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Samantha Herbst

Samantha Herbst

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

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Email: newsdesk@engineeringnews.co.za

Sherritt’s second-quarter net loss per share widens by 119%

26th July 2016 As nickel prices remained under pressure in the three months to June 30, with reference prices averaging $4/lb, TSX-listed diversified miner Sherritt International has reported a 119% wider net loss a share from continuing operations in the second quarter, which translates to a 44% wider net loss... 

Kootenay to proceed with 3 000 m drilling programme at La Cigarra

22nd July 2016 With drill permits now in place, preparations for the 3 000 m drilling programme at Canadian explorer Kootenay’s 100%-owned La Cigarra silver project, in Chihuahua State, Mexico, are well under way, with expectations that drilling will commence on or by August 1. The TSX-V-listed company noted on... 

Anglo Pacific’s H1 sales beat previously guided range by about 20%

22nd July 2016 Half-year sales from dual-listed royalty company Anglo Pacific Group’s private royalty lands are expected to be in the range of 35% to 40%, the group announced earlier this week, after receiving notification from British-Australian multinational Rio Tinto of the invoiced payable tons for the... 

Asanko delivers strong second quarter in first production phase

21st July 2016 TSX-listed midtier gold miner Asanko Gold’s eponymous mine, in Ghana, West Africa, delivered a strong second quarter in the three months to June 30, achieving commercial production a quarter ahead of schedule and gold production of 36 337 oz, in line with the company’s guidance of between 35 000... 

Development activities under way at Lithium X’s Salta de los Angeles project

21st July 2016 Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO and Andres Barrientos as project GM. The lithium development company has initiated several pump... 

Danakali to supply 200 000 t potash to potential offtakers

20th July 2016 Potash developer Danakali has signed several nonbinding memoranda of understanding (MoUs) with potential offtakers for the supply of 200 000 t/y potassium magnesium sulphate (SOP-M), which represents the second premium, choride-free multinutrient potash type from Danakali’s Colluli resource,... 

Magnetite inks letter of intent with Chinese steelmaker

18th July 2016 ASX-listed Magnetite Mines and Lodestone Equities are collaborating with Shandong Iron and Steel Group, to develop the magnetite resources of South Australia’s Mawson iron province, following a non-binding letter of intent (LoI) signed on Friday. Shandong currently produces 22-million tonnes a... 

Aguia advances Três Estradas phosphate project

18th July 2016 Based on a positive resource update reaffirming the potential value of its flagship Três Estradas phosphate deposit, in southern Brazil, ASX-listed fertiliser developer Aguia Resources has confirmed its intention to commence with a bankable feasibility study (BFS) once additional project... 

With necessary approvals received, Metals X’s Aditya takeover now under way

18th July 2016 Having received the necessary approvals from the Reserve Bank of India, aluminium manufacturer Hindalco Industries, the largest shareholder in ASX-listed takeover target Aditya Birla Minerals (ABM), is now in a position to accept an increased offer from diversified junior Metals X for the... 

Iata inks MoU with African Union Commission

14th July 2016 The International Air Transport Association (Iata) has signed a memorandum of understanding (MoU) with the African Union (AU) Commission to expand strategic cooperation and further the continent’s economic and social development, through the benefits of safe, efficient and sustainable air... 

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