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Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

African Battery Metals shifts focus to nickel/cobalt, relinquishes Sierra Leone projects

30th August 2018 Aim-listed African Battery Metals (ABM) has decided to relinquish its interests in gold and iron-ore projects in Sierra Leone to focus on its newly acquired nickel and cobalt projects in Cameroon and Côte d’Ivoire. The company believes there are attractive long-term market fundamentals for... 

Aveng’s early bond redemption terms finalised, shareholder approval pending

30th August 2018 JSE-listed construction group Aveng has finalised the terms of the early bond redemption, which is now subject to final shareholder and existing convertible bondholder approval. Aveng will repurchase R657-million of existing convertible bonds, including accrued interest, for R460-million – 70%... 

MC Mining receives first quarterly payment of R11m for Mooiplaats sale

30th August 2018 The Department of Mineral Resources (DMR) has timeously approved the requisite Section 102 application that was necessary to complete MC Mining’s Mooiplaats colliery sales transaction. The company has also received the first quarterly payment of R11.3-million.  

Eskom, unions settle on salary adjustments

30th August 2018 State-owned power utility Eskom has reached a three-year wage agreement with trade unions the National Union of Mineworkers (NUM), the National Union of Metalworkers of South Africa (Numsa) and Solidarity. In terms of the agreement, Eskom’s bargaining unit permanent employees will receive salary... 

Growthpoint’s distributable income exceeds R6bn for the first time

29th August 2018 Real estate investment trust Growthpoint Properties announced a 6.5% distribution growth for the year ended June 30, with a final dividend of R1.07 apiece declared, despite weak economic conditions and a competitive market in South Africa. Growthpoint South Africa CEO Estienne de Klerk pointed... 

Positive ratings from S&P’s, Fitch enhances NDB’s lending capacity

29th August 2018 Multilateral development bank New Development Bank (NDB) has been assigned an AA+ long-term and A-1+ short-term issuer credit rating by Standard & Poor’s Global Ratings (S&P’s). Earlier this month, Fitch Ratings assigned the bank a long-term issuer default rating of AA+ with a stable outlook... 

FutureSpace opens second instant-access workspace in Sandton

29th August 2018 FutureSpace has launched its second workspace, after the first space reached near capacity in just over a year.   FutureSpace is a joint venture between Investec Property and workplace specialists Giant Leap.   The new instant-access space is located in Rivonia, Sandton, a few blocks down from... 

BevSA appoints corporate services GM

29th August 2018 The Beverage Association of South Africa (BevSA) has appointed Mpho Thothela GM for corporate services, effective August 1. Thothela will be responsible for BevSA’s marketing and communications, brand positioning and reputational management, financial management, revenue growth, budget... 

Perseus’ production increases 45% y/y, costs fall 22%

29th August 2018 ASX-listed West African gold producer Perseus Mining produced 255 916 oz of gold in the financial year ended June 30, which is a 45% increase compared with the prior financial year. The weighted average all-in site costs including the cost of production, royalties and sustaining capital,... 

Prieska mine reopening targeted for 2020

29th August 2018 ASX- and JSE-listed Orion Minerals aims to reopen the Prieska zinc/copper project, in South Africa’s Northern Cape, in 2020. Orion MD Errol Smart told delegates attending the Africa Downunder conference being held in Perth, this week, that the 12-month bankable feasibility study (BFS) for the... 

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