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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

Agbaja trial mining progresses, albeit slowly

30th July 2020 ASX-listed Kogi Iron says it has continued with reduced activities in Nigeria throughout June and July, owing to limited interstate and international travel. Trial iron-ore mining at the company’s Agbaja project is also only progressing slowly owing to heavy rains and travel restrictions.  

Higher prices offset lower sales volumes for Gem in first-half

30th July 2020 London-listed Gem Diamonds CEO Clifford Elphick says the company’s positive sales made during the six months ended June 30 demonstrated the resilience of its large diamonds during a global crisis and continued demand for high-quality diamonds. The impact of Covid-19 on the tender process for... 

Sappi posts $73m quarterly loss as pandemic impacts on graphic paper, pulp markets

30th July 2020 Previously weak graphic paper and dissolving pulp (DP) markets were further affected during the quarter ended June 30 by significant declines in demand and lower sales prices as a result of Covid-19, says JSE-listed woodfibre company Sappi. CEO Steve Binnie says the overall economic effect of... 

L2D becomes first local shopping centre owner with international Covid-19 safety compliance

30th July 2020 JSE-listed real estate investment trust Liberty Two Degrees (L2D) has become the first shopping centre owner in South Africa to receive the Covid-19 Compliant certification from SAFE Shopping Centres. The independent Swedish certification body SAFE Shopping Centres has audited and certified the... 

Tanzanian Gold Corporation draws down $4m from financing facility

29th July 2020 NYSE- and TSX-listed Tanzanian Gold Corporation (TGC) has drawn down an initial $4-million in funding from a $14-million unsecured convertible debenture it has with institutional investors Riverfort Global Opportunities and a hedge fund of Yorkville Advisors Global called YA II PN. The drawn... 

Pensana appoints SI Capital as stockbroker

29th July 2020 London-listed Pensana Rare Earths has engaged fellow-listed SI Capital as a stockbroker to present the Pensana investment case to its high net worth clients who are continuing to increase their holdings in the company. SI Capital is a specialist, full service stockbroker based in Surrey and... 

Burger King South Africa deal re-negotiated on lower enterprise value terms

29th July 2020 Listed empowerment group Grand Parade Investments has had to renegotiate the terms of its agreement to sell its interest in Burger King South Africa and Grand Foods Meat Plant to private equity group Emerging Capital Partners. The decision to renegotiate the deal was owing to Covid-19 and the... 

AECI still turns healthy profit, dividend owing to a robust response plan

29th July 2020 JSE-listed chemicals group AECI has declared a gross interim cash dividend of 100c apiece for the six months ended June 30, owing to its well managed cash resources and despite the negative effects of Covid-19. The negative impact of Covid-19 on the company, in the six months under review, was... 

Sasol to sell world's biggest oxygen production site to Air Liquide

29th July 2020 JSE-listed petrochemicals company Sasol has signed a negotiation agreement with industrial gas company Air Liquide for the sale of Sasol South Africa’s 16 air separation units (ASUs), in Secunda. The ASUs, with a 42 000 t/d capacity, provides oxygen for Sasol’s fuels and chemical production... 

IHS maintains pre-Covid projections for Canadian oil sands output

28th July 2020 Canadian oil sands production is expected to decline by nearly 175 000 bbl/d this year as a result of Covid-19, which will be the largest annual decline on record, says global analytics company IHS Markit. It forecasts that the longer-term trajectory of oil sands production, however, is expected... 

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