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Tasneem Bulbulia

Tasneem Bulbulia

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

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Parsons warns of possible ‘technical recession’ after first-quarter GDP contraction

4th June 2019 South Africa’s gross domestic product (GDP) is unlikely to grow by more than about 1% this year, North West University Business School economist Professor Raymond Parsons said on Tuesday, following the announcement by Statistics South Africa (Stats SA) that GDP had contracted by 3.2% in the first... 

Organisations call for strong leadership at SAA following CEO’s resignation

3rd June 2019 The South African Airways Pilots Association (Saapa) has expressed concern about reports that outgoing South African Airways (SAA) CEO Vuyani Jarana’s turnaround plan had been “sabotaged internally and externally”. “In the end, the CEO was hobbled by inflexible and restrictive government policy,... 

Companies merge into Sola Group to meet renewable energy demand

3rd June 2019 Aurora Power Solutions and Sola Future Energy are combining forces to form Sola Group, bringing together a large solar project pipeline, including 48 MW in Zambia and 79 MW in South Africa. The two companies merged in March 2018 and, as of June 1, have consolidated their offering as a vertically... 

Anson produces battery quality lithium carbonate

3rd June 2019 Shares in ASX-listed Anson Resources soared on Monday after the company announced that it had produced about 1 kg of battery quality lithium carbonate from brine sourced from its Paradox brine project near Utah, in the US. The sample was produced using a dedicated and advanced ion exchange (IX)... 

Australia’s minerals exploration on a stronger footing than a year earlier

3rd June 2019 Australia’s mineral exploration has had a stronger start to 2019 than 2018, despite recording a quarter-on-quarter decrease in expenditure and metres drilled in the first three months of the year. Mineral exploration expenditure fell 16.1% to A$497.5-million for the March quarter, with metres... 

Lulo diamonds sell for $10m

3rd June 2019 ASX-listed diamond miner Lucapa on Monday announced that its latest sale from the Lulo alluvial mine, in Angola, had achieved gross revenues of $10-million, representing an average price of $1 800/ct. This took total half-year sales of Lulo diamonds to $22.1-million, achieving an average price of... 

Nevada Copper closes $115m finance for Pumpkin Hollow

3rd June 2019 TSX-listed copper developer Nevada Copper has reached financial close for a previously announced $115-million credit facility with KfW IPEX-Bank. The net proceeds of drawdown will be used to advance the construction and development of the company’s 100%-owned Pumpkin Hollow underground copper... 

Tongaat’s shares fall as it announces plans to restate 2018 financial statements

31st May 2019 JSE-listed Tongaat Hulett's share price on the JSE fell by nearly 10% on Friday afternoon after it announced that it would have to restate its financial statements for the financial year ended March 31, 2018, as a strategic and financial review had revealed “past practices which are of... 

Metal Tiger invests further $1.1m in Kalahari Metals

31st May 2019 Aim-listed Metal Tiger has invested a further $1.1-million into Botswana-focused explorer, Kalahari Metals. The investment will be satisfied from existing cash resources. 

Consortium appointed to manage climate resilience fund

31st May 2019 A consortium of Dutch nongovernmental organisations and financiers has been awarded the tender to manage the €160-million Dutch Fund for Climate and Development (DFCD), which aims to help developing countries build climate resilient economies. The consortium comprises Dutch development bank FMO,... 

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