R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92

Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Alrosa sells main diamond from Dynasty collection

3rd August 2018 Diamond miner Alrosa on Thursday sold its Dynasty collection, and its central diamond of the same name, a 51.38-ct round stone, for a total of $10-million. The first auction for the sale of the collection, held in November 2017, saw four of the five stones sold, with the excess of final prices... 

Completion of Back Forty feasibility study signals significant milestone for Aquila

3rd August 2018 A feasibility study, compiled by Lycopodium Minerals Canada, has been completed on TSX-listed Aquila Resources’ 100%-owned zinc- and gold-rich Back Forty project, in Michigan, in the US. Citing the completion of the Back Forty project’s feasibility study as a “significant milestone for Aquila”,... 

Power system recovery to take 30 days, load-shedding risk remains high

3rd August 2018 State-owned Eskom expects it will take up to 30 days for the power system to recover from the effects of the recent industrial action, which interrupted continuous processes at the power stations. During the 30-day recovery period, the risk of load-shedding remains high, it warned on Friday. 

Varied policy frameworks constraining Africa’s development potential

3rd August 2018 Policy and regulatory frameworks across Africa remain varied and largely constrain the development potential of the continent, international law firm Pinsent Masons Africa partner Rob Morson says. Speaking at the PowerGen conference, in Sandton, on Thursday, he lamented that the current policy... 

Battery storage to benefit businesses, municipalities

3rd August 2018 Battery storage will have a significant and firm impact on the uptake of renewable energy in South Africa, enabling users, whether in the retail or industrial space, to leverage some of the value that solar energy can create, says SOLA Future Energy energy storage services head Daniel Goldstuck.... 

African cities should seek to harness FDI for development

3rd August 2018 If guided wisely, foreign direct investment (FDI) can provide credible solutions to inequality, and alleviate urban poverty and unemployment, the United Nations Human Settlements Programme (UN-Habitat)  argues in its newly released ‘State of the African Cities 2018’ report. Drawing on a database... 

AngloGold to swing to H1 profit on higher output, lower costs

2nd August 2018 Gold miner AngloGold Ashanti expects to report headline earnings of between $91-million and $108-million for the six months ended June 30, compared with a headline loss of $89-million in the first half of 2017. Headline earnings a share for the six months under review are expected to be between... 

Emeralds, equipment looted at Gemfields’ Ethiopia operations

1st August 2018 Emeralds contained in Ethiopian exploration firm Web Gemstone Mining (WGM) operation’s sort house were looted on Tuesday, along with equipment and instruments, after the operation was overrun by a mob on June 29. The gemstone sort house, which was built using 40 ft shipping containers, was... 

Endeavour on track to meet full-year production, cost guidance

1st August 2018 TSX-listed Endeavour Mining produced 147 000 oz of gold in the second quarter, taking output for the first half of the year to 299 000 oz. The gold miner on Wednesday reported that it is on track to meet its full-year guidance of between 555 000 oz and 590 000 oz. 

IFC, Gaia partnership working to power Africa

1st August 2018 World Bank Group member, the International Finance Corporation (IFC), has forged a new partnership with Moroccan renewable energy developer Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. Originally developed by Gaia Energy,... 


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