R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03

Marleny Arnoldi

Marleny Arnoldi

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

Tel: +2711 622 3744


Sasol anticipates rise in H1 earnings

21st November 2018 Petrochemicals giant Sasol expects to deliver a solid set of results for the six months to end December 31, underpinned by higher Brent crude oil and product prices, a weaker average rand exchange rate and good performance from its global asset base. Sasol on Wednesday said it was likely to... 

MCIT unchanged at 58 index points for Q3, drop to 50 expected for Q4

20th November 2018 The Manufacturing Circle Investment Tracker (MCIT) for the third quarter of 2018 revealed stable investment spending in line with industry expectation and firmly above the neutral 50-point mark, with the overall index flat at 58 index points. Albeit stable on a quarter-on-quarter basis, the... 

MOD to list on the LSE

20th November 2018 The UK Listing Authority has approved ASX-listed MOD Resources’ prospectus, which is a prerequisite for the company’s intended secondary listing on the LSE. MOD will start trading its shares on the LSE on or around November 26.  

Perseus receives promising results towards extending Ghana gold mine life

20th November 2018 Dual-listed gold miner Perseus Mining has reported positive drilling results from the Esuajah Gap deposit at its Edikan gold mine, in Ghana, that signifies a mineralised granite body. The drilling was undertaken as part of efforts to extend the life of the mine, which currently has six years of... 

Stor-Age achieves growth despite challenging economic climate

20th November 2018 Real estate investment trust Stor-Age has achieved a 9.1% year-on-year increase in dividends a share to 51.3c apiece for the six months ended September 30, underpinned by solid organic growth in its South African and UK portfolios and the successful integration of acquisitions. Stor-Age... 

Phase 1 drilling at IronRidge’s Ghana lithium project confirms significant deposit

20th November 2018 Aim-listed IronRidge Resources has compiled the results of a 58-hole, 8 210 m reverse circulation (RC) drilling programme at its Ewoyaa project, in Ghana. The results include the last 13 holes drilled, which had multiple broad, high-grade lithium drill intersections returned at a 0.5% lithium... 

De Beers reports stable ninth sales cycle before retail selling season starts

20th November 2018 Diamond miner De Beers sold $440-million worth of rough diamonds during the ninth sales cycle of this year. This is lower than the $475-million worth of diamonds sold in the eighth cycle of the year, as well as the $503-million worth of diamonds sold in the seventh cycle. 

Gibela to hand over SA-built train before year-end

19th November 2018 The first new Xtra’polis Mega commuter train to be built in South Africa since the 1970s is undergoing final testing at transport consortium Gibela’s train manufacturing facility in Dunnottar, Gauteng, ahead of being handed over before the end of 2018 to the Passenger Rail Agency of South Africa... 

AMCU workers to strike at Sibanye’s South Africa gold mines

19th November 2018 Nearly 14 000 workers of gold miner Sibanye-Stillwater will down tools at its South African gold operations this week, after months of wage negotiations with the Association of Mineworkers and Construction Union (AMCU) reached a deadlock. The gold miner confirmed on Monday that AMCU members... 

PEA deems TriStar gold project in Brazil viable for 1.1Moz gold

19th November 2018 A preliminary economic assessment (PEA) study, conducted by GE21 Consultoria Mineral on behalf of TriStar Gold for its Castelo de Sonhos gold project, in Brazil, highlighted life-of-mine recoverable gold of 1.1-million ounces, or an average of 120 000 oz/y. The Castelo de Sonhos project will... 


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