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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

Auditor General findings on water department disturbing – Outa

24th April 2017 The Organisation Undoing Tax Abuse (Outa) is investigating alleged abuse of capital grants, which were intended to address the dire situation of South Africa’s increasingly threatened natural water resources, following “disturbing” findings by the Auditor General (AG) in a special performance... 

Competition Commission approves buyout of ASA Metals' ferrochrome production assets

24th April 2017 The Competition Commission has recommended that the Competition Tribunal approve the proposed merger between ferrochrome producer ASA Metals and Newco. Newco is a newly created joint venture between Sinosteel and Samancor. Sinosteel operates globally in the production, supply and procurement of a... 

Global steel production reaches 410Mt in Q1

24th April 2017 South Africa produced an estimated 1.56-million tonnes of steel in the first quarter of the year, the World Steel Association (worldsteel) said on Monday. This was roughly the same as the 1.54-million tonnes  produced in the first quarter of 2016 and came on the back of flat year-on-year... 

Diamond production at Petra’s operations flat during rainy season

24th April 2017 LSE-listed Petra Diamonds’ production of 999 768 ct for the third quarter, ended March 31, was only marginally higher than the 995 905 ct it produced in the same quarter of 2016. However, run-of-mine (RoM) production for the quarter increased 18% to 760 916 ct, as RoM grades improved owing to the... 

CIG uncertain about local outlook, but sees growth potential in Africa

24th April 2017 Pan-African infrastructure group Consolidated Infrastructure Group (CIG) on Monday posted revenue growth of 29% to R2.7-billion for the six months to February 28, owing to its strategy to expand across Africa’s energy markets. The company further reported a 20% year-on-year increase in its... 

AfDB welcomes Zambia, Ghana to bond index

24th April 2017 The African Development Bank (AfDB) has added Zambia and Ghana to its African Bond Index (ABI), expanding the index to the eight most liquid sovereign bond markets in Africa. The ABI provides investors with a tool with which to measure and track the performance of Africa’s bond markets. 

De Beers achieves 8% y/y increase in Q1 diamond output

24th April 2017 Diamond giant De Beers’ rough diamond production increased by 8% to 7.4-million carats in the first quarter of the year, reflecting the contribution of the Gahcho Kué mine, in Canada. The joint venture mine reached commercial production on March 2 and contributed 600 000 ct to De Beers’... 

Anglo American achieves strong Q1 operational performance

24th April 2017 Diversified major Anglo American, led by CEO Mark Cutifani, posted a strong operational performance in the quarter ended March 31, with higher output achieved for most of its products, except copper and nickel. South African coal production increased 9% to five-million tonnes in the first quarter... 

Acquisitions add value to Rebosis’s interim results

24th April 2017 Despite the tough domestic economic environment, JSE-listed property company Rebosis declared a dividend of 60.80c apiece for the six months to February 28. This amounted to a 7.1% year-on-year growth, within the company’s 7% to 9% guidance for the full year. 

Outa welcomes Brown’s decision to refuse Molefe’s R30m pension payout

24th April 2017 The Organisation Undoing Tax Abuse (Outa) on Monday welcomed Public Enterprises Minister Lynne Brown’s decision to decline State-owned electricity provider Eskom’s proposal to pay its former CEO Brian Molefe a R30-million pension payout, noting that it was setting a precedent by placing an end to... 

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