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Nadine James

Nadine James

Nadine James is a Creamer Media Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Lonmin’s Q1 results show improved liquidity despite relatively poor performance

8th February 2019 Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had been partially redeemed by its improved liquidity. The company noted that the first quarter is... 

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

8th February 2019 Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for the six months ended December 31. This means EPS is expected to increase by between 110% and 114%... 

Katoro issues shares to settle fees, creates option for management

8th February 2019 Aim-listed Tanzania-focused gold exploration company Katoro Gold on Friday announced the issue of options to its board of directors and the company’s management, as well as the settlement of certain fees through the issue of new ordinary shares. The board has resolved to issue 14.94-million new... 

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

7th February 2019 State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced on Thursday. Discussions around this project... 

Indiana Resources enters into JV with Altus for majority stake in Mali gold projects

7th February 2019 Aim-listed exploration company Altus Strategies on Thursday announced that it has signed a nonbinding term sheet for a joint venture (JV) with ASX-listed Indiana Resources. Subject to entering into a definitive agreement with Altus, Indiana will have the option to earn up to an 85% interest in... 

Nordgold’s new Lefa mining permit effective from March 21

7th February 2019 Aim-listed gold producer Nordgold announced on Thursday that a new mining permit for its Lefa mine – one of Guinea’s largest gold producing mines – will be effective from March 21. The permit, as well as the convention that was renewed last year, were extended for 15 years, in line with Lefa’s... 

Letšeng delivered record number of large diamonds for Gem in 2018

7th February 2019 Relatively stable carat recovery and sales contributed to a strong performance for LSE-listed Gem Diamonds in the fourth quarter ended December 31. Gem on Thursday reported that it had recovered three diamonds larger than 100 ct at its Letšeng mine, in Lesotho, during the quarter, taking the... 

Total makes significant discovery off South Africa’s southern coast

7th February 2019 Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda well encountered 57 m of net gas condensate... 

Northam achieves record H1 operating profit, R5bn in revenue

7th February 2019 Northam, in an operational update released on Thursday, announced that it expects to report a record operating profit of R1-billion for the six months ended December 31, 2018. Its operating profit ballooned by 204.3% from the R338.8-million operating profit achieved in the six months to December... 

Pan African’s low-cost Elikhulu exceeding expectations

1st February 2019 Pan African Resources’ Elikhulu operation, in Evander, Mpumalanga is achieving a better-than-expected production performance, CEO Cobus Loots noted during an investor and media tour at the operation, on Thursday. As reported by Mining Weekly Online last month, the Elikhulu project, which started... 

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