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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

With IMF loan granted, govt has a chance to embed pro-growth economic reforms

28th July 2020 North West University Business School economist Professor Raymond Parsons says the timing of the International Monetary Fund’s (IMF’s) loan to South Africa again emphasises the extent to which the country has reached a defining fork in the road in dealing with challenges and that a clear sense of... 

Kefi on track to finalise Tulu Kapi financing by October, MRE for Hawiah next month

28th July 2020 Aim-listed Kefi Minerals continues to progress talks with Ethiopian investors and international specialist mining financiers, with the aim of securing project equity ahead of closing the full financing package for the Tulu Kapi gold project, in Ethiopia, by October. The company remains focused... 

Goldplat reports higher full-year profit despite Covid-19 impacts

28th July 2020 Aim-listed Goldplat’s South African gold recovery operations posted a profit of £2-million for the fourth quarter ended June 30, despite 25 production days being lost owing to the Covid-19 lockdown. This brought profit for the full year for the company to £5.51-million, compared with a profit... 

NMP awaits court judgment on Sandpiper marine phosphate project

28th July 2020 Emerging marine phosphate miner Namibian Marine Phosphate (NMP) reports that a review application launched by the Confederation of Namibian Fisheries Associations and three other applicants was heard in the High Court of Namibia on July 7. NMP’s shareholders, legal counsel and management are... 

Golden Star sells Bogoso-Prestea project to newly established Future Global Resources

28th July 2020 NYSE- and TSX-listed Golden Star Resources has entered into a binding agreement with Future Global Resources (FGR) for the sale of Golden Star’s 90% interest in the Bogoso-Prestea gold mine, in Ghana. FGR will pay a purchase price of $55-million with a further contingent component of up to... 

Karnalyte tasks MNP to consider strategic options, review Proteos feasibility

28th July 2020 TSX-listed Karnalyte Resources has engaged Canadian accountancy and business advisory MNP to advise the board on its long-term strategic direction. The board initiated a strategic review process to evaluate a range of potential strategic alternatives available to it, including the evaluation of... 

Junior diamond miners can again be catalysts for mining sector growth, says Sadpo

28th July 2020 South Africa lacks a healthy junior exploration and mining sector, when it could be a catalyst for growth and transformation in the sector, says the South African Diamond Producers Organisation (Sadpo). For example, the discovery of alluvial diamonds in the unique secondary deposits of the... 

PIC lifts stake in Sibanye to 15%

27th July 2020 State-owned fund manager, the Public Investment Corporation (PIC) has increased its shareholding in NYSE- and JSE-listed precious metals miner Sibanye-Stillwater from 10.0031% to 15.024%. The PIC had in October last year increased its stake in the mining company from 9.3%. 

Pensana appoints Paradigm to consultancy arsenal

27th July 2020 LSE- and ASX-listed Pensana Rare Earths has appointed Paradigm Project Management to oversee the Longonjo rare earths project in Angola. Pensana says the company brings an Afri-centric engineering capacity to the team and will help coordinate the bankable feasibility (BFS) study for the project.  

Covid-19 slashes Sylvania's fourth-quarter production, profit

27th July 2020 London-listed Sylvania has successfully ramped up to full capacity at its Sylvania Dump Operations (SDO), following a hard lockdown and subsequent ramping up process in South Africa, in the quarter ended June 30. The company only produced 9 055 oz of platinum, palladium, rhodium and gold (4E)... 

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