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Samantha Herbst

Samantha Herbst

Samantha Herbst is a deputy editor for Creamer Media's online department.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Connemara appoints new CEO

14th August 2017 Aim-listed Irish exploration company Connemara Mining has appointed Patrick Cullen its new CEO, effective from Monday.   Cullen boasts over 20 years of experience in the mining and exploration sector, most recently as a director of UK-based mining and metals company Kodal Norway. He was also... 

Strong financials keep Polyus on track to meet production guidance

14th August 2017 Following positive operational and financial progress during the first half of 2017, London- and Moscow-listed Polyus remains on track to meet its full-year production guidance of between 2.08-million ounces and 2.13-million ounces. 

Polyus delivers solid H1 operational results

11th August 2017 Continuing to build on its position as a low-cost gold producer with a clear growth strategy, Russia-based Polyus delivered consistent production in the half year ended June 30, achieving a 12% year-on-year increase to 938 000 oz. The company – Russia’s largest gold producer – attributed this... 

Majozi Bros, Hire-It join forces to create one-of-a-kind black-owned JV

10th August 2017 Durban-based Majozi Brothers Construction has joined forces with tool hire and sales company Hire-It to establish a new Level 2 broad-based black economic-empowerment (BBBEE) joint venture (JV) company – Majozi Bros Tool Hire & Sales. The new JV, which is 51% owned by Majozi Brothers and 49%... 

Vista Gold sees Q2 net loss of $2.7-million

8th August 2017 TSX- and NYSE-listed gold project developer Vista Gold Corp saw a net loss of $2.7-million, or $0.03 a share, for the three months ended June 30. This included $2.2-million of net operating expenses and an unrealised $0.5-million mark-to-market loss on the company’s investment in gold explorer... 

Mantos acquires Rio Tinto's shares in Mason Resources

7th August 2017 Pursuant to a share purchase agreement with diversified mining major Rio Tinto subsidiary Rio Tinto Holdings, and Canadian mineral exploration and development company Turquoise Hill Resources, Bermuda-based Mantos Copper will acquire about 13-million shares in copper development company Mason... 

Record production, lower costs drive significant gains for Alamos

4th August 2017 TSX- and NYSE-listed midtier gold miner Alamos Gold made significant gains in the second quarter ended June 30, with record production and lower costs driving the highest combined free cash flow in years from the company’s operations. Alamos produced a quarterly record 105 900 oz at cost of sales... 

Taseko capitalises on rising copper prices, builds on 2016 success

3rd August 2017 Building on its successes from 2016 and using the first half of 2017 to capitalise on rising copper prices, TSX- and NYSE-listed Taseko Mines has, over the past nine months, generated $192-million of cash flow from operations as well as $147-million in earnings from its mining operations, before... 

After successful Q2, Kinross on track to meet 2017 production, sales guidance

3rd August 2017 After a strong second quarter with consistent operational results, Canadian gold major Kinross Gold remains on track to meet its yearly production guidance of between 2.5-million and 2.7-million gold equivalent ounces and a production cost of sales guidance of between $660 and $720 per gold... 

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

2nd August 2017 TSX-listed explorer Fission Uranium has intersected the widest mineralisation and some of the strongest radioactivity to date at its Patterson Lake South property in Canada’s Athabasca basin, following the results of an additional two holes drilled to test the recently discovered, land-based... 

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