese Group, had been appointed a voluntary administrator. Atlas advised that trucking of ore from its three mining operations would continue as normal. →

Rio Tinto issued with $50 000 fine for illegal dismissal

29th August 2016 Diversified mining major Rio Tinto faces a $50 000 penalty, issued by an Australian Federal Court judge, for victimising and illegally dismissing a Hail Creek coal miner, who injured his neck while driving a bulldozer in 2010 – an injury Rio Tinto admitted was caused by company negligence. After... →

South32’s local coal expansion projects progressing to feasibility stage

25th August 2016 While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy Coal operation, noting that both proposed expansion projects are progressing well into the... →

South32 COO Africa Mike Fraser

South32 to pay inaugural dividend despite significant revenue drop

25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... →

Photo by Bloomberg
South32 CEO Graham Kerr

Gold price could appreciate once growth in Asia recovers – investment firm

24th August 2016 Asia’s seemingly imminent economic recovery could spark an increase in gold prices, according to investment management firm Allan Gray portfolio manager Sandy McGregor, who connects the gold price decline, which started in 2012, with Asia’s economic woes and its reputation as the world’s biggest... →

CompComm approves AMSA’s R1.5bn settlement proposal

22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... →

2016 engineering awards offer glimpse into South African profession's excellence

18th August 2016 Creamer Media’s Engineering News was among the organisations and individuals recognised at 2016 Engineering Excellence Awards, hosted by Consulting Engineers South Africa (Cesa) and Aon South Africa in Gauteng on Wednesday night. Engineering News received recognition for Publishing Excellence in... →

Outa investigating possibility of class action against Eskom

18th August 2016 The Organisation Undoing Tax Abuse (Outa) will be engaging with various experts to assess the viability of a class action law suit against State-owned Eskom, on behalf of the public, to recoup amounts unlawfully charged by the power utility. This follows the North Gauteng High Court’s decision to... →

Insurance settlement boosts Mount Gibson FY net profit

17th August 2016 Despite significantly lower iron-ore prices and challenging market conditions in the 2015/16 financial year, Western Australian iron-ore miner Mount Gibson has returned to profitability. CEO Jim Beyer attributed its positive full-year results, published on Wednesday, to disciplined cost control,... →

Axiom retracts PFS announcement

16th August 2016 The Australian Stock Exchange (ASX) has requested metals developer Axiom Mining to retract its prefeasibility study (PFS) announcement, published last week, as it does not own the Kolosori prospecting licence. Axiom said in a trading statement on Tuesday that, while it had had ownership of the... →

Vital raises A$1m to step up activities in West Africa, Australia

16th August 2016 ASX-listed junior Vital Metals has raised about A$1-million to advance ongoing gold exploration activities in West Africa, where it recently commenced drilling at its 100%-owned Kollo gold project, in Burkina Faso, to in-fill and extend high-grade gold mineralisation. The proceeds will also be... →

Customers to 'pay premium' for Isabel nickel, according to Axiom PFS

12th August 2016 The prefeasibility study (PFS) of ASX-listed metals developer Axiom Mining’s Isabel nickel project, in the Solomon Islands has indicated that the deposit will be able to produce a consistent saprolite product “for which customers will pay a premium”, unlike other supply sources in the surrounding... →

Drilling campaign under way at Metallica’s Urquhart project

11th August 2016 A key mine plan drilling campaign is under way at ASX-listed bauxite developer Metallica Minerals’ Urquhart bauxite project, near Weipa, in north Queensland, to assist with the company’s final planning for a 2017 mine start. Metallica noted on Thursday that the results of the drilling campaign... →

Anova raises $7.1m to fast-track exploration at Big Springs

11th August 2016 ASX-listed gold explorer Anova Metals has raised $7.1-million to fast-track large-scale exploration and mining development at its Nevada-based Big Springs project, in the US, where the company is currently finalising plans for a drilling programme. Anova announced on Thursday that it had secured... →

AMR makes move to acquire Kasbah Resources

11th August 2016 The board of ASX-listed Kasbah Resources has unanimously recommended that all shareholders vote in favour of TSX-V-listed Asian Mineral Resources’ (AMR) intention to acquire the Australian miner. The companies announced on Thursday that they had entered into a scheme implementation agreement... →

African youth need to be vested in the future of their countries – US Bureau of African Affairs

5th August 2016 With 70% of Africans under the age of 25, it is imperative for African youth to be engaged in communities and vested in the future of their respective countries, according to US Bureau of African Affairs assistant secretary Linda Thomas-Greenfield, who highlights this as the central tenet of the... →

US President Barack Obama

Wealth Minerals looks to acquire 144 exploration concessions in Atacama Salar

5th August 2016 Multilisted mineral resources company Wealth Minerals on Thursday announced that it intends to acquire a 100% royalty-free interest in 144 exploration concessions in Antofagasta’s Atacama Salar in Region II, northern Chile. The company had signed a letter of intent on Tuesday, which gives it the... →

Peregrine completes drilling programme at Botswana-based mine

5th August 2016 TSX-listed diamond explorer Peregrine Diamonds has completed core drilling on three kimberlite and two exploration targets at its 100%-owned Sikwane project, in south-eastern Botswana’s Kgatleng’s district The company advised on Thursday that the drilling programme had successfully intersected... →

Bacanora announces passing of company chairperson

5th August 2016 Aim- and TSX-V-listed lithium and borates company Bacanora Minerals on Thursday reported that the company’s chairperson and nonexecutive director, Colin Orr-Ewing, had passed away following a short illness. "We are all deeply saddened by the news of Colin's sudden death and all the sympathies and... →

Osisko reports 133% cash flow increase in Q2, sees record revenues, gold ounces earned

5th August 2016 Precious metals royalty company Osisko Gold Royalties has seen a 133% year-on-year increase in cash flows from operating activities, reporting $15-million in cash flow achieved in the three months to June 30, on the back of record revenues and gold ounces earned. The TSX- and NYSE-listed company... →

Canadian Malartic gold mine, Québec

Iata inks MoU with African Union Commission

5th August 2016 The International Air Transport Association (Iata) has signed a memorandum of understanding (MoU) with the African Union (AU) Commission to expand strategic cooperation and further the continent’s economic and social development, through the benefits of safe, efficient and sustainable air... →

Eskom commits R155m to R&D partnership with six universities

5th August 2016 Eskom will next week sign Phase 2 of the Eskom Power Plant Engineering Institute (EPPEI) funding agreement, which will see the State power utility committing R155-million to execute and enhance eight interuniversity programmes in South Africa, integrating research efforts and creating synergy... →

DRA investment partner funds PFS of Peninsula’s Karoo projects

4th August 2016 ASX-listed uranium miner Peninsula Energy will issue about 977 000 fully paid shares to project management company DRA Global’s independent investment partner, Concentrate Capital Partners (CCP), at A$0.80 a share, following a recently signed subscription agreement. DRA Projects is completing the... →

Metals X raises A$100.6m, intends to demerge gold assets

4th August 2016 Diversified junior Metals X has completed an institutional placement to raise A$100.6-million – and is undertaking a share purchase plan of up to A$15-million – to fast-track the development of additional production from several of the company’s projects in both the gold and base metals... →

Metals X CEO Peter Cook

Land Bank division unveils South Africa’s first black crop insurance brokers

1st August 2016 The Land Bank Insurance Company (LBIC), a division of the Land Bank, which provides financial services to the commercial farming and agribusiness sector, has unveiled the first batch of fully accredited black crop insurance brokers in the country. A programme with the intention of training ten... →

Wealth Minerals looks to acquire additional exploration concessions in Chile salt region

1st August 2016 Multi-listed mineral resources company Wealth Minerals has entered into an option agreement to acquire a 100% royalty-free interest in the Quisco 1 to 9 exploration concessions, located in the Quisquiro Salar salt region in Antofagasta, northern Chile. The company also announced on Friday that it... →

Fortuna completes acquisition of Goldrock Mines

29th July 2016 TSX-V-listed Goldrock Mines is now a wholly owned subsidiary of TSX- and NYSE-listed Fortuna Silver, which on Thursday announced the completion of its previously announced acquisition. Pursuant to the arrangement, Goldrock shareholders received 0.1331 of a common share of Fortuna for each... →

Centerra revises 2016 forecast amid half-year gold production, sales decreases

27th July 2016 Canadian gold miner Centerra Gold has seen a 36% decrease in gold ounces sold in the first half of 2016, with recorded net earnings of $21.1-million, or $0.09 a common share, for the period under review, against $62.6-million, or $0.26 a share, recorded in the first half of 2015. Gold production... →

Kumtor gold mine, Kyrgyzstan

Sherritt’s second-quarter net loss per share widens by 119%

26th July 2016 As nickel prices remained under pressure in the three months to June 30, with reference prices averaging $4/lb, TSX-listed diversified miner Sherritt International has reported a 119% wider net loss a share from continuing operations in the second quarter, which translates to a 44% wider net loss... →

Sherritt International's Ambatovy plant

Kootenay to proceed with 3 000 m drilling programme at La Cigarra

22nd July 2016 With drill permits now in place, preparations for the 3 000 m drilling programme at Canadian explorer Kootenay’s 100%-owned La Cigarra silver project, in Chihuahua State, Mexico, are well under way, with expectations that drilling will commence on or by August 1. The TSX-V-listed company noted on... →

Anglo Pacific’s H1 sales beat previously guided range by about 20%

22nd July 2016 Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving notification from British-Australian multinational Rio Tinto of the invoiced payable tons for the... →

Asanko delivers strong second quarter in first production phase

21st July 2016 TSX-listed midtier gold miner Asanko Gold’s eponymous mine, in Ghana, West Africa, delivered a strong second quarter in the three months to June 30, achieving commercial production a quarter ahead of schedule and gold production of 36 337 oz, in line with the company’s guidance of between 35 000... →

Asanko gold mine, Ghana

Development activities under way at Lithium X’s Sal de los Angeles project

21st July 2016 Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO and Andres Barrientos as project GM. The lithium development company has initiated several pump... →

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe