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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

Government, President alienating South Africans – BLSA

27th July 2020 Business Leadership South Africa (BLSA) CEO Busi Mavuso says there is a sense that government is too easily bent by powerful lobbies instead of acting clearly in the best interest of all people. In a weekly newsletter, published on Monday, she expresses her concern that South Africans are... 

L2D remains focused on adapting to changing retail landscape

27th July 2020 JSE-listed real estate investment trust Liberty Two Degrees (L2D) in its results for the six months ended June reports that despite recording only 55% of the average footcount that was recorded in the six months ended June 30, 2019, July has started to see recovery to just over 60%. CEO Amelia... 

Departments will have to submit productivity assessments from next year

24th July 2020 The Department of Public Service and Administration (DPSA) has confirmed that all government departments will be legally mandated to submit productivity assessment reports from the end of March 2021. The reports will be assessed according to a tool developed by DPSA, which was approved by the... 

Octodec reviewing distribution policy, expects lower full-year distributions

24th July 2020 Given ongoing uncertainty around the future impact of Covid-19 on the economy and JSE-listed Octodec’s future financial performance, the company expects that its distributable earnings for the financial year ending August 31 will be at least 15% lower year-on-year. The company reported... 

Harmony reports fatality at Bambanani

24th July 2020 JSE-listed Harmony Gold has advised that one of its employees has died after incurring injuries in a mine-related accident, at the Bambanani mine, in Welkom. The company is investigating the incident, while continuing to reinforce safety across all its operations. 

Sprott invests $15m in Erdene

24th July 2020 TSX-listed Erdene Resource Development Corporation has announced a nonbrokered private placement of about C$20-million, led by a $15-million strategic investment from Canadian businessman Eric Sprott. The funds from the financing will be used to initiate early construction works at the Bayan... 

Chinese gold demand to remain strong despite pace of economic recovery

24th July 2020 Gold has received more investment than all other major Chinese asset classes in the first half of this year, says the World Gold Council (WGC). In a WGC blog post, research manager Ray Jia says gold demand in China, particularly investment demand, has benefited from rising concerns about the... 

Majority of IPPs said to agree to refinancing initiative

24th July 2020 A representative from the Department of Mineral Resources and Energy's (DMRE's) Independent Power Producer (IPP) Office has confirmed that 70% of South Africa’s 64 IPPs have indicated they will participate in the department’s renewable energy project refinancing initiative. DMRE infrastructure... 

Six Canadian miners among PwC Top 40 list

23rd July 2020 Six Canadian mining companies have made the global top 40 list, reporting a net profit margin of 19%, compared with an average of 9% for world's 40 biggest miners, consultancy PricewaterhouseCoopers (PwC) reports. Gold miners dominate Canada's presence on the list, with four of the Canadian... 

Ivanhoe to publish updated DFS for Platreef project after some metal prices rise

23rd July 2020 Taking into account significant increases in the prices of palladium, rhodium, gold and nickel over the last three years, TSX-listed Ivanhoe Mines has decided to publish an updated definitive feasibility study (DFS) for the Platreef project, along with a preliminary economic assessment, later... 

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