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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

Bidvest records strong full-year performance

23rd August 2021 JSE-listed Bidvest Group says it has delivered a very strong trading profit performance, backed by exceptional cash generation and a solid balance sheet, for the financial year ended June 30. Its sequential quarterly performance also improved progressively, the group notes. 

Oriole reports maiden inferred gold resource for Faré South

23rd August 2021 Aim-listed Oriole Resources has completed, independently of joint venture partner IAMGOLD, a mineral resource estimate (MRE) for the Faré South projects at its Senala project in Senegal. It has declared a maiden Joint Ore Reserve Committee- (Jorc-) compliant resource of 155 000 oz of gold grading... 

Afghan situation raises global risk concerns, IRMSA warns

23rd August 2021 The Taliban’s rapid takeover of Afghanistan has raised global risk antennae on several fronts and South Africa would do well to follow proceedings closely and with deep concern, professional risk management body the Institute of Risk Management South Africa (IRMSA) says. “While indications of... 

Disposal of Stefanutti’s Mining Services division falls through

23rd August 2021 JSE-listed Stefanutti Stocks has advised that not all conditions precedent to the proposed sale of its Mining Services division to Akhona Mining Services have been fulfilled or waived and, consequently, the disposal will no longer proceed. In April, Stefanutti reported that it had entered into a... 

UIF to open online system for unrest relief scheme on Aug 25

23rd August 2021 The Unemployment Insurance Fund (UIF) will start accepting applications for the Workers Affected by Unrest (WABU): Temporary Financial Relief Scheme from August 25. The financial relief scheme has been established to assist workers whose workplaces have been closed owing to the recent unrest in... 

Economic recovery support interventions aim to mitigate unrest impact for businesses

20th August 2021 The R3.75-billion economic recovery support package announced by Trade, Industry and Competition Minister Ebrahim Patel, represents a united front from entities for the restoration of businesses that were adversely affected during the violent looting and unrests that took place in KwaZulu-Natal... 

Global lead production to recover by 4.6% this year, says GlobalData

20th August 2021 Global lead production is forecast by data analytics and consulting company GlobaData to recover by 4.6% and reach 4.69-million tonnes this year owing to increased output from mines in China (+3.3%) and Peru (+9.9%). The company notes that China, Australia, Russia and Canada will be the key... 

Construction starts on Isondo’s PGMs beneficiation plant as it moves to tap into green hydrogen economy

20th August 2021  The green hydrogen economy offers South Africa a considerable advantage in using its natural resources to help reindustrialise its economy and this is being supported by various policies and initiatives. One such initiative is the start of the construction process for fuel cell components... 

Higher iron-ore, PGMs prices give ARM’s headline earnings a boost

19th August 2021 JSE-listed African Rainbow Minerals (ARM) expects its headline earnings for the financial year ended June 30 to be between 130% and 138% higher year-on-year, at between R12.73-billion and R13.17-billion (F2020: R5 534 million). This is underpinned by higher iron-ore and platinum group metals... 

WBHO reports improved full-year operational performance, financials

19th August 2021 JSE-listed Wilson Bayly Holmes-Ovcon (WBHO) expects to report earnings a share and headline earnings a share of 562c and 600c, respectively, for the financial year ended June 30. That compares with the loss a share of 937c and a headline loss a share of 923c reported for the 2020 financial year. 

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