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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

Gemfields’ latest auction nets $71.8m

11th June 2018 JSE-listed Pallinghurst Resources’ Gemfields subsidiary sold about 95% of its lots on offer at an auction of rough rubies held in Singapore last week. The auction yielded an all-time auction record for the company, generating $71.8-million in revenues with the rubies sold at an average realised... 

Ethiopian syndicate to buy 30% stake in Kefi subsidiary

11th June 2018 Emerging gold producer Kefi Minerals has reached an agreement with an Ethiopian investment syndicate that wants to acquire a 30% ownership interest in Kefi subsidiary Kefi Minerals Ethiopia (KME), which holds the company’s interest in the Tulu Kapi Gold Mines (TKGM). Under the proposed terms,... 

Denel welcomes debt extension

11th June 2018 State-owned Denel has been granted an extension to repay its unsecured debt that was due on June 10. The extension is on a R290-million debt note that was taken up by Regiments Capital in June 2013, and a R400-million debt note in November 2015 and is “a welcome relief to the company as it... 

NFC invests $70m into KAZ Minerals’ Koksay project

8th June 2018 China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) will be investing $70-million into high-growth copper company KAZ Minerals’ Koksay project, in Kazakhstan. Following the investment, which is subject to certain conditions precedent, including regulatory... 

Northern Vertex secures right of way for construction at Moss mines

8th June 2018 TSX-V-listed Northern Vertex Mining has received certified grant letters for right of way (ROW) for the powerline, fibre-optics and access road construction for the Moss gold and silver mine, in Arizona. The letters and ROW, from the Bureau of Land Management (BLM), signal a “milestone which... 

Suncor production well-positioned for the remainder of the year

8th June 2018 Energy company Suncor produced, on average, about 636 000 bbl/d of oil equivalent so far in the second quarter. This follows the completion of major planned turnaround activities and strong production from growth projects. 

Gas from Free State resource to fuel brewer’s truck fleet

8th June 2018 Natural gas development company Renergen has signed an offtake agreement with Anheuser-Busch InBev (AB InBev)subsidiary South African Breweries (SAB) for the supply of liquefied natural gas (LNG) to power its delivery trucks. The agreement sees the initial roll out of compressed natural gas to a... 

Transport Decarbonisation Alliance launched

8th June 2018 The Transport Decarbonisation Alliance (TDA), a coalition aiming to catalyse the accelerated decarbonisation of the transport sector, was launched earlier this week in Leipzig, Germany, as part of the International Transport Forum (ITF). Rail transport company Alstom and partner companies, cities... 

Firms from 75 countries sourced 465 TWh of renewable energy in 2017

8th June 2018 Companies in 75 countries actively sourced 465 TWh of renewable energy in 2017, an amount close to the overall electricity demand of France, a new report by the International Renewable Energy Agency (Irena) states. With the continued decline in the costs of renewables, the report suggests that... 

Basil Read enters new avenue with Savanna City residential development

7th June 2018 As part of its turnaround strategy, construction group Basil Read on Thursday launched Basil Read Homes with the first of its 44 residential units on a land parcel at Savanna City, south of Johannesburg, which will, upon completion, boast about 18 399 integrated housing units. “This launch is a... 

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