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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

AfDB to support Namibia’s economic governance, competitiveness

11th May 2017 The African Development Bank (AfDB) has approved a R3-billion loan to finance the Namibia Economic Governance and Competitiveness Support Programme (EGCSP), which will support the strengthening of public financial management and improve the quality and efficiency of public sector spending. “The... 

Trading in CRG shares suspended amid worker strike

11th May 2017 Central Rand Gold (CRG) on Thursday requested a suspension in trading in its shares on the JSE and LSE, owing to ongoing production losses associated with strikes at its operations. The miner on Wednesday reported that negotiations for yearly wage increases had reached a deadlock with employees... 

Online agricultural education platform set to create trained farmers

11th May 2017 A new online education platform, Agricolleges, aims to help create a fresh wave of farmers and agriculturalists in Africa. It is expected to assist in the provision of education and training for small-scale farmers on the continent, which is one of four factors identified by the World Economic... 

Caledonia lifts Q1 production, earnings

11th May 2017 Increased tonnes milled, higher grades and improved recoveries have lifted the first-quarter production of Caledonia Mining’s Blanket mine, in Zimbabwe, to 12 794 oz from the 10 822 oz produced in the first quarter of last year. CEO Steve Curtis highlighted that the increased production also... 

Export iron-ore prices boost Kumba’s interim earnings

11th May 2017 Kumba Iron Ore expects its headline earnings and basic earnings for the six months to June 30, to be at least R602-million, or 20%, higher than the R3-billion it reported for the six months to June 30, 2016. The company said in a statement on Thursday that the higher earnings were as a result of... 

AEEI reports strong interim performance, with profit up 150%

11th May 2017 JSE-listed African Equity Empowerment Investments (AEEI) achieved a 150% increase in pre-tax profit to R185-million for the half-year ended February 28, owing to improved positive returns from the group’s diversified operations and investment portfolio. The company on Thursday noted that... 

Avesoro posts positive earnings in March quarter

11th May 2017 Dual-listed West African gold producer Avesoro Resources produced 14 906 oz during the quarter ended March 31. The company, formerly Aureus Mining, achieved an operating cash cost of $1 051/oz at its New Liberty mine, in Liberia – a 46% quarter-on-quarter decrease. 

Trade conditions remain muted as peripheral matters weigh

11th May 2017 Local trade conditions have remained in negative territory in April, with the South African Chamber of Commerce and Industry’s (Sacci’s) Trade Activity Index (TAI) weakening further to 45 from 46 in March. The index has remained below the neutral 50-point level since October 2016. 

Mondi feels inflationary cost impact on operating profit

11th May 2017 Dual-listed Mondi on Thursday posted a 6% year-on-year decrease in its underlying operating profit for the first quarter of the year, ended March 31, to €252-million, as inflationary cost pressures mount and as a result of significantly lower forestry fair value gain. However, underlying... 

Tharisa buys mining equipment to further owner-mining strategy

11th May 2017 Dual-listed Tharisa Minerals, led by CEO Phoevos Pouroulis, has entered into a binding term sheet with MCC Contracts to buy certain of MCC’s equipment, strategic components, site infrastructure and spare parts at the Tharisa platinum group metals and chrome mine in the Bushveld Complex. This... 

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