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Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Eight senior Transnet execs issued with precautionary suspension letters

4th February 2019 Eight senior executives at State-owned Transnet have been issued with letters of precautionary suspension resulting from past internal audit and forensic reports that were not implemented by management at Transnet. The decision to issue the precautionary suspensions was taken after no follow-ups... 

Firestone on track to meet FY guidance despite subdued environment

4th February 2019 Aim-listed Firestone Diamonds on Monday reported that it had treated 1.9-million tonnes of ore in the six months to December 31, in line with the company’s full-year guidance of between 3.6-million tonnes and 3.9-million tonnes treated. In a quarterly operations update for its Liqhobong diamond... 

Clover’s shares rise on buyout offer

4th February 2019 Dairy firm Clover Industries’ JSE-listed shares rose by 21% on Monday morning after it announced that it had entered into an implementation agreement with Milco South Africa (SA), which intends to make an offer to acquire all of Clover’s issued shares. Milco SA is a new company formed by a... 

AngloGold expects to report higher FY18 profit

4th February 2019 AngloGold Ashanti expects to report headline earnings a share of between 50c and 54c for the year ended December 31. This is a significant increase compared with the headline earnings a share of 6c reported for the comparative period. 

De Wit resigns as Tsodilo president, COO

1st February 2019 Dr Michiel de Wit will be stepping down as TSX-V-listed Tsodilo Resources president and COO. Dr Alistair Jeffcoate has been appointed as his successor. 

AMSA expects to swing to FY18 profit

1st February 2019 Steel producer ArcelorMittal South Africa (AMSA) expects to report headline earnings a share of 84c to 94c for the year ended December 31. This compares with a headline loss a share of 203c in 2017. 

Next generation of ‘smart lighting’ to be showcased at Taiwan expo

1st February 2019 Energy efficiency is critical to sustaining smart cities, especially amid increasing urbanisation. Subsequently, the lighting industry’s focus seems to have shifted from replaceable lighting to special niche lighting, which includes aspects of smart lighting and the use of light-emitting diodes... 

KfW, IDC sign $80m loan facility for green economy development

31st January 2019 German development bank KfW and the Industrial Development Corporation of South Africa (IDC) on Thursday signed a “milestone agreement” for an $80-million loan facility. KfW executive board member Dr Stefan Peiß and newly appointed IDC CEO TP Nchocho were in attendance to sign the document on... 

Strong vanadium market underpins healthy cash flow for Bushveld

30th January 2019 A strong vanadium market has ensured that Aim-listed Bushveld Minerals’ Vametco operation, which forms part of Bushveld’s vanadium platform, generated healthy cash flow, despite its operational performance falling below expectations during the fourth quarter ended December 31. Even though the... 

South African mining a ‘complex business’ – UFS Vice-Chancellor

30th January 2019 Mining has become a “complex business”, largely as a result of the unique dynamics of stakeholder engagements and expectations, government regulations and the technical and operational imperatives, University of the Free State (UFS) Rector and Vice-Chancellor Professor Francis Petersen states in... 

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