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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

PIC directors will remain until a new board is appointed

5th February 2019 Public Investment Corporation (PIC) corporate affairs head Dean Botha on Tuesday confirmed that the organisation’s board of directors remains in place. This follows after the nonexecutive members of the PIC board on February 1 requested Finance Minister Tito Mboweni release them as directors.  

Subdued construction activity, higher imports cut PPC's sales volumes

5th February 2019 JSE-listed cement producer PPC has reported difficult trading conditions for the nine months to December 31, 2018, with cement volumes down between 2% and 3%, against a backdrop of estimated market contraction of between 4% and 5%. The company said an uncharacteristically weak December retail... 

Thor envisions Nigeria gold mine construction to start in Q2

5th February 2019 Canadian junior Thor Exploration’s definitive feasibility study (DFS) at its Segolila gold project, in Nigeria, envisions a construction start date in the second quarter of the year and an 18-month construction period, for an initial five-year mine life. The company is proceeding with... 

Hudson starts calcium feldspar production in Greenland

5th February 2019 TSX-V-listed Hudson has started production ramp-up at its wholly owned White Mountain anorthosite calcium feldspar mine, in Greenland. Leading up to the ramp-up, the company completed the testing of all major equipment components, finding that all equipment was performing as expected, except... 

Improved operational performance, prices drive Amplats’ FY18 earnings higher

5th February 2019 Anglo American Platinum (Amplats) expects to report basic earnings of R6.5-billion for the year ended December 31 – a 289% increase on basic earnings reported for 2017. This translates to basic earnings a share of R25, compared with the R7.41 a share reported for 2017.  

Omnia group FD Wayne Koonin resigns

4th February 2019 JSE-listed Omnia Holdings on Monday announced that group FD Wayne Koonin had resigned to pursue other interests. He will step down on March 31.  

Barrick partners with junior to explore Guiana Shield

4th February 2019 Canadian explorer Reunion Gold has formed a strategic alliance with gold major Barrick Gold to jointly explore and develop prospects in South America’s Guiana Shield. Concurrently, TSX- and NYSE-listed Barrick will increase its interest in TSX-V-listed Reunion to 19.9%, from 15%, for 35-million... 

Hudaco maintains FY18 dividend despite economic headwinds

1st February 2019 JSE-listed engineering consumables supplier Hudaco Industries maintained its final dividend for 2018 at 380c apiece, despite having experienced an “especially challenging” year. The company reported a 3% year-on-year decrease in operating profit to R655-million.  

Group Five appoints interim CEO following Solomon Mosai’s resignation

1st February 2019 JSE-listed Group Five has appointed nonexecutive director Dr Thabo Kgogo interim CEO effective February 1, following Solomon Themba Mosai’s resignation, which was effective January 31. Mosai was employed by Group Five for 15 years. He was appointed interim CEO in March 2018 and as CEO in May... 

DEA to appoint sulphur dioxide emissions expert panel

1st February 2019 Environmental Affairs Minister Nomvula Mokonyane will appoint a panel of experts to provide strategic and technical guidance on the effective management of sulphur dioxide from old and existing power generation plants. The decision to appoint a panel comes as a result of the challenges faced by... 

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