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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Pan African expects to report higher full-year HEPS, EPS

1st September 2020 Gold miner Pan African Resources expects to report an 87% to 97% increase in headline earnings per share (HEPS) for the year ended June 30. The company expects to report HEPS of between $0.223 and $0.235. 

Employee dies in accident at Kenmare’s Moma mine

1st September 2020 An employee died in an accident at mineral sands miner Kenmare Resources' Moma titanium minerals mine in northern Mozambique on August 31. Initial investigations found that the employee, a front-end loader operator, suffered a fatal crush injury during the night shift at wet concentrator plant... 

Gem recovers high-quality 233 ct diamond at Letšeng

1st September 2020 LSE-listed Gem Diamonds has recovered a high-quality 233 ct Type II white diamond from its 70%-owned Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This follows the recent recovery of a high-quality 442 ct Type II diamond, one of the world's largest... 

BlueRock values 12ct diamond at $104 000

1st September 2020 Aim-listed BlueRock Diamonds says a 12.12 ct diamond recovered at its Kareevlei mine, near Kimberley, in South Africa, in July has been valued at $104 000. "This is our fifth diamond recovered with a value of above $100 000.  

HomeChoice reports solid interim performance

31st August 2020 Home-shopping retailer HomeChoice says its results for the six months ended June 30 are a reflection of the impact of the Covid-19 lockdowns, as well as pleasing outcomes from its decisive response to the pandemic. It notes that it consciously cut back loan disbursements by R400-million to... 

Sea Harvest records stable interim results in face of pandemic

31st August 2020 JSE-listed Sea Harvest Group reported a stable set of interim results for the six month ended June 30, with a 7% increase in revenue to R2-billion and headline earnings a share of 61c, in line with the prior interim period. The group says this was achieved despite the worst pandemic in over a... 

Rig platform vessel arrives in Mossel Bay for gas drilling expedition

31st August 2020 Rig platform, the Deepsea Stavanger, arrived in Mossel Bay on August 21 ahead of its deployment to the Outeniqua Basin where it is scheduled to work on the next phase of the Luiperdpadda project. The basin is situated off the coast of Mossel Bay, where energy giant Total discovered gas condensate... 

Hudaco settles legal proceedings

31st August 2020 JSE-listed Hudaco has agreed to settle its legal proceedings against Bravura Equity Services (BES), Cadiz Holdings and certain other entities in the BES and Cadiz groups, as well as certain BES executives and former executives of Cadiz. This is in exchange for the payment of R35-million on... 

High prices, merger activity to spur global gold production growth, says Fitch Solutions

28th August 2020 Global gold mine production growth will rebound in the coming years, underpinned by higher prices and mergers between major mining firms, a new report by Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group states. The report notes that major mergers among global miners and... 

IDC expresses outrage over separation packages paid to former Sasol CEOs

28th August 2020 The Industrial Development Corporation (IDC) says that, as one of the largest institutional shareholders in energy and chemicals group Sasol, it is “outraged” with the manner in which the Sasol board failed to adequately consult shareholders on the separation packages of the former joint CEOs and... 

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