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Marleny Arnoldi

Marleny Arnoldi

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

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Becsa to acquire IP-rich Matriarch Equipment

8th January 2019 JSE-listed heavy equipment manufacturer Bell Equipment Company South Africa (Becsa), a subsidiary of Bell Equipment, will acquire Matriarch Equipment for an initial consideration of R3.8-million. The consideration will also include a further consideration of up to R15-million based on the... 

Zijin to launch compulsory acquisition for remaining Nevsun shares

8th January 2019 Chinese group Zijin Mining has acquired a further 9.5-million shares, or 3.05%, of TSX- and NYSE American-listed Nevsun Resources for $57-million. Zijin last year offered to buy out all the issued and outstanding common shares of Nevsun for C$6 apiece.  

Imperial Metals halts Mount Polley operations amid copper price slump

8th January 2019 TSX-listed Imperial Metals Corporation has suspended operations at its Mount Polley mine, in Canada’s British Columbia province, owing to declining copper prices. The suspension plan of the mine includes milling of low-grade stockpiles, which should extend the operations to the end of May.  

eCobalt sees potential 1 200 t/d cobalt production rate at Idaho project

7th January 2019 TSX-listed eCobalt Solutions has identified the potential to increase the targeted production rate at its Idaho cobalt project to 1 200 t/d from the previously planned 800 t/d. The 50% increase in anticipated production within the updated mine plan should create more resilient project... 

Suncor achieves record quarterly oil-equivalent production of 831 000 bbl/d

7th January 2019 Energy company Suncor reported total upstream production of 831 000 bbl/d of oil equivalent for the fourth quarter of 2018. This marked a quarterly production record and represented a 12% increase from the third quarter. 

Africa, South America to drive copper mine capacity growth up to 2021 – ICSG

7th January 2019 The International Copper Study Group (ICSG) expects copper mine capacity to grow at an average rate of 2.2% a year up to 2021. The ICSG notes in its biannual ‘Directory of Copper Mines and Plants’ that the average is derived from the lower growth of about 0.5% seen in 2018/19 as compared to... 

Weaker times ahead for global equity markets, particularly South Africa – economist

7th January 2019 Citadel advisory partner and chief economist Maarten Ackerman says global equity markets, especially in the US, have enjoyed upward trends after the financial crisis of 2008/9, until recently. He notes that while economic growth around the world in 2018 was sound, leading to solid company... 

South Africa improves its score in 2018 Index of Economic Freedom

7th January 2019 South Africa’s ranking in the 2018 Index of Economic Freedom has improved, with the country ranked fourth in the Africa region and seventy-seventh out of 180 countries globally, reports Heritage Foundation. Marketing agency Brand South Africa research GM Dr Petrus de Kock says the index... 

Kibo to focus on technical works, PPAs for its projects during 2019

7th January 2019 With 580-million Africans still reliant on inefficient, unreliable and expensive energy sources, if any, Aim- and JSE-listed Kibo Energy will, this year, remain focused on the market opportunity this represents. This year will see Kibo fast-track the remaining technical work to complete an... 

Leagold expects increased production, cash flow in 2019

7th January 2019 TSX-listed Leagold Mining Corporation produced 302 550 oz of gold in 2018, in line with guidance of between 295 000 oz to 305 000 oz of gold. It operates four gold mines in Mexico and Brazil.  

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