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Marleny Arnoldi

Marleny Arnoldi

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

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Altus shareholders give go ahead for La Mancha deal

19th February 2020 Aim- and TSX-V-listed Altus Strategies on Wednesday said its shareholders had approved all resolutions to effect the proposed strategic investment by mining investment group La Mancha Holding in the company. Altus will issue about 124-million new ordinary shares at a price of C$0.09 apiece to... 

Moody’s expanded gold price range allows for flexibility in credit assessments

19th February 2020 Ratings agency Moody’s has expanded its price sensitivity range for gold, based on supportive factors such as lower-for-longer interest rates and geopolitical uncertainties. Moody’s has increased the higher end of the sensitivity range by $100/oz to $1 400/oz, while the lower end of the range... 

Grand Parade sells off Burger King South Africa and its patty supplier

19th February 2020 JSE-listed Grand Parade Investments has entered into a binding offer to sell all its shares in fast food franchise Burger King South Africa (BKSA) to ECP Africa Fund IV. Grand Parade owns 95.36% of the issued share capital of BKSA.  

AfriTin delivers first shipment to Thai client

18th February 2020 Aim-listed AfriTin Mining has delivered its first tin concentrate shipment of 6 t, grading more than 60%, to Thailand Smelting and Refining Company (TSRC). The concentrate was produced at AfriTin's Phase 1 pilot mining and processing facility, at the Uis mine, in Namibia.A second batch of 20 t of... 

Eastplats achieves first PGM recoveries from tailings project

18th February 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit. The company is using feed from its retreatment project, located at the company’s... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings

18th February 2020 JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy. The company declared a final cash dividend of R15.99 apiece, which, combined with the interim dividend of R30.79... 

Sea Harvest expects higher headline earnings

18th February 2020 JSE-listed Sea Harvest says its South African fishing operation and its Ladismith Cheese operation made solid contributions to the group’s overall financial performance for the year ended December 31. It, therefore, expects headline earnings a share for the year to be between 28% and 37% higher... 

Cape Town energy company to install hybrid solar PV system at Botswana lodge

17th February 2020 Engineering, procurement and construction company 1Energy has been awarded a contract to design and install an energy system at a luxury lodge in Botswana. The hybrid energy system at the Xigera Safari Lodge will comprise a 400 kW solar photovoltaic plant, which will be supported by Tesla... 

Lower chrome prices drag down Merafe’s headline earnings

17th February 2020 JSE-listed Merafe Resources expects to report a basic loss a share of between 52.9c and 58.3c for the year ended December 31. The company also anticipates a headline loss a share of between 2.3c and 2.9c for the year, compared with headline earnings a share of 27.2c for the year ended December... 

Greenpeace confirms activists appeared in court after display at cricket game

17th February 2020 Environmental organisation Greenpeace Africa says ten of its activists appeared in the Pretoria Magistrate’s Court on Monday morning. The activists were arrested on Sunday after running onto the SuperSport Park Stadium cricket pitch, in Centurion, wearing superhero costumes.  

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