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Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Afrimat Construction Index reflects downward trend in construction activity in Q1

19th June 2018 It is concerning that the construction sector – South Africa’s most labour-intensive sector in terms of labour/capital ratios – is not growing, said economist Dr Roelof Botha on Tuesday at the release of the Afrimat Construction Index (ACI) for the first quarter. The ACI, compiled by Botha on... 

South Africa ahead of renewable energy curve – adviser

19th June 2018 Despite the South African renewables market being in its infancy in comparison to well-established markets, South Africa is ahead of the curve, says owner’s engineer and lender’s technical adviser K2 Management. This, K2 Management South Africa country director Hebren James explains, is owing to... 

Harmony repays $100m on bridge facility, strengthens balance sheet

19th June 2018 Harmony Gold Mining has repaid a further $100-million of the original $200-million bridge loan raised for the acquisition of its recently-acquired Moab Khotsong gold mine, in the North West. “Harmony believes in having a robust and flexible balance sheet that supports its growth ambitions,”... 

Gem declares $18.3m in payments to Lesotho, Botswana governments

19th June 2018 Gem Diamonds paid just over $18.3-million to the governments of Lesotho and Botswana for extractive activities completed in the financial year ended December 31, 2017. Of this amount, about $18.1-million was paid to the government of Lesotho, with the balance of $230 000 paid to the Botswana... 

Charter in current form will not promote investment, growth – MCSA

18th June 2018 The Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity... 

PPC delivers on strategic priorities, posts higher FY18 headline earnings

18th June 2018 Cement producer PPC on Monday posted a 172% year-on-year increase in headline earnings to R231-million for the financial year ended March 31, while gross profit rose 3% on a strong performance by the group’s operations in Zimbabwe and Rwanda. The group’s cement sales volumes increased by 6% to... 

Kefi raises £3m; issues shares to contractors, third parties

15th June 2018 Aim-listed Kefi Minerals has conditionally raised £3-million, equivalent to about $4-million, through a placing of 120-million new ordinary shares at 2.5p apiece to existing and new shareholders. The placing proceeds net of expenses are expected to be about £2.8-million and will primarily be used... 

Robben Island SleepOut to commemorate Mandela centenary

15th June 2018 On July 18 – what would have been Nelson Mandela’s centenary – 67 global influencers, business leaders and celebrities will spend the night inside the former maximum-security prison and courtyard on Robben Island, where Mandela spent 18 years, with the aim to raise $67-million. On the same night,... 

Mpumalanga coal project's enviro authorisation comes under legal attack

15th June 2018 New legal proceedings have been launched in the Mbombela High Court against Atha-Africa Ventures’ proposed development of the Yzermyn coal mine inside a protected area and strategic water resource area, in Mpumalanga. A coalition of eight community and civil society organisations have lodged a... 

Rothdene pumpstation upgrade nears completion

14th June 2018 The upgrade of the Rothdene pumpstation, in Meyerton, is 99% complete and will be finalised by the end of June. The project started in June last year and is four pumps with a capacity of 440 ℓ/s comprise the upgrade, which, upon completion, will open the opportunity for the Midvaal municipality... 

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