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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

Orion Minerals increases capital raising by $1.3m

14th November 2019 Dual-listed base metals developer Orion Minerals has increased its share placement to sophisticated and professional investors to $7.7-million, from the $6.4-million originally announced on October 25. The company has now placed about 308-million fully paid ordinary shares at $0.025 apiece.  

New Russian mine drives Nordgold’s third-quarter output higher

13th November 2019 Gold producer Nordgold, which has mining operations in Africa, Eurasia and the Americas, produced 288 900 oz in the third quarter, while the average realised gold price was $1 474/oz. Production was 27% higher year-on-year and 12% higher quarter-on-quarter.  

Caledonia experiences highs and lows in third quarter

13th November 2019 TSX-, NYSE- and Aim-listed Caledonia Mining says its earnings for the third quarter were positively impacted on by significant currency devaluations, which realised foreign exchange gains, during the quarter ended September. The company achieved basic earnings per share (EPS) of 61.1c, compared... 

Harmony achieves higher price, but lower production in the first quarter

13th November 2019 JSE- and NYSE-listed Harmony Gold produced 361 085 oz of gold in the quarter ended September 30 – the first quarter of its 2020 financial year. This was lower than the 378 510 oz produced in the quarter ended September 30, 2018, but 2% higher than the 355 620 oz produced in the quarter ended... 

SAWEA appoints three new board members

13th November 2019 The South African Wind Energy Association (SAWEA) on Wednesday announced the appointment of three new members – Mark Tanton, Dhesen Moodley and Toni Beukes – to its board of governance. The existing members are Tobias Niemz, Katherine Persson, CEO Ntombifuthi Ntuli and Mercia Grimbeek.  

De Beers reports improved rough diamond buyer sentiment

13th November 2019 Diamond miner De Beers’ rough diamond sales value for the ninth sales cycle of this year increased to $390-million, compared with the $297-million reported for the eighth sales cycle. Sales were, however, lower than the $442-million recorded for the ninth sales cycle of 2018.  

SA Reit’s new best practice recommendations to take effect in Jan

13th November 2019 Industry association SA Real Estate Investment Trust (SA Reit) on Wednesday published the second edition of its Best Practice Recommendations (BPR), which will take effect on January 1, 2020. The new BPR replaces the first edition and now introduces an internationally recognised performance... 

MEC praises successes, progressing expansions at Dube TradePort

13th November 2019 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has praised the Dube TradePort Special Economic Zone (SEZ) after the entity received the United Nations (UN) Investment Promotion Award, in Geneva recently. From about 29 SEZ entries across the world,... 

Mergence acquires controlling stake in Lasercraft

13th November 2019 Laser cutting company Lasercraft has completed a shareholder transaction with black-owned Mergence Group, enabling the company to obtain a Level 2 black economic empowerment rating. The transaction will provide the necessary capital for Lasercraft to continually invest in metal laser cutting,... 

Scopa threatens action against SAA over failure to submit financial statements

13th November 2019 State-owned South African Airways (SAA) has failed to comply with the law by failing to submit yearly financial statements for two consecutive years – 2017/18 and 2018/19. The Standing Committee on Public Accounts (Scopa) on Wednesday said in a statement that it did not accept the assertion by... 

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