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Megan van Wyngaardt

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Strong H1 performance motivates Universal Coal to declare a mid-year dividend

5th March 2018 Given the solid financial performance in the six months to December 31, ASX-listed Universal Coal has taken the decision to reward shareholders, declaring an interim dividend of A$0.01 a share unfranked. This came on the back of net profit after tax having increased substantially to... 

Mondi FY17 profit rises 4% to €1bn

2nd March 2018 Packaging giant Mondi on Friday reported a 4% year-on-year increase in underlying operating profit to €1.01-billion for the year ended December 31, benefitting from good demand and higher average selling prices across most of its businesses. "Our continuous drive for operational performance... 

Bacanora eyes midyear construction start at Sonora

2nd March 2018 Dual-listed lithium exploration and development company Bacanora Minerals on Friday said it was keen to start the construction of a 35 000 t/y mine and processing plant at its Sonora project, in Mexico, in the first half of this year, with a view to achieving first production in the first quarter... 

Azure exploration returns strong zinc, lead anomolies

2nd March 2018 ASX-listed Azure Minerals' regional exploration programme over the western half of the Oposura project area, near Hermosillo, Mexico, has identified areas of strong zinc and lead anomalism and high-grade gold, silver and base metals mineralisation on the Mina Blanca Ranch prospect. The company is... 

Mastermyne secures early contractor involvement at proposed Isaac Plains development

2nd March 2018 ASX-listed Mastermyne Group has been selected as a contract partner for an early contractor involvement (ECI) process for ASX-listed Stanmore Coal's proposed Isaac Plains underground mine. The ECI process will see the company working with Stanmore to undertake a bankable feasibility study, which... 

Improved H2 sees Grange record stable FY17 profit

2nd March 2018 ASX-listed Grange Resources' profit after-tax reached $60.7-million for the year ended December 31, despite a combination of iron-ore market uncertainty and operational difficulties experienced in the first half of the year. The company's operations were restored back to full production in the... 

Perseus still looking at merits of an LSE listing

2nd March 2018 Dual-listed Perseus Mining on Friday said it was still examining the merits of listing on the LSE, on top of its ASX and the TSX listings. In view of that, the miner has decided to extend the settlement arrangement for investors from its scheme of arrangement with Amara Mining to hold depositary... 

ACCC proposes joint gas marketing in Northern Territory

2nd March 2018 The Australian Competition and Consumer Commission (ACCC) has released a draft determination proposing to authorise joint gas marketing arrangements between joint venture partners ASX-listed Central Petroleum and Macquarie Mereenie for their Mereenie oil- and gasfield, located in the Amadeus... 

Fortescue secures $500m through bond offering

2nd March 2018 Australian iron-ore miner Fortescue Metals Group (FMG) has raised $500-million through offering 5.25% senior unsecured notes, due 2025. FMG CFO Ian Wells on Friday noted that the completion of the offering was a step in the transition from an all-asset secured capital structure to one which... 

Lithium Australia secures A$18m loan

2nd March 2018 ASX-listed Lithium Australia (LIT) has secured an A$18.27-million convertible note facility from US institutional investor Arena Investors. "Lithium Australia has previously announced our intention to proceed with the large-scale Sileach pilot plant programme and to recommission the Very Small... 

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