R/€ = 16.29 Change: -0.12
R/$ = 14.44 Change: -0.23
Au 1312.79 $/oz Change: -5.98
Pt 849.17 $/oz Change: -19.97

Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


TNPA says it is ready to support Brulpadda exploration

15th March 2019 Transnet National Ports Authority (TNPA) on Friday said the Port of Mossel Bay is well equipped to provide value for Total, following the company’s significant gas condensate discovery. The discovery was made earlier this year on the Brulpadda prospect, located in the Outeniqua Basin, which is... 

New Omnia FD

15th March 2019 JSE-listed chemicals company Omnia Holdings has appointed Seelan Gobalsamy group FD, effective March 1. Gobalsamy, who has been an independent nonexecutive director since September 2018, will also be appointed executive director. 

Nampak aims to sell glass unit by April

15th March 2019 Packaging group Nampak on Thursday advised its shareholders that its has been in exclusive negotiations with a preferred bidder in respect of the potential disposal of the Nampak Glass business, which may have a material effect on the price of the company’s shares, if concluded. The company... 

Higher fibre packaging demand lifts Mondi

15th March 2019 LSE- and JSE-listed packaging and paper group Mondi reported underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of €7.4-billion for the year ended December 31, 2018. That was 19% higher than the Ebitda reported for 2017 and translated to an underlying operating... 

$200m for embedded generation investment programme

15th March 2019 The Green Climate Fund (GCF) has extended funding of $100-million to the Development Bank of Southern Africa (DBSA) to establish the Embedded Generation Investment Programme (EGIP). Embedded generation entails the production of electricity from generation facilities that are connected to the... 

South Africa lacks ‘comprehensive road funding policy’

15th March 2019 South African Road Federation (SARF) president Saied Solomons says Finance Minister Tito Mboweni overlooked South Africa’s 750 000 km road network when he announced his 2019 Budget last week. Solomon adds that the road network, which is the tenth-longest in the world and is worth about... 

Capital Drilling lifts FY18 net profit

14th March 2019 Aim-listed Capital Drilling achieved a 48% year-on-year increase in net profit to $7.7-million for 2018. The company on Thursday declared a 2018 dividend of 1.5c, compared with 1.2c in 2017, on the back of a 16% year-on-year increase in earnings before interest, taxes, depreciation and... 

Strong production boosts Avesoro’s FY18 Ebitda by 348% y/y

14th March 2019 TSX- and Aim-listed Avesoro Resources produced 220 458 oz of gold at its New Liberty mine, in Liberia, and its Youga mine, in Burkina Faso, in 2018 – a 179% year-on-year increase. This was achieved at a consolidated operating cash cost of $774/oz sold and an all-in sustaining cost (AISC) of $1... 

Ramaphosa authorises investigation into ‘red fleet’ vehicles procured by City of Joburg

14th March 2019 President Cyril Ramaphosa has authorised the Special Investigating Unit (SIU) to investigate alleged wrongdoing within the Johannesburg metropolitan municipality (City of Joburg) or service providers in relation to the city’s procurement of vehicles from Fire Raiders in a 2014 tender that was... 

Mboweni extends Kingon’s term as acting Sars commissioner to June 11

14th March 2019 Finance Minister Tito Mboweni has reappointed Mark Kingon acting commissioner of the South African Revenue Service (Sars) for a further 90 days to June 11. Kingon will remain in service until June 11 or until President Cyril Ramaphosa appoints a new Sars commissioner.  


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