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Megan van Wyngaardt

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Deep-sea trawling association appoints more representative executive committee

22nd June 2017 The South African Deep-Sea Trawling Industry Association (Sadstia) on Thursday said the existing members of its executive committee (Exco) have stood down, with four new executives, who are more representative of the ownership of the deep-sea trawling industry, having been elected to take their... 

Golden Saint recovers 14 diamonds from Tongo

22nd June 2017 West Africa-focused diamond and gold exploration company Golden Saint has recovered 14 diamonds, weighing a total of 10.46 ct, from its Tongo licence, in Sierra Leone. The diamonds range from 0.25 ct to 2.15 ct apiece, while some 23.62 g of alluvial gold was also recovered from the gravels treated. 

Afarak Mogale shuts down furnaces for maintenance

22nd June 2017 Vertically integrated specialty alloys producer Afarak Mogale is temporarily shutting down its P1 furnace at the Mogale Alloys processing plant for unscheduled maintenance. The dual-listed company said on Thursday that the furnace would not be operational between July 24 and the end of August;... 

Raubex chair to retire in September

22nd June 2017 JSE-listed investment holding company Raubex’s chairperson Koos Raubenheimer will retire from his position on September 8, the company said on Thursday. He will be succeeded by current nonexecutive director Freddie Kenney. 

Building confidence declines sharply in Q2

22nd June 2017 The First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index fell sharply to 32 for the second quarter, down from 43 in the first quarter. All of the measured subsectors registered a drop in confidence. 

Oakbay faces possible JSE suspension

22nd June 2017 Gupta-owned investment holding company Oakbay Resources and Energy is facing a possible suspension in the trading of its shares on the JSE, owing to the resignation of an independent nonexecutive director and audit committee chairperson, as well as the resignation of its sponsor and transfer... 

Ortac gets go ahead to restart Slovakian gold project

22nd June 2017 The Slovakia Main Mining Bureau will re-issue an underground mining permit for Ortac Resources’ Šturec gold project. This will allow for a restart of the mine, which had historically been mined by State-owned companies. 

Trans-Siberian secures a further $5m

22nd June 2017 Trans-Siberian Gold’s wholly owned subsidiary ZAO Trevozhnoye Zarevo (TZ) on Thursday entered into a three-year agreement with VTB Bank for an additional $5-million debt facility. The company on Wednesday secured a five-year $15-million facility with the bank, aimed at repaying two existing loan... 

WG Wearne, Elcu transaction deemed fair

22nd June 2017 The sale of JSE-listed WG Wearne’s Brandvlei Sand Quarry and its ancillary business to Elcu Pumps has been declared fair by BDO Corporate Finance, WG Wearne said on Thursday. The companies in April entered into the R7-million transaction, which forms part of WG Wearne’s restructuring plan to sell... 

Firestone increases guidance as Liqhobong throughput rises

22nd June 2017 Firestone Diamonds now expects to recover around 360 000 ct of diamonds in the financial year ending June 30, against April’s guidance of 300 000 ct, owing to operational ramp-up at its Liqhobong mine, in Lesotho, achieving nameplate throughput capacity on multiple occasions since the start of... 

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