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Megan van Wyngaardt

Megan van Wyngaardt

Megan van Wyngaardt is Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Jubilee posts stronger interim results

30th March 2017 Noting that its financial results for the six months to December 31, reflected its transformation and continued strong growth in establishing itself as a significant metals producer, dual-listed Jubilee Platinum on Thursday posted a significant increase in gross profit to £900 000, up from the... 

Mining starts at Edenville’s Rukwa project

30th March 2017 Mining has started at Aim-listed Edenville Energy’s Rukwa coal-to-power project, with the crushing of several hundred tonnes of coal already completed. The miner on Thursday said the majority of the coal produced so far has been crushed using a temporary crushing facility Edenville refurbished... 

Petra Diamonds issues $600m in notes

30th March 2017 To refinance its existing $300-million, 8.25% senior secured second lien notes, Petra Diamonds launched a $600-million notes issue on Thursday. Proceeds will also be used to repay all drawn bank facilities and for general corporate purposes. 

Promulgation of Mining Charter to dent South Africa’s risk, reward score – BMI

29th March 2017 If the proposed Mining Charter is promulgated, it will dent South Africa’s score on global research firm BMI Research’s Sub-Saharan Africa Mining Risk Reward Indices, as it could deter investment. The research firm currently places South Africa as the second-most attractive country for capital... 

Armadale starts graphite exploration programme at Tanzania mine

29th March 2017 An exploration programme at dual-listed Armadale Capital’s Mahenge Liandu graphite project in Tanzania, aimed at upgrading its resource estimate, has kicked off. The project currently has an existing Joint Ore Reserves Committee-compliant inferred mineral resource estimate of 40.9-million tonnes... 

Avesoro turnaround strategy to start bearing fruit this year

29th March 2017 In “a year of transition”, dual-listed Avesoro Resources has posted revenues of $63.6-million for the year ended December 31, generated from gold sales of 50 264 oz at an average realised price of $1 266/oz. “While the period was challenging for the company, the new leadership team [introduced in... 

Wesizwe to report higher earnings for FY16

27th March 2017 Platinum miner Wesizwe Platinum, which is developing the Bakubung mine, near Rustenburg, expects to post improved results for the financial year to December 31, with basic earnings a share forecast to increase by 144% to 164%, to between 15.17c and 22.01c. This compares with the basic loss a... 

Erin Energy enters farm-out agreement over two oil blocks in The Gambia

27th March 2017 Dual-listed Erin Energy Corporation has entered into a definitive farm-out agreement with ASX-listed oil and gas company FAR, which will acquire an 80% interest and operatorship of Erin’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. 

Premier African Minerals raises over £2m in oversubscribed offer

27th March 2017 Aim-listed Premier African Mineral’s offer, made on Friday, to raise £1.5-million, at 0.5p per new ordinary share, received a very strong response from private and institutional investors, with the offer being oversubscribed. The offer was on a first come, first served basis and was closed early... 

Transnet offers voluntary severance packages to staff

24th March 2017 Transnet on Friday confirmed that it is offering voluntary severance packages (VSPs) to its management and bargaining unit employees to streamline its business and ensure the group’s long-term sustainability. The parastatal cited subdued global economic growth, including a weak economic outlook... 

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