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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

McDonald’s SA to invest R3bn in opening 120 new restaurants in 5 years

29th October 2018 Fast food franchise McDonald’s South Africa (McDonald’s SA) has committed to investing R3-billion in South Africa over the next five years. This was announced at the South African Investment Conference, held in Johannesburg, last week.  

ERG forecasts strong metals price recovery

29th October 2018 Diversified miner Eurasian Resources Group (ERG) forecasts a strong metals price recovery ahead, including for copper, cobalt, aluminium, ferrochrome and iron-ore. “Our view that commodities have fallen foul of wider macroeconomic concerns and the changing geopolitical landscape was confirmed... 

Raubex rightsizes road rehab division as lower Sanral work volumes bite

29th October 2018 JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to R157-million, compared with the R370-million profit... 

Famous Brands posts H1 organic growth, despite pressure on some business segments

29th October 2018 JSE-listed franchiser Famous Brands on Monday reported strong organic growth by its brands in the South Africa and Africa and Middle East (AME) regions during the six months to August 31. Operating profit for the first half of the financial year was up 3.9%, at R421.8-million, compared with... 

SA Express on track to relaunch Cape Town base by January 2019

29th October 2018 State-owned airline SA Express is charting a new path, since having returned to the skies in August, which is evidenced in the way it has managed to stabilise the business and maintain its operational performance in the past two months. To date, eight of its 18 aircraft have been recertified to... 

Metal Tiger, MOD JV prospecting licences extended

26th October 2018 Aim-listed Metal Tiger’s joint venture (JV) with ASX-listed MOD Resources, situated in the Kalahari copperbelt in Botswana, has been granted two-year extensions on its prospecting licences by the Botswana licensing authority. These licences were due for renewal by December 31, and hold the T3... 

DMR gives the green light for Afarak’s Zeerust chrome mine

26th October 2018 Aim-listed Afarak Group has been granted a Section 11 approval for its Zeerust chrome mine, by the Department of Mineral Resources (DMR), and preparations are under way to start operations during the fourth quarter. The Section 11 approval allows Afarak to start mining and to secure an... 

Eskom welcomes Fitch Ratings’ decision

26th October 2018 Ratings agency Fitch Ratings has affirmed Eskom’s long-term local currency issuer default rating and unguaranteed local currency senior unsecured ratings of ‘BB-’ . Fitch also maintained the national long-term rating at ‘A(zaf)’ and the national short-term rating at ‘F1(zaf)’.  

Glencore reports higher Q3 copper, cobalt output on Katanga restart

26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Hummingbird produces 22 206 oz of gold in Q3

26th October 2018 Aim-listed Hummingbird Resources poured 22 206 oz of gold at an average grade of 2.99 g/t, for the quarter ended September 30, which represents the company’s second full quarter of commercial production at the Yanfolila gold mine, in Mali. It sold 20 029 oz of gold at an average price of $1... 

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