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Natasha Odendaal

Natasha Odendaal

Natasha Odendaal is Creamer Media Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Eskom tariff hike a threat to mining jobs – CoM

17th November 2017 The Chamber of Mines (CoM) on Friday opposed State-owned power utility Eskom’s proposed 19.9% tariff increase application, stating that the increase would send South Africa into a vicious downward spiral of higher electricity prices, lower growth and lower electricity consumption. Presenting at... 

Arafak Q3 impacted by seasonal factors

17th November 2017 After delivering positive and robust first and second quarters, Nasdaq- and LSE-listed Afarak Group’s third quarter was hit by seasonal fluctuations. The group on Friday posted strong revenue growth on the back of higher ferrochrome prices and strong market fundamentals; however, profitability... 

Chamber condemns mines’ deteriorating safety performance

17th November 2017 The Chamber of Mines (CoM) on Monday expressed concern over the rising number of fatalities in South Africa’s mines after recent accidents brought the number of fatalities to date this year to 76, overtaking the 73 deaths reported for the same period in 2016. Over the last few weeks, several... 

Mkango shares jump on Talaxis investments

16th November 2017 The share price of Mkango Resources on the LSE surged by up to 135% on Thursday afternoon after the company reported securing a £12-million direct investment that will enable the funding of a bankable feasibility study (BFS) for its Songwe Hill rare-earth project, in Malawi. The company’s shares... 

Lily mine remains in limbo, parties need to get together – Solidarity

15th November 2017 As the future of the distressed Lily mine hangs in the balance, trade union Solidarity has called on all parties to expedite the processes under way and make a decision on the mine’s future. With every potential transaction thus far having failing to rescue the idled operation over the past 18... 

Alphamin eyes AltX listing, proposes final $50m raising for Bisie construction

14th November 2017 TSX-V-listed Alphamin Resources is working to jump the final funding hurdle for its Bisie tin project, in the North Kivu province of the Democratic Republic of Congo, through a secondary inward listing on the AltX of the JSE. The exploration and development company has already raised or secured... 

Ivanhoe agrees to rehabilitate critical rail line in DRC

10th November 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

Price increases, ore depletion seen boosting marine mining

10th November 2017 As demand for rare earths and precious minerals increase amid a drive towards a low-carbon economy, depleting land-based reserves are increasingly boosting the commercial viability and attractiveness of the “last frontier” of deep sea mining. With growing demand driving the prices for copper,... 

Rockwell subsidiaries’ liquidation application postponed to March; Ascot eyes gap for acquisition

9th November 2017 With the liquidation application for three JSE-listed Rockwell Diamonds subsidiaries postponed to March next year, Ascot Diamonds can now continue its bid for the subsidiaries and, subsequently, the acquisition of N9C Resources, one of Rockwell’s Cayman Islands subsidiaries. The Canadian alluvial... 

Gold demand falls to 8yr low in Q3

9th November 2017 Global gold demand fell to an eight-year low in the third quarter of this year, following a “softer quarter” of demand in the jewellery sector and significantly lower inflows into exchange-traded funds (ETFs), the latest data from the World Gold Council (WGC) shows. The ‘Gold Demand Trends’... 

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