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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Armadale completes strategic financing for Mahenge Liandu

27th February 2019 Aim-listed Armadale Capital has raised £795 275 through the placing of 72.30-million shares at a price of 1.1p apiece to support the completion of the definitive feasibility study (DFS) for its Mahenge Liandu graphite project, in Tanzania. “The strategic financing announced today provides the... 

Fresnillo FY profit down 38%

26th February 2019 LSE-listed Fresnillo’s financial performance for the full year ended December 31, 2018 was impacted by a challenging operational environment, the Mexico-focused company reported on Tuesday. The miner recorded adjusted revenue of $2.24-billion, 0.5% increase compared with 2017, with lower prices... 

Premier to recommence drilling at Zimbabwe project

26th February 2019 Aim-listed Premier African Minerals will recommence drilling at its wholly-owned Zulu lithium and tantalum project, in Zimbabwe. Mobilisation will begin immediately and drilling is expected to begin as soon as mobilisation is complete and seasonal rains permit, the company announced in a... 

AECI posts record profit from operations for FY18

26th February 2019 Specialty chemicals group AECI has achieved its highest ever profit from operations of nearly R2-billion for the year ended December 31, 2018. This was 27% higher than the R1.58-billion profit from operations achieved in 2017. 

BlueRock sells two D-colour Kareevlei diamonds

22nd February 2019 Aim-listed BlueRock Diamonds has sold the 8.97 ct diamond and the 16.28 ct diamond, that it recovered earlier this month at its Kareevlei diamond mine, in the Kimberley region of South Africa. The 8.97 ct diamond achieved a price of $8 306/ct, valuing it at $74 513, while the 16.28 ct diamond... 

Lucara records strong 2018 operational performance at Karowe mine

22nd February 2019 Lucara Diamonds’ Karowe mine, in Botswana, achieved a strong operational performance in 2018, meeting or exceeding guidance in all areas, the company said on Thursday. Tonnes mined for the year ended December 31, 2018, reached 18.1-million, in line with guidance of 15.5-million to 18.7-million... 

Gemfields unveils new $15m automated ruby sort house in Mozambique

22nd February 2019 Gemfields on Friday unveiled a new ruby sort house near its Montepuez ruby mine (MRM), in Mozambique. The gemstone miner noted in a statement that the sort house, in which it invested $15-million, was the first of its kind for the gemstone industry and would be on par with the best diamond... 

Gemfields’ latest Lusaka emerald auction generates $10.8m in revenue

21st February 2019 Gemfields’ latest auction of predominantly commercial-quality rough emeralds, held in Lusaka, Zambia from February 18 to 20, saw 24 companies placing bids and generated revenue of $10.8-million with an overall average value of $4.39/ct. 

Endeavour Mining appoints Mark Morcombe COO

21st February 2019 Gold producer Endeavour Mining has appointed Mark Morcombe COO, with effect from May 6. He will succeed Jeremy Langford, who will be leaving Endeavour on February 28. 

African cobalt to continue dominating EV battery space – consultant

21st February 2019 Africa will continue to play a dominant role in the supply of cobalt for use in electric vehicle batteries, says Core Consulting MD Lara Smith. Speaking at a South African Institute of Mining and Metallurgy (SAIMM) breakfast seminar, in Johannesburg, on Thursday, she indicated that, from an... 

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