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Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Mining production increases 2.8% y/y in June

14th August 2018 Mining production increased by 2.8% year-on-year in June, from a 1.8% decline in May, with the largest positive contributor being platinum group metals (PGMs), which rose by 28.2% and contributed 5.9 percentage points, says Statistics South Africa (Stats SA). Other positive contributors were... 

City of Joburg makes 71 inner city properties available for private sector development

14th August 2018 Johannesburg executive mayor Herman Mashaba has declared Johannesburg’s inner city open for business by putting 71 properties out to tender for private sector development into mixed-income housing, student accommodation and small business rental space. This forms part of City of Joburg’s inner... 

Premier African Minerals’ RHA tungsten mine almost back to production

13th August 2018 Aim-listed Premier African Minerals is fast progressing towards bringing its RHA tungsten mine, in Zimbabwe, back into production in the coming weeks. Operations were halted towards the end of last year amid cash flow constraints.  

Ivanhoe advances projects in ‘productive’ Q2

13th August 2018 Canadian miner Ivanhoe Mines had a productive second quarter ended June 30, with underground development at the planned initial copper mine at Kakula, in the Democratic Republic of Congo (DRC), making steady progress. The mine is expected to reach the high-grade copper mineralisation later this... 

McEwen closes $50m three-year loan

13th August 2018 NYSE- and TSX-listed precious metals producer McEwen Mining has closed its previously announced $50-million senior secured three-year loan facility with Royal Capital Management Corporation. Owner and chairperson Rob McEwen is participating as a lender for $25-million of the total loan.  

Lithium-ion batteries, energy storage on strong demand growth trajectory

13th August 2018 The automotive industry’s use of lithium-ion batteries is on track to grow seven-fold to 650 GWh by 2025, from 70 GWh in 2017; the increase in energy storage, although from a lower base, will add to this, says specialist international publisher Metal Bulletin. It adds that the electrification of... 

Mustang to raise A$2.4m in private placement

13th August 2018 ASX-listed Mustang Resources will raise about A$2.4-million through a private placement to advance its Caula vanadium/graphite project, in Mozambique, and for general working capital. Of this amount, A$2.18-million will be raised through the issue of about 158.6-million shares at $0.01374 apiece.  

Water dept to prioritise SRSS as part of improving state of Vaal river

13th August 2018 The Department of Water and Sanitation (DWS) has assured that it, together with Rand Water, the Gauteng provincial government, and the Sedibeng district and Emfuleni local municipalities are working towards improving the state of the Vaal river and the Vaal dam. Rand Water stated that reports... 

Eskom prices oversubscribed $1.5bn notes offering

13th August 2018 State-owned power utility Eskom has successfully priced a two-tranche ten-year $1.5-billion global bond, under its $4-billion global medium-term note programme, following a series of investor meetings held by the utility, the Department of Public Enterprises, and Europe and US National... 

Imperial to repurchase preference shares at R85 apiece

13th August 2018 JSE-listed Imperial Holdings is offering to repurchase its preference shares for R85.53 a share, which is a 29% premium to Friday’s closing price of R64.29. The company on Monday stated that the offer price values the preference shares at R83, with an accrued dividend of R2.53 since June.  

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