Megan van Wyngaardt

https://staging1.creamermedia.com/

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Diatreme to advance WA zircon project as funding is secured

31st January 2018 ASX-listed Diatreme Resources has completed a private placement to raise $490 000 through the issue of 24.5-million shares at $0.20 apiece. The proceeds will be used to further advance its Western Australia-based Cyclone zircon project definitive feasibility study (DFS) and working capital, where... →

Prospect raises $10m for Zimbabwe lithium mine development

31st January 2018 Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c apiece. The ASX-listed company said on Wednesday that it would use the funds to accelerate the... →

Gascoyne clinches long-term LNG deal for Dalgaranga project

31st January 2018 ASX-listed Gascoyne Resources, through its 100%-owned subsidiary GNT Resources, has executed a long-term liquefied natural gas (LNG) fuel supply agreement with Evol, a fully-owned subsidiary of the Wesfarmers group. The locally sourced LNG provides the lowest-cost and lowest-emissions fuel... →

Prairie positive about Polish coal mining future

31st January 2018 With the Polish government strongly supporting the development of new, modernised coal mines, ASX-listed Prairie Mining is upbeat about its Debiensko coking coal project, located in the country's Upper Silesian region. The miner explained that during the quarter ended December 31, Poland's newly... →

Red 5 starts off 2018 on strong foot

31st January 2018 Australian gold producer Red 5 reported a strong first quarter, producing 17 777 oz in the three months to December 31, 2017, paired with sales of 16 150 oz from its recently acquired Darlot mining operation, in Western Australia. All-in sustaining cost for the quarter was A$1 291/oz. →

South Africa could dive into greater policy uncertainty as budget speech looms

30th January 2018 The North-West University’s School of Business and Governance’s Policy Uncertainty Index for the fourth quarter of 2017 rose to 55.4, up from the 53.6 it recorded in the previous quarter. Speaking at a media briefing in Johannesburg, Professor Raymond Parsons noted that this decline into negative... →

City of Johannesburg, private sector joins hands in innovative recycling project

30th January 2018 Adcock Ingram Critical Care, Netcare, Johannesburg Mayor Herman Mashaba and the City of Johannesburg, this week launched a project that recycles used, nonhazardous intravenous infusion drip bags and tubing made of polyvinyl chloride (PVC) to produce soles for school shoes. As part of the... →

AfDB renews commitment to connect 29.3m Africans to electricity grids

30th January 2018 The African Development Bank (AfDB) plans to provide 29.3-million people on the continent with access to electricity by 2020. Speaking during meetings of the United Nations Economic Commission for Africa, in Addis Ababa, at the weekend, AfDB president Akinwumi Adesina pledged support for the New... →

Sandfire maintains strong production in Dec quarter

30th January 2018 ASX-listed Sandfire Resources maintained strong mine production and milling rates for the three months to December 31, with copper production reaching 16 263 t, up from 15 528 t in the previous quarter. C1 cash operating costs for the quarter were $1.02/lb, which increased slightly from the... →

Australia must grab $2tr downstream lithium opportunity with both hands

30th January 2018 Australia has the opportunity to expand its lithium value chain by an estimated $2-trillion in the next two years, a report revealed on Tuesday. In the Future Smart Strategies' report, titled 'A lithium industry in Australia: A value chain analysis for downstreaming Australia's lithium... →

Perseus delivers highest production since 2012

30th January 2018 Delivering its fourth consecutive quarter of strong operating performance across all parts of its business, ASX-listed Perseus Mining on Tuesday reported 2017 calendar year gold production of 208 226 oz, the highest since commercial production started in 2012. This was supported by its... →

Ramelius ups guidance as mines produce record gold

30th January 2018 On the back of record gold production of 58 012 oz for the three months ended December 31, ASX-listed miner Ramelius Resources on Tuesday upgraded its expected production guidance for the full year to between 200 000 oz and 210 000 oz. During the quarter, the miner also achieved an all-in... →

DFS demonstrates 'robustness' of WA uranium project - Vimy

30th January 2018 A definitive feasibility study (DFS) at ASX-listed Vimy Resources' Mulga Rock project (MRP), in Western Australia, has confirmed robust financials and a simple, low-cost mining process. "The DFS reinforces the status of the MRP as Australia's largest and most advanced uranium project based on a... →

Commission recommends conditional Barnes Southern Palace, Scaw merger approval

29th January 2018 The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction, with conditions, whereby Barnes Southern Palace intends to acquire steel maker Scaw from the Industrial Development Corporation (IDC). Barnes Southern Palace is a consortium involving the... →

Unitrans, Action Ford deal gets competition authority thumbs up

29th January 2018 The Competition Tribunal has conditionally approved a merger whereby Unitrans Automotive, wholly-owned by Steinhoff International Holdings, acquires Action Ford's vehicle dealership business. The merging parties have given an undertaking that there will be no retrenchments for a period of two... →

Petra delivers record production but stifled by Tanzania blockage

29th January 2018 In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance. This represented record production for any six-month period for the company. →

Wage negotiations in bus sector ongoing, but progress made

29th January 2018 The South African Transport and Allied Workers' Union (Satawu) along with four other unions in the South African Road Passenger Bargaining Council (Sarpbac) on Monday said it would take employers' wage offers to their members for approval. Last week, labour unions Satawu, the Transport and Allied... →

Argent granted tin/copper tenements in Tasmania

29th January 2018 The Tasmanian government has granted ASX-listed Argent Minerals the Ringville and Queensberry tenements in the highly productive Mount Read Volcanics belt, following merit-based assessment processes in which the company's proposed exploration plans and capabilities were evaluated in separate... →

Atlas reduces debt, progresses diversification plans

29th January 2018 Iron-ore producer Atlas Iron has repaid a further A$20-million of its debt, as the ASX-listed company continues its strategy of repositioning the business by reducing debt, growing its iron-ore business through the Utah Point and diversifying beyond iron-ore. Atlas reported on Monday that the... →

Basil Read's shares fall on announcement of discounted rights offer terms

29th January 2018 JSE-listed construction company Basil Read's shares took a 23.08% tumble on Monday morning, after it released the terms of its proposed R300-million rights offer, which has been significantly discounted. The proposal includes the issue of 1.36-billion shares at 22c apiece, compared with the... →

Gold miner Millennium reports on Q4 operational results

29th January 2018 Western Australian gold miner Millennium Minerals produced 21 401 oz for the quarter ended December 31, at a C1 cash cost of $1 081/oz and an all-in sustaining cost of $1 290/oz. The fourth-quarter production exceeded that of the third quarter by 33% and brings full-year output to 72 848 oz.... →

Perseus pours gold at Côte d'Ivoire mine ahead of schedule

29th January 2018 Dual-listed Perseus Mining has achieved its first gold our at its Sissingué operation, in Côte d'Ivoire, one month ahead of schedule. The company said on Monday the ramp-up to full scale commercial production at Sissingué was progressing as planned and that it was expected to be achieved on or... →

Iluka production up as Sierra Rutile plays in

29th January 2018 Mineral sands producer Iluka on Monday reported a 22% increase in its yearly production of zircon, rutile and synthetic rutile, at 825 000 t. The ASX-listed company attributed the increase to the inclusion of Sierra Rutile's production of 171 000 t, following the acquisition of the Sierra... →

Nersa welcomes Mkhize as petroleum pipelines regulator

26th January 2018 The National Energy Regulator of South Africa (Nersa) has appointed Muzuvukile Mkhize as full-time regulator member responsible for petroleum pipelines regulation, following Cabinet approval. Mkhize will fill the role for a five-year term from January 16 this year to January 15, 2023. His... →

TSAM confirms precautionary recall of 730 000 vehicles

26th January 2018 Toyota South Africa Motors (TSAM) on Friday confirmed that it was conducting a recall campaign related to potentially defective Takata airbag inflators, which was currently affecting a number of automotive brands worldwide. TSAM stated that this was not a new recall for its models, but an... →

Stronger rand hurt rand gold price in Q4

26th January 2018 A stronger rand negatively impacted on rand gold prices in the fourth quarter of 2017, SA Bullion reports. For the fourth quarter, the gold picture in rand was quite different from that of dollar, as the latter weakened against major currencies. →

Alrosa CEO, Angolan President discuss Catoca shareholding

26th January 2018 Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in Catoca Mining to 41%. "Recently, we have seen positive changes related to increasing of transparency... →

DRA signs coal preparation plant deal with Exxaro

26th January 2018 Global engineering firm DRA has secured a contract with Exxaro Coal Mpumalanga, a subsidiary of JSE-listed Exxaro Resources, to build a 500 t/h coal handling and preparation plant (CHPP), in Belfast, Mpumalanga. The CHPP will comprise primary and secondary sizing stations, an overland conveyor,... →

Automation will threaten jobs, but could also open up new prospects

26th January 2018 While the automated economy is often seen as a threat to many of today’s jobs, ManpowerGroup South Africa MD Lyndy van den Barselaar notes that it will open up employment opportunities for those with the right skillsets, as the digital transformation continues to change the way we work. “While it... →

Programme aims to build waste-recycling entrepreneurs

26th January 2018 The Western Cape Industrial Symbiosis Programme (WISP) is recruiting candidates for an enterprise development programme that will result in the establishment of businesses in the province to make use of certain waste streams to create new products. Through the programme, WISP aims to divert waste... →

Boosting waste management through enterprise support

26th January 2018 The Department of Environmental Affairs (DEA) has opened a request for proposals to receive comprehensive business plans and project proposals from start-up or emerging waste management and recycling companies requiring development or support from the department’s recycling enterprises support... →

Dell to recycle gold from ewaste from discarded motherboards

26th January 2018 Technology company Dell is piloting a project to recover gold from used electronics for use in new computer motherboards and jewellery. Dell has partnered with Wistron GreenTech, which uses an environmentally responsible extraction process to break the used electronics down into individual... →

Business more confident as political developments change landscape

26th January 2018 Business sentiment in South Africa showed yet another month-on-month improvement, with the South African Chamber of Commerce and Industry (Sacci) reporting a 1.3 index point uptick in its Business Confidence Index (BCI) for December. The index now stood at 96.4, following on the improved business... →

Tender issued for Rustenburg water treatment expansion

26th January 2018 The Rustenburg Water Services Trust has invited companies to tender for the mechanical and electrical works for the upgrade of the Bospoort Water Treatment Works (WTW). As implementing agent for the Rustenburg local municipality, the trust is seeking bids from suitably qualified and experienced... →

New construction industry deals designed to meet transformation commitments

26th January 2018 In a move that will see local construction companies further honour their agreements with government to ensure inclusivity for black contractors in the South African construction sector, the Competition Commission has recommended a number of merger deals to the Competition Tribunal for approval.... →

Revised mine plan for Liqhobong

26th January 2018 Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow in the short term, while resolving issues that affect the value of recovered diamonds. Diamonds... →

Avesoro well-positioned to increase production levels, continue exploration

24th January 2018 Dual-listed Avesoro Resources expects to produce between 220 000 oz and 240 000 oz of gold this year, a 25% year-on-year increase, as significant additional ounces delineated by drilling along strike from current mining operations at the Youga gold mine, in Burkina Faso, would be added. The West... →

Endeavour Mining upbeat about 2018 prospects

24th January 2018 TSX-listed gold producer Endeavour Mining has achieved full-year guidance across its operations, on the back of a strong fourth quarter. During the three months to December, group production increased by 38% over the previous quarter to 204 000 oz, while all-in sustaining costs (AISC) declined by... →

Wescoal positive about future with Keaton contribution

24th January 2018 Junior coal miner Wescoal Holdings on Wednesday said the Keaton Coal integration programme was at an advanced stage and progressing according to plan, with personnel redeployments and overhead reductions having been completed. "Several identified improvement and efficiency projects have been... →

Wescoal CEO Waheed Sulaiman

Polymetal expects to build on strong 2017 production as Kyzyl comes on line

24th January 2018 LSE-listed Polymetal on Wednesday reported that it had produced 405 000 oz of gold equivalent (GE) from its operations in the fourth quarter, an 8% increase over the same period in the previous year. Total GE production for the full year increased 13% year-on-year to 1.43-million, 2% above its... →

Ironbark raises $6m to further develop Greenland project

24th January 2018 ASX-listed Ironbark Zinc has completed a book build for a placement to institutional and sophisticated professional investors to raise up to $6-million at an issue price of $0.062 apiece. The placement will include the issue of up to 96.77-million new shares, pursuant to the company's capacity. →

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