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Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Westgold tops up gold hedge

9th February 2018 Western Australian miner Westgold Resources has used the recent spike in Australian dollar gold prices to top up its hedge position, effectively adding 60 000 oz at A$1 710/oz. This takes Westgold's total hedge position to 123 750 oz at A$1 678/oz, which completely amortises in calendar 2018 with... 

Work persists on S African platinum coin despite initial resistance

9th February 2018 This year is shaping up to be another strong year for London-based World Platinum Investment Council’s (WPIC’s) market development efforts, with several new partnerships agreed to and existing agreements flourishing, says WPIC research director Trevor Raymond.  

Connectivity can help PGM mines’ sustainability

9th February 2018 Underground connectivity in platinum-group metals (PGMs) operations in South Africa is expected to increase, assisting the struggling sector in predicting failures before they take place, thereby reducing the impact on operations, says mining equipment and services provider Sandvik Mining & Rock... 

PGM prices set to decline in 2018, after initial growth

9th February 2018 The price of platinum is projected to rise this year to $1 038/oz, then decline to an average price of $862/oz, with palladium expected to reach a high of $1 168/oz and decline to an average price of $948/oz, forecasts 2017 London Bullion Market Association Survey winner Glyn Stevens. 

Gold-backed ETFs added 27.6 t in January – WGC

8th February 2018 Gold-backed exchange-traded funds (ETFs) added 27.6 t in January, the World Gold Council reported on Thursday. It added that North American funds accumulated 21.5 t of gold valued at $940-million, with 1.8% of assets under management. 

Kin starts site development activities at Leonora

8th February 2018 ASX-listed gold development company Kin Mining has started site activities at its 100%-owned Leonora gold project (LGP), in the North-Eastern goldfields of Western Australia. Clearing, de-grubbing and stockpiling of topsoil within the approved processing facility boundary works have started and... 

Environmental appeal sets back Dragon Mining's HKEx listing plans

8th February 2018 Gold miner Dragon Mining is preparing an updated submission to the Hong Kong Stock Exchange (HKEx) for a listing application, after an appeal of its test mining permit at Fäboliden, northern Sweden, has delayed its listing plans. The company, which will delist from the ASX, has to obtain an... 

Weatherly buys additional 65% of Berg Aukas project

5th February 2018 Aim-listed Weatherly International has entered into a binding agreement to increase its ownership of private Namibian company China Africa Resources Namibia (CARN) from 25% to 90%. CARN, which owns 100% of the high-grade Berg Aukas underground zinc/lead/vanadium project near Grootfontein, in... 

Sibanye-Stillwater achieves positive FY17 operating results

5th February 2018 Precious metals producer Sibanye-Stillwater produced 1.4-million ounces of gold in the year ended December 31, exceeding guidance of 1.35-million to 1.38-million ounces. In a trading update published on Monday, the company reported that gold production for the second half of the year was 4%... 

Heron awards port services contract for Woodlawn mine

5th February 2018 Base metals firm Heron Resources has awarded the port services contract for its Woodlawn zinc/copper project, in New South Wales, to Australia-owned and -operated private company Port Kembla Gateway (PKG). The port services contract encompasses provision of receival, storage and ship loading... 

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