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Anine Kilian

Anine Kilian

Anine Kilian is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Nexus Gold receives new permit for Burkina Faso gold project

28th April 2017 Nexus Gold has received a new work permit for its Burkina Faso-based Bouboulou gold concession. The new permit is for an initial term of three years and can be renewed twice for a total term of nine years.  

Aviation executives expect rise in airline profitability in months ahead

28th April 2017 Airline CFOs and heads of cargo have reported a decline in profitability in the first quarter of this year, but expect profitability to rise over the coming 12 months. Nevertheless, the International Air Transport Association’s (Iata’s) latest quarterly business confidence index, recorded a wide... 

CoAL making progress to re-enter market as coal producer – Brown

28th April 2017 Triple-listed Coal of Africa Limited (CoAL) is making good progress in re-entering the market as a coal producer, CEO David Brown said in a quarterly update to shareholders on Friday. The company earlier this month announced that it would buy Pan African Resources’ Pan African Resources Coal... 

Ferrum’s JSE shares fall as it plans withdrawal from South African iron-ore project

28th April 2017 Ferrum Crescent’s share price on the JSE fell by 25% on Friday as the company announced it would withdraw from the Moonlight iron-ore project, in South Africa’s Limpopo province, unless an alternative development opportunity can be secured in the short term. This follows after the February... 

Stellar, Octea sign tribute mining agreement over Sierra Leone project

28th April 2017 Diamond development company Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining in respect of the combined Tongo-Tonguma kimberlite diamond project, in eastern Sierra Leone. “These agreements with Octea . . . will allow... 

Norilsk seeks damages from Botswana govt over stalled sale of Nkomati, Tati mines

28th April 2017 Norilsk Nickel will start legal proceedings against the Botswana government in relation to a stalled 2014 deal that would have resulted in Botswana copper and nickel producer BCL Mine acquiring Norilsk’s African assets. In October 2014, BCL agreed to buy Norilsk’s 50% interest in the Nkomati... 

Resgen makes first drawdown from extended facility agreement

28th April 2017 JSE-and ASX-listed Resource Generation (Resgen) has made the first drawdown of $2.4-million under an extended $8.4-million facility agreement. The company reported on March 14 that it had obtained the $8.4-million extension to a March 2014 facility agreement with Noble Resources International,... 

Downgrade will have consequences for small firms – AHI

28th April 2017 Small business representative organisation AHI says ratings agency Fitch’s decision to downgrade South Africa’s credit rating to junk status, will lead to lower economic growth, with some expecting billions of rands in outflows and a doubling of the current account deficit for South Africa. In... 

BMI sees steel market tightening over next three years

28th April 2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.  Despite the slowing in both global production and consumption growth, larger increases in absolute consumption, compared with production, will lead to a tightening of the market. 

Kefi, Ethiopian govt finalise community resettlement plan

26th April 2017 Aim-listed Kefi Minerals, along with the government of Ethiopia, have started resettlement arrangements for the Tulu Kapi community.   "Kefi and the government have worked diligently with the local community to ensure that they are supported and compensated appropriately throughout the... 

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