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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

Mitchell Services buys underground coal drilling firm Radco

12th February 2018 ASX-listed Mitchell Services has entered into an agreement to acquire 100% of the shares in Radco Technologies and Radco Group (collectively Radco Drilling), for A$5.3-million in cash. The cash consideration purchase price represents about two-times earnings before interest, taxes, depreciation,... 

Bacanora proposes to domicile to the UK, delist from TSX-V

9th February 2018 Lithium company Bacanora Minerals said on Friday that it would restart the process of changing its domicile of jurisdiction from Canada to the UK. The company had sought shareholder approval to effect the redomicile in September 2016, but failed to obtain the requisite approval. 

Westgold tops up gold hedge

9th February 2018 Western Australian miner Westgold Resources has used the recent spike in Australian dollar gold prices to top up its hedge position, effectively adding 60 000 oz at A$1 710/oz. This takes Westgold's total hedge position to 123 750 oz at A$1 678/oz, which completely amortises in calendar 2018 with... 

Gold-backed ETFs added 27.6 t in January – WGC

8th February 2018 Gold-backed exchange-traded funds (ETFs) added 27.6 t in January, the World Gold Council reported on Thursday. It added that North American funds accumulated 21.5 t of gold valued at $940-million, with 1.8% of assets under management. 

Accenture breaks ground on new building in Waterfall

8th February 2018 Construction has started on the new Southern African offices of global professional services company Accenture, which will be relocating from its current offices in Woodmead to a 3 875 m² facility, in Waterfall City, in December, as part of its Africa expansion strategy. Waterfall commercial... 

Kin starts site development activities at Leonora

8th February 2018 ASX-listed gold development company Kin Mining has started site activities at its 100%-owned Leonora gold project (LGP), in the North-Eastern goldfields of Western Australia. Clearing, de-grubbing and stockpiling of topsoil within the approved processing facility boundary works have started and... 

Environmental appeal sets back Dragon Mining's HKEx listing plans

8th February 2018 Gold miner Dragon Mining is preparing an updated submission to the Hong Kong Stock Exchange (HKEx) for a listing application, after an appeal of its test mining permit at Fäboliden, northern Sweden, has delayed its listing plans. The company, which will delist from the ASX, has to obtain an... 

Italtile anticipates stronger H2 as business outlook improves

7th February 2018 Despite the improved outlook for South Africa and a gain in consumer confidence stemming from recent political events, retail company Italtile believes the macroeconomic environment will remain challenging in the short term. Italtile management, however, anticipates its performance in the second... 

Tribunal to consider Sinopec's $900m deal to acquire 75% of Chevron South Africa

7th February 2018 The Competition Tribunal will, on Thursday, consider the proposed $900-million buyout by China Petroleum and Chemical Corporation (Sinopec) subsidiary SOIHL HK of a 75% interest in Chevron South Africa (CSA). Sinopec is a significant Chinese manufacturer and supplier of petroleum and... 

Sappi's Q1 results in line with expectations

7th February 2018 Pulp and paper producer Sappi's performance for the first quarter of the 2018 financial year was in line with group expectations, with earnings before interest, taxes, depreciation and amortisation (Ebitda), excluding special items, reaching $172-million. This was, however, lower than the... 

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