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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

South32’s local coal expansion projects progressing to feasibility stage

25th August 2016 While diversified mining major South32’s South Africa-based thermal coal expansion projects are yet to be approved, CEO Graham Kerr remains optimistic about developments at its South Africa Energy Coal operation, noting that both proposed expansion projects are progressing well into the... 

South32 to pay inaugural dividend despite significant revenue drop

25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

Gold price could appreciate once growth in Asia recovers – investment firm

24th August 2016 Asia’s seemingly imminent economic recovery could spark an increase in gold prices, according to investment management firm Allan Gray portfolio manager Sandy McGregor, who connects the gold price decline, which started in 2012, with Asia’s economic woes and its reputation as the world’s biggest... 

CompComm approves AMSA’s R1.5bn settlement proposal

22nd August 2016 The Competition Commission has approved steel producer ArcelorMittal South Africa’s (AMSA’s) proposal to pay R1.5-billion to the commission for its involvement in long steel and scrap metal cartels. This will be the largest competition-related fine ever paid by a single South African entity and... 

2016 engineering awards offer glimpse into South African profession's excellence

18th August 2016 Creamer Media’s Engineering News was among the organisations and individuals recognised at 2016 Engineering Excellence Awards, hosted by Consulting Engineers South Africa (Cesa) and Aon South Africa in Gauteng on Wednesday night. Engineering News received recognition for Publishing Excellence in... 

Outa investigating possibility of class action against Eskom

18th August 2016 The Organisation Undoing Tax Abuse (Outa) will be engaging with various experts to assess the viability of a class action law suit against State-owned Eskom, on behalf of the public, to recoup amounts unlawfully charged by the power utility. This follows the North Gauteng High Court’s decision to... 

Insurance settlement boosts Mount Gibson FY net profit

17th August 2016 Despite significantly lower iron-ore prices and challenging market conditions in the 2015/16 financial year, Western Australian iron-ore miner Mount Gibson has returned to profitability. CEO Jim Beyer attributed its positive full-year results, published on Wednesday, to disciplined cost control,... 

Axiom retracts PFS announcement

16th August 2016 The Australian Stock Exchange (ASX) has requested metals developer Axiom Mining to retract its prefeasibility study (PFS) announcement, published last week, as it does not own the Kolosori prospecting licence. Axiom said in a trading statement on Tuesday that, while it had had ownership of the... 

Vital raises A$1m to step up activities in West Africa, Australia

16th August 2016 ASX-listed junior Vital Metals has raised about A$1-million to advance ongoing gold exploration activities in West Africa, where it recently commenced drilling at its 100%-owned Kollo gold project, in Burkina Faso, to in-fill and extend high-grade gold mineralisation. The proceeds will also be... 

Customers to 'pay premium' for Isabel nickel, according to Axiom PFS

12th August 2016 The prefeasibility study (PFS) of ASX-listed metals developer Axiom Mining’s Isabel nickel project, in the Solomon Islands has indicated that the deposit will be able to produce a consistent saprolite product “for which customers will pay a premium”, unlike other supply sources in the surrounding... 

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