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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

WG Wearne restates FY17 financial loss estimation

30th June 2017 Construction materials company WG Wearne on Friday said it had incorrectly calculated its losses for the for the financial year ended February 28. In a revised trading statement, the company said it now expected its results to reflect a basic loss a share of between 9.5c and 10.6c, up from the... 

Wesizwe appoints new FD

30th June 2017 JSE-listed Wesizwe Platinum has appointed Feng Tao FD, effective July 1. Tao, who holds an MBA from Schulich School of Business, York University, in the US, and a Bachelor of Law degree from Jilin University, Changchun, China, will fill the vacancy that was left open by the resignation of... 

Cokal to start production at BBM project soon

30th June 2017 ASX-listed Cokal on Friday reported that coal production was imminent at its flagship Bumi Barito Mineral (BBM) Anak project, in Indonesia. Cokal is in the process of establishing a small-scale coal mining operation, which will produce a high calorific-value, high-volatility pulverised coal... 

Randgold declares $173m in payments to governments for 2016

30th June 2017 Mark Bristow-led Randgold Resources made payments of $173-million to the jurisdictions where it operates in the year ended December 31, 2016. In a breakdown of its payments to governments, released on Friday, the gold miner noted that this included $161-million paid to the Mali government, where... 

Acacia paid $184m in taxes to governments in 2016

30th June 2017 Gold miner Acacia Mining paid $184-million to the governments of countries where it operates in 2016. Of this, $88.11-million in income tax and royalties was paid the government of Tanzania. When payroll-related and other taxes are included, this figure rises to 165-million. 

Gemfields applies for cancellation of Aim listing

30th June 2017 Gemfields has, at the request of Pallinghurst Resources, applied to the LSE for the cancellation of admission to trading its shares on Aim. Pallinghurst, led by CEO Arne Frandsen, on Tuesday said its offer to acquire the remaining interest in Gemfields had been accepted by shareholders holding... 

South Africa should be proud of wind energy achievements

30th June 2017 South Africa has, in three years, become the largest wind power producer on the continent, generating 1.4 GW of electricity from 600 wind turbines.  On the eve of Global Wind Day, South African Wind Energy Association (Sawea) CEO Brenda Martin said the industry should be proud, not only... 

Shell SA’s Mohale to head BLSA

30th June 2017 Business Leadership South Africa (BLSA) has appointed Shell South Africa upstream VP and chairperson Bonang Mohale as its CEO, effective July 1. Mohale, who succeeds Thero Setiloane after his term expired, said he would use his new position to create a South Africa that works for all. 

Argent’s FY profit increases to R106m

29th June 2017 Steel-based beneficiation group Argent Industrial on Thursday reported a R106-million operating profit for the year ended March 31, up from R91-million in the prior year. The JSE-listed company said this was despite its manufacturing division being adversely impacted on by the downturn in the... 

Eskom acting CE to focus on governance, ethics

29th June 2017 Eskom acting CEO Johnny Dladla is prioritising meeting with critical stakeholders, including employees, to share and get support for the company’s operational plans going forward. “Together with my executive management team, we will put special focus on corporate governance and ethics going... 

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