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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

South Africa’s iron-ore production to stagnate amid ‘unfavourable’ regulatory environment

3rd July 2017 An unfavourable regulatory environment is likely to result in South Africa’s iron-ore production stalling at 58-million tonnes a year for the next four years, research firm BMI said on Monday. In an outlook over the sub-Saharan Africa region’s iron-ore sector, BMI noted that the country would be... 

Ferrum Crescent exits South African iron-ore assets to focus on Spanish projects

3rd July 2017 European lead-zinc explorer Ferrum Crescent will sell its Mauritian-based subsidiary Batavia, which holds its South African assets. The triple-listed company said the A$1 000 sale to NPSPL Africa Holdings and its Ngwenya Capital black-economic empowerment partner, includes the Moonlight iron-ore... 

Future bright for Latin America, but water issues impede growth

3rd July 2017 While the outlook for mining in Latin America remains positive over the coming years, research firm BMI has outlined certain obstacles that will hinder its development, with water use and contamination among the most significant challenges. BMI warned that companies and governments in Latin... 

Orca raises funds to further gold mine in Sudan

3rd July 2017 Canadian resource company Orca Gold’s non-brokered private placement, aimed at raising $15-million through the issue of 37.5-million units at $0.40 apiece, has been fully subscribed to and is scheduled to close on Wednesday. The TSX-V-listed company explained in a note on Friday that each unit... 

Metanor raises $5.93m for exploration

3rd July 2017 TSX-V-listed emerging gold producer Metanor Resources has closed a private placement, raising $5.93-million. A total of 5.25-million flow-through shares have been issued at a price of $1.13 apiece. 

Barrick, Shandong complete $960m deal

3rd July 2017 Barrick Gold has completed the sale of a 50% interest in the Veladero mine, in the San Juan province of Argentina, to Shandong Gold Mining for $960-million. The formation of a 50:50 joint venture at Veladero is the first of three steps outlined in a strategic cooperation agreement signed by... 

PTM closes $20m private placement

3rd July 2017 Dual-listed Platinum Group Metals on Monday closed the private placement of $20-million aggregate principal amount of convertible senior subordinated notes, due 2022. The company will use the proceeds for working capital at its flagship Maseve mine, near Rustenburg; for work on the definitive... 

Weatherly will still meet FY guidance despite production slowdown

30th June 2017 Aim-listed copper mining company Weatherly International has accelerated mining and stacking rates at its Tschudi mine, in Namibia, to compensate for the 24% fall in production rates in April, owing to slower leach rates. Production rates have already improved in May and June, with the company... 

AWE completes BassGas upgrade on time, in budget

30th June 2017 The final phase of the mid-life enhancement (MLE) project works at offshore gas deposit BassGas, which includes the installation and commissioning of a compressor and condensate pumping unit at the Yolla-A platform, has been completed ahead of time and under budget, ASX-listed AWE said on Friday.... 

Higher output lifts BNC’s FY17 pre-tax profit

30th June 2017 Bindura Nickel Corporation, a 74.43%-owned subsidiary of Aim-listed ASA Resources, on Friday reported a profit before tax of $1.4-million for the year ended March 31, up 15% from the prior year. The company's profit after tax was $609 000, compared with a profit of $649 000 the year before. 

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