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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

SWC welcomes moratorium on Wild Coast mining, but remains sceptical

19th June 2017 Activist group Sustaining the Wild Coast (SWC) has welcomed a notice gazetted by Mineral Resources Minister Mosebenzi Zwane which blocks any mining or prospecting applications on the Xolobeni mine area, in Bizana, in the Eastern Cape, for the next 18 months, “or until the Minister is satisfied... 

Winter electricity tariffs, low prices prompt Samancor to switch out furnaces

19th June 2017 Chrome producer Samancor Chrome intends to switch out furnaces at its eMalahleni, Middelburg, Steelpoort and Mooinooi operations, owing to the higher winter tariffs charged by Eskom, paired with a “sudden” downturn in the chrome market. The recent downturn saw chrome ore prices dropping from... 

AfDB, Japanese agency sign seventh loan agreement

19th June 2017 The Japan International Cooperation Agency (Jica) has signed a Y34.41-billion, or around $300-million, loan agreement with the African Development Bank (AfDB), intended to promote economic growth and reduce poverty in Africa through supporting the private sector. The loan is part of the enhanced... 

Beowulf’s Swedish iron-ore project continues to face environmental approval delays

19th June 2017 Sweden’s Norbotten County Administrative Board (CAB), which is currently investigating the environmental impact of Aim-listed miner Beowulf’s Kallak North iron-ore exploitation concession, has said it needs more information to further assess the potential impact of a mining operation at Kallak... 

CRG receives $250 000 from Chinese investor

19th June 2017 Central Rand Gold (CRG) has received a further $250 000 tranche from its investor Jia Bang Wang. The tranche forms part of a $1-million loan agreement the dual-listed miner signed in January, which was said to provide the company with sufficient working capital for the immediate future and for... 

Sibanye reaches wage agreement with Stillwater union

19th June 2017 Dual-listed Sibanye has secured a two-year wage agreement with the United Steel Workers of America, International Union –  the representative union at its newly acquired Stillwater Mining Company platinum group metals operations in Montana, in the US. Under the terms of the agreement, there will... 

Imperial expects new supplier fund to accelerate logistics transformation

16th June 2017 Logistics company Imperial, along with small- and medium-sized enterprise investment company Awethu, on Tuesday launched the Sinawe Fund, aimed at investing in suppliers to improve broad-based black-economic empowerment (BBBEE) compliance, creating shared value and new black economic entrants.... 

Sibanye dismisses 1 514 striking workers at Cooke

15th June 2017 Sibanye Gold on Thursday confirmed that 1 514 workers had been dismissed at its Cooke operations, near Westonaria, for not returning to work. The workers had embarked on an illegal and unprotected strike following the company’s attempts to combat illegal mining, which was threatening Cooke’s... 

Alrosa, Dubai trader strengthen ties

15th June 2017 The Dubai Multi Commodities Centre (DMCC) and Russian diamond miner Alrosa have agreed to enhance diamond trade cooperation. The parties discussed options for expanding Alrosa’s trading activities at the Dubai Diamond Exchange – a DMCC entity – as well as agreements on enhanced efforts to stem... 

Trans Hex warns of widened losses for FY17

15th June 2017 South African diamond miner Trans Hex Group expects to have widened its losses for the 2017 financial year. In a trading update published on Thursday, the group said it expects to report a loss a share of 173.5c for the year ended March 31, compared with a loss a share of 94.4c in the prior year. 

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