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OneLogix warns of up to 80% y/y decrease in earnings a share

By: Darren Parker     8th August 2022 JSE-listed logistics company OneLogix has advised its shareholders to expect a drop of between 60% and 80% year-on-year in earnings a share to between 2.5c and 5c for the financial year ended May 31. Similarly, headline earnings per share (HEPS) are also expected to decrease by between 55% and... 

Barrick takes lead in holistic ESG integration amid ‘greenwashing’ scepticism 

By: Martin Creamer     8th August 2022 Gold and copper mining company Barrick has taken the lead in integrating the various aspects of environmental, social and governance (ESG) to ensure holistic and objective measurement, Barrick CEO Dr Mark Bristow stated on Monday, when the New York- and Toronto-listed company reported strong... 

Bushveld appoints interim chairperson after Watson retires

By: Donna Slater     8th August 2022 Aim-listed integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals has appointed Michael Kirkwood as interim chairperson, following incumbent Ian Watson’s retirement. Watson’s retirement became effective as of Bushveld’s annual general meeting (AGM) on August... 

Gold Resources provides Michigan enviro dept with an update on Back Forty improvements

By: Tasneem Bulbulia     8th August 2022 NYSE-listed gold and silver miner Gold Resources said in a statement on August 5 that it had been invited by the Michigan’s Department of Environment, Great Lakes and Energy (EGLE) to participate in a scoping environmental-impact assessment (SEIA) Meeting on the day. The company said it was given... 

Nothing adds more value than improving operational performance – AngloGold 

By: Martin Creamer     5th August 2022 Gold mining company AngloGold Ashanti is firmly focused on operation performance and the recovery of cost competitiveness as it implements its full asset potential review programme, on which it will report at three-monthly intervals. This was made clear by AngloGold Ashanti CEO Alberto Calderon... 

Electricity reforms to spur ‘boom in private fixed investment’ 

By: Terence Creamer     5th August 2022 Minister in the Presidency Mondli Gungubele says the reforms under way in the electricity sector – including the removal of the 100 MW licensing threshold for distributed generation projects and the expedited procurement of new capacity from renewables, gas and battery storage – will “supercharge... 

AngloGold declares $121m first-half dividend on strong cash flow, higher production 

By: Martin Creamer     5th August 2022 Gold mining company AngloGold Ashanti on Friday declared an interim dividend of $121-million on 3% higher year-on-year production and a strong cash-flow improvement. First-half production for the first six months of 2022 was 1.233-million ounces, with second-quarter output up 10% on strong... 

Rio Tinto attracts several proposals to build 4 GW of wind, solar power

By: Reuters     5th August 2022 Global miner Rio Tinto has received several offers to build 4 GW of wind and solar farms to power its alumina and aluminium operations in Australia's Queensland state, the company's Australia head said on Friday. Rio Tinto CEO Australia Kellie Parker said the company, the country's biggest... 

MCA calls for nuclear inclusion

By: Esmarie Iannucci     5th August 2022 The Minerals Council of Australia (MCA) has called for the inclusion of next generation nuclear technologies to be considered as part of the Australian energy mix. MCA CEO Tania Constable said this week that these technologies could play an important role in building Australia’s economic... 

New solution helps mines achieve 'optimal' blasting results

By: Schalk Burger     5th August 2022 Blasting technology and services company Bulk Mining Explosives (BME) has launched the next generation of its XPLOLOG blasting control real-time data solution to help mines achieve optimal blasting results to support mining efficiency. “It is important to have quick access to data on drill holes,... 

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