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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

Preferred bidder for Koornfontein coal mine selected

8th November 2019 Junior miner Black Royalty Minerals (BRM), a subsidiary of the Makole Group, has been selected as the preferred bidder to acquire the Koornfontein coal mine, in Mpumalanga. The transaction includes the mine’s port allocation at the Richards Bay Coal Terminal.  

Goldplat returns to profitability on back of higher output, gold price

8th November 2019 Aim-listed gold recovery company Goldplat has turned a profit in the quarter ended September 30 – the first time it has posted a profit since June 2018. The company reported a loss of £501 000 for the 2019 financial year ended June 30; however, a higher gold price and increased production has... 

AngloGold’s free cash flow 156% higher in September quarter

8th November 2019 JSE- and NYSE-listed AngloGold Ashanti achieved a 156% year-on-year increase in free cash flow to $87-million for the third quarter ended September 30. This was, however, offset by higher capital expenditure and operating costs and lower gold sales.  

Mining companies, WEF in responsible sourcing partnership

8th November 2019 Seven mining and metals companies have partnered with the World Economic Forum (WEF) to support the responsible sourcing of raw materials using blockchain technology. The Mining and Metals Blockchain Initiative was founded by diversified miners Antofagasta Minerals, Eurasian Resources Group... 

Competition Commission appoints M&A manager

7th November 2019 The Competition Commission has appointed Tamara Paremoer divisional manager of mergers and acquisitions (M&A), effective November 1. She was acting divisional manager from July.  

Bushveld finalises Vanchem acquisition, on track with yearly guidance

7th November 2019 Aim-listed vanadium producer Bushveld Minerals on Thursday announced that all outstanding conditions to the Vanchem and Ivanti acquisition had been fulfilled, effecting the $53.5-million transaction. Bushveld Minerals acquired the Vanchem plant from Vanchem Vanadium Products (VVP) – a... 

PPC’s shares fall as ‘hyperinflationary’ Zim environment drags down earnings

7th November 2019 The JSE-listed shares of cement producer PPC fell by nearly 17% on Thursday morning as the company warned of lower earnings for the six months ended September 30, mainly as a result of the hyperinflationary environment in Zimbabwe. PPC expects its basic earnings per share (BEPS) to decrease by... 

Five property companies among top ten empowered in South Africa

7th November 2019 South Africa’s real estate investment trusts (Reits) have achieved impressive records in driving transformation and best practice aligned with the Property Sector Charter, says industry organisation SA Reit Association. Five Reits – Arrowhead Properties, Redefine Properties, Growthpoint... 

Madagascar suspends Base’s project pending talks, DFS on track for December

7th November 2019 ASX- and Aim-listed mineral sands producer Base Resources on Thursday announced that some activity at its Toliara project had been suspended by the government of Madagascar, pending the finalisation of discussions on fiscal terms applying to the project. Base confirmed that the suspension... 

Power Africa delivers access to power for 70m people

7th November 2019 Multi-stakeholder power initiative Power Africa has so far enabled access to electricity for nearly 70-million people in sub-Saharan Africa through 14.8-million home and business connections. As of July, 56 of Power Africa’s 124 financially closed projects were commissioned, delivering 3 486 MW... 

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