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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

Royal Gold to become stakeholder in TriStar’s project in Brazil

29th May 2019 Nasdaq-listed precious metals royalty firm Royal Gold will invest $8-million into TSX-V-listed TriStar Gold’s Castelo de Sonhos (CDS) gold project, in Brazil. TriStar has sold to Royal Gold an option to purchase a 1% net smelter return royalty on CDS for a cash payment of $500 000, once proven... 

Arrowhead appoints interim CFO, declares lower interim dividend

29th May 2019 JSE-listed real estate investment trust (Reit) Arrowhead Properties on Wednesday announced the resignation of its CFO Imraam Suleman, following an instance of unauthorised use of company resources. The company has appointed Arend de Kock as interim CFO in Suleman’s place. 

YES adds Blossom Care, Buddibox initiatives to its Tembisa hub

28th May 2019 The Youth Employment Service (YES) on Tuesday launched two additional initiatives at its flagship hub in Tembisa. The additions of Blossom Care Solutions and Buddibox will result in an additional 50 direct and 300 indirect jobs being created. 

Armadale progresses towards graphite production in 2021

28th May 2019 Aim-listed Armadale Capital made notable progress in advancing its Mahenge Liandu graphite project, in Tanzania, in 2018. The company on Tuesday reported that it had completed a scoping study that highlighted a potential net present value of $349-million and an internal rate of return of 122%. 

Global crude steel production rises by 6.4% y/y

27th May 2019 Crude steel production in the 64 countries that report to the World Steel Association (worldsteel) increased by 6.4% year-on-year to 156.7-million tonnes in April, worldsteel reports. China’s crude steel production for April was 85-million tonnes – a 12.7% year-on-year increase. 

DEA declares 20 marine protected areas

27th May 2019 The Department of Environmental Affairs officially declared 20 marine protected areas (MPAs) in South Africa last week. The department said in a statement on Monday that the declaration of these MPAs was similar to an insurance policy for the benefit of the current and future generations.  

Enel’s fourth South African wind farm to start operating in 2021

27th May 2019 Energy company Enel’s renewables subsidiary Enel Green Power (EPG) South Africa has started construction on its 140 MW Oyster Bay Wind Farm, in the Kouga municipality, in the Eastern Cape. The €180-million wind project comprises 41 turbines and will generate around 568 GWh/y, which effectively... 

Water Tribunal upholds granting of Yzermyn water licence

27th May 2019 The National Water Tribunal has dismissed an appeal brought by the Centre for Environmental Rights (CER) against the Department of Water and Sanitation granting a water licence to Indian mining company Atha-Africa Ventures for the Yzermyn coal mine development, in Mpumalanga. The CER appeal was... 

Pensana Metals questions rare earths price surge in China

27th May 2019 Neodymium prices surged towards $50 000/t on the Sanghai Metal Market on Friday, as rare earths hit centre stage in China’s trade dispute with the US, ASX-listed Pensana Metals said in a statement on Monday. The company added that the price surge followed a public visit by Chinese President Xi... 

Silvercorp profit falls as prices dip

27th May 2019 Canada-based, China-focused Silvercorp Metals has reported a lower profit margin for the financial year ended March 2019, on the back of lower prices for the precious and base metals that the company produces. In the reporting period, the company sold about 6.4-million ounces of silver (up 6%... 

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