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Esmarie Iannucci

 

Esmarie Iannucci is Creamer Media Senior Deputy Editor: Australasia for Mining Weekly.

Email: newsdesk@engineeringnews.co.za

Received BTech degree in Journalism from the Tshwane University of Technology

DRDGold posts December quarter profit, output down

6th February 2009 JSE-listed gold producer DRDGold has reported a 30% increase in headline earnings a share for the December quarter, rising to 13,6c a share. Net profit for the three-month period jumped to R33,4-million, from the previous quarter’s R8,8-million loss. 

Sonjica urges Africa to boost internal demand for continent's minerals

5th February 2009 Africa’s combined efforts should be focused on creating internal demand for the consumption of the continent’s large repository of mineral resources, South Africa’s Minister of Minerals and Energy, Buyelwa Sonjica said on Thursday. She said that this would lessen the extent of the continent’s... 

Northam expects weaker H2 earnings, says Booysendal on track

5th February 2009 JSE-listed mid-tier platinum producer Northam reported a 21,5% drop in interim earnings, and warned on Thursday that it would report weaker results in the second half of the financial year, owing to lower metal prices. Profit for the six months ended December 2008, had decreased from... 

Pamodzi temporarily shuts Free State underground operations

4th February 2009 Underground mining at Pamodzi Gold’s Free State operations had been stopped on Wednesday, after the municipality cut water supplies, owing to a late payment. Spokesperson Bongi Radebe said that Shaft 1 and Shaft 2 had been closed to underground operations, owing to the lack of access to fresh... 

Barra's Mt Thirsty could be one of top-5 cobalt mines, bankable study to start soon

4th February 2009 Exploration and mining company Barra Resources on Wednesday stated that its 50%-owned Mount Thirsty cobalt/nickel project, in Western Australia, had to potential to become one of the top five cobalt producers globally. In its quarterly report for the period ended December 2008, the company... 

Pricing pressure in ferroalloy, iron-ore markets to continue in ’09 - ENRC

4th February 2009 Kazakhstan-based diversified miner Eurasian Natural Resources Corporation (ENRC) on Wednesday stated that it anticipated reduced production volumes and pricing pressures to continue into 2009, and that the first half of the year was unlikely to show an improvement. In November, the group... 

Syndicated, Universal Resources agree on JV terms for Australian project

4th February 2009 ASX-listed Syndicated Metals has reached an agreement with mineral exploration company Universal Resources on the terms of a joint venture (JV), in which Syndicated could earn an 80% interest in the Dronfield minerals tenement, in Northwest Queensland. A formal agreement was now being prepared... 

Churchill says three investors interested in Indonesian coal project

4th February 2009 Indonesia-focused Churchill Mining has stated that three companies were currently conducting due diligence processes at its East Kutai coal project (EKCP), with the vision of either investing or becoming joint venture partners in the project. The Aim-listed company stated that while the three... 

Obtala gets option to buy gold exploration licences in Tanzania

4th February 2009 London-listed base- and precious-metals explorer Obtala Resources has completed an option agreement for five additional gold prospecting licences in Tanzania, with Tanzania-based Atlas Africa. The five prospecting licences, granted for all minerals other than building materials and gemstones,... 

Gindalbie shareholders approve $162m AnSteel share placement

4th February 2009 Australian iron-ore producer Gindalbie Metals on Wednesday said that it had received overwhelming support from its shareholders for the proposed $162,06-million share placement, to its joint venture (JV) partner Ashan Iron & Steel (AnSteel). The shareholder approval cleared the way for the... 

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