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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

Acacia completes sale of royalty over Burkina Faso mine

17th January 2018 Embattled gold miner Acacia Mining has completed the sale of an existing 2% net smelter royalty over the Houndé mine, in Burkina Faso, for $45-million. The LSE-listed company in December said it was selling the royalty to Canadian miner Sandstorm Gold after its three producing gold mines in... 

OZ takes advantage of higher copper price, lifts 2018 guidance

17th January 2018 ASX-listed OZ Minerals has marked 2017 as a year of strong production and financial performance, with the miner reporting on Wednesday that it had achieved its copper production guidance for the third consecutive year, and that it had exceeded its gold guidance. Noting that it had made... 

South32 boasts record manganese, aluminium production in December quarter

17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

Sarb appoints new MPC adviser

16th January 2018 The South African Reserve Bank (Sarb) has appointed Fundi Tshazibana an adviser to the bank’s governors, effective February 19, making her the seventh member of the bank’s Monetary Policy Committee (MPC). With 17 years of experience in public policy analysis and formulation, Tshazibana has worked... 

November mining figures impress, but volatility seems to be on the cards

16th January 2018 While the local November mining production statistics showed a relatively solid increase by 6.5% year-on-year, bolstered by platinum group metals (PGMs), iron-ore and coal, the longer-term prospects for the industry remain less certain, owing to a difficult operating environment and policy... 

New indaba seeks to clear logistics, infrastructure challenges

16th January 2018 The Cross-Border Mining Services Africa Indaba, which aims to bring senior-level professionals from mining companies, as well as mining contractors; engineering, procurement and construction management companies; logistics companies; third- and fourth-party logistics providers; and finance and... 

Grindrod facing delays with separate listing of shipping unit, but still positive about H1 completion

16th January 2018 Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes required by regulators in the different relevant jurisdictions are taking longer than initially... 

ABB supplies motor for world’s steepest funicular railway

16th January 2018 A 1.7 km funicular railway in the Swiss Alps, said to be the steepest in the world, has been brought into operation this week. The railway cable car, which can carry 36 passengers, is being powered by a 1.2 MW low-voltage electric motor designed and built by automation company ABB. 

Alt Resources buys gold tenements from Latitude

16th January 2018 ASX-listed Alt Resources has entered into a binding heads of agreement (HoA) with fellow-listed Latitude Consolidated to acquire a significant exploration tenement in the Mt Ida district, Western Australia. The landholding encompasses the historical Quinns and Mt Ida South mining centres, as well... 

Avanco takes option on Vale’s Pantera copper project

16th January 2018 ASX-listed Avanco has agreed terms for an option to acquire 100% of the Pantera copper project from Brazilian major Vale, with a payment of $500 000 paid upon signing. Located near Avanco’s existing operations in the Carajás mineral province, in Brazil, the 9 7000 ha Pantera licence has the... 

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