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Creamer Media Reporter

Tongaat appoints CFO

11th February 2019 JSE-listed agroprocessing company Tongaat Hulett has appointed Rob Aitken CFO, effective March 1. He has been serving as the company's acting CFO since August 2018, when former CFO Murray Munro took a medical leave of absence. 

SKF investing in automated production line in France

11th February 2019 SKF is supporting the growth of the aerospace market and its business by investing in a new automated line located at the SKF Aeroengine site in Valenciennes, France. With this investment, SKF is strengthening its flexibility and competitiveness in France. In January 2019 SKF inaugurated a fully... 

Stage 2 load-shedding to start at 09:00

11th February 2019 Power utility Eskom on Monday said Stage 2 load-shedding would start at 09:00 and would likely continue until 22:00.   "Although a number of generating units have returned to service as per the nine-point recovery plan, regrettably additional units continue to trip. This results in a shortage of... 

Wallbridge reports positive results from Fenelon bulk sample

8th February 2019 TSX-listed Wallbridge Mining reported on Thursday that it has produced and sold more than 13 300 oz of gold from the 35 000 t bulk sample under way at its Fenelon gold project, in Quebec. To date, about 25 000 t of ore with a reconciled average grade of 17.34 g/t gold containing more than 14 000... 

Consol marks third year of production growth at Pennsylvania mines

8th February 2019 NYSE-listed Consol Energy’s production and sales have hit a new record in 2018, marking three consecutive years of production growth at the Pennsylvania mining complex (PAMC). Sales from PAMC increased by seven-million tons in the fourth quarter, generating revenue of $49.81/t, compared with... 

First Quantum announces refinancing

7th February 2019 Canadian miner First Quantum has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5-billion revolving credit facility. Underwritten by three core relationship banks, the new $2.7-billion facility, with an accordion feature to increase it up to... 

Polymetal reports sizeable increase in Mayskoye gold reserve

7th February 2019 Russian miner Polymetal has announced a 778 000 oz increase in the ore reserves at its Mayskoye gold deposit, which adds five years to the operation’s mine life. The updated Joint Ore Reserve Committee-compliant reserves comprise ten-million tonnes of ore with an average grade of 6.9 g/t... 

Anglo Asian announces highest-ever production guidance

7th February 2019 Aim-listed gold, copper and silver producer Anglo Asian has announced its highest-ever production guidance, forecasting metal production of between 82 000 and 86 000 of gold-equivalent ounces (GEOs) for 2019. The guidance compares with a target range of 78 000 GEOs to 84 000 GEOs in 2018 and... 

Trilogy, South32 up exploration budget for Alaska projects

7th February 2019 Vancouver-based explorer Trilogy Metals has increased the exploration budget for its Upper Kobuk Mineral Projects (UKMP), after its partner South32 agreed to equally fund an exploration programme along the Ambler volcanogenic massive sulphide (VMS) belt in north-west Alaska. The partners have... 

Global and Africa Energy Experts Confirmed to speak at the 11th Africa Energy Indaba

7th February 2019 Leading figures and global experts within the African energy sector will convene in Sandton, Johannesburg, South Africa at the 2019 Africa Energy Indaba to debate key issues keeping Africa’s energy leaders awake at night.  Discussions will highlight the energy sector’s innovations in Africa,... 

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