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Chanel de Bruyn

Chanel de Bruyn

Chanel de Bruyn is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

 

Construction starts on renewable energy project for Rio Tinto's Madagascar mine

10th December 2021 The government of Madagascar and Rio Tinto QIT Madagascar Minerals (QMM) on December 10 celebrated the start of construction of a solar and wind energy project that will supply the ilmenite mine operations in Fort Dauphin, in southern Madagascar. The renewable energy project is vital to the... 

Tongaat's shares fall on equity raise plans

17th November 2021 JSE-listed Tongaat Hulett's share price fell by nearly 43% on Wednesday after it announced a proposed equity raise to reduce its debt to a more sustainable level. As part of the company's ongoing turnaround plans, it has already reduced its debt by 42% over the past two and a half years. 

Sars encouraged by rebuilding efforts

9th November 2021 The South African Revenue Service (Sars) was encouraged by the measured progress in rebuilding Sars as an institution, transforming itself into a smart, modern service, Sars commissioner Edward Kieswetter reported to Parliament this week. In a statement on November 9, Sars said it had collected... 

Sibanye advances buyout of Sandouville asset

4th November 2021 Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and metallurgy company Eramet. Sibanye in July signed an exclusive put option agreement to acquire the... 

Lucara reports strong third-quarter production, revenue growth

4th November 2021 Diamond miner Lucara Diamond Corp's Karowe mine, in Botswana, produced 97 412 ct of diamonds in the third quarter ended September 30, compared with the 88 909 ct produced in the third quarter of 2020. Production included 212 "special" diamonds weighing more than 10.8 ct each. 

Lower PGM, gold prices result in 5% y/y decrease in Sibanye's third-quarter Ebitda

28th October 2021 Despite a solid operational performance in the third quarter ended September 30, lower average platinum group metal (PGM) and gold prices resulted in a decrease in precious and battery metals producer Sibanye-Stillwater's adjusted earnings before interest, taxes, depreciation and amortisation... 

Gem lowers full-year production guidance

28th October 2021 London-listed Gem Diamonds, which operates the Letšeng mine, in Lesotho, has lowered its production guidance for the full-year to December 31 to between 110 000 ct and 114 000 ct, compared with the previously guided 123 000 ct to 127 000 ct. The diamond miner noted in a trading update to... 

Sibanye expands tailings retreatment exposure through 20% stake in Australian company

27th October 2021 JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment operations in Queensland, Australia. Sibanye says the transaction, which is expected to close by... 

RBPlat's shares rise on buyout offer from Implats

27th October 2021 Platinum group metals (PGMs) miner Royal Bafokeng Platinum's (RBPlat's) share price on the JSE rose by more than 23% on Wednesday morning after shareholders were informed that fellow PGMs miner Impala Platinum (Implats) had made a nonbinding indicative proposal to acquire RBPlat. RBPlat and... 

Petra records good first-quarter revenue growth

26th October 2021 London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales,... 

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