R/€ = 16.22 Change: -0.11
R/$ = 14.37 Change: -0.20
Au 1237.84 $/oz Change: -8.05
Pt 791.40 $/oz Change: -12.49

Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


De Beers reports stable ninth sales cycle before retail selling season starts

20th November 2018 Diamond miner De Beers sold $440-million worth of rough diamonds during the ninth sales cycle of this year. This is lower than the $475-million worth of diamonds sold in the eighth cycle of the year, as well as the $503-million worth of diamonds sold in the seventh cycle. 

AMCU workers to strike at Sibanye’s South Africa gold mines

19th November 2018 Nearly 14 000 workers of gold miner Sibanye-Stillwater will down tools at its South African gold operations this week, after months of wage negotiations with the Association of Mineworkers and Construction Union (AMCU) reached a deadlock. The gold miner confirmed on Monday that AMCU members... 

PEA deems TriStar gold project in Brazil viable for 1.1Moz gold

19th November 2018 A preliminary economic assessment (PEA) study, conducted by GE21 Consultoria Mineral on behalf of TriStar Gold for its Castelo de Sonhos gold project, in Brazil, highlighted life-of-mine recoverable gold of 1.1-million ounces, or an average of 120 000 oz/y. The Castelo de Sonhos project will... 

Galantas private placement to raise up to £4m

19th November 2018 Aim- and TSX-V-listed Galantas Gold on Monday announced a private placement of common shares, which should complete the equity element of funding required to achieve its 30 000 oz/y gold concentrate target. The private placement would be for a minimum of 64-million shares and maximum of... 

Chile copper production seen growing by 4% next year

19th November 2018 Chile is set to deliver steady production growth of 4% next year, as the risk of labour strikes decreases and mines are upgraded, Fitch Solutions Macro Research says in a report, also warning that declining grades pose a downside risk to its long-term forecast. Fitch states that Chile’s copper... 

Gemfields generates $28m from Singapore emerald auction

19th November 2018 JSE-listed Gemfields has generated $28.4-million in revenue from last week’s rough emeralds auction, which 40 companies attended in Singapore. The company said on Monday that the proceeds of the auction would be fully repatriated to its 75%-owned subsidiary Kagem Mining and would be used to... 

Kirkland appoints new CFO, VPs

19th November 2018 TSX-, NYSE- and ASX-listed Kirkland Lake Gold has appointed David Soares CFO and Eric Kallio exploration senior VP, effective immediately. The company on Monday in a statement also announced a number of internal management changes, including outgoing exploration VP for Australia John Landmark... 

Nespresso to use Rio Tinto’s responsibly-sourced aluminium in coffee capsule production

19th November 2018 Nespresso, an operating unit of Nestlé Group, will be the first company to use responsibly-sourced aluminium from global miner Rio Tinto to produce its coffee capsules. The two companies have signed a memorandum of understanding (MoU) to work together with Nespresso’s capsule manufacturers to... 

Ncondezi $5.1m loan gets extended maturity date to November 2019

16th November 2018 Aim-listed Ncondezi Energy has reached formal agreement to amend its $5.1-million loan, which received an extended maturity date to November 2019. Before a restructuring process started, the loan would have matured in September.  

Masango resigns as Eskom capital division executive

16th November 2018 Eskom group capital division executive Abram Masango has resigned, the Mail & Guardian reported on Friday. This follows after Eskom's announcement earlier in the day that it had suspended him, pending an investigation into various allegations of impropriety against him relating to the Kusile... 


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