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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

Implats finalises terms on dual bond offering

26th May 2017 JSE-listed Impala Platinum (Implats) on Friday concluded the final terms of its dual offering of R3.25-billion unsecured convertible bonds and $250-million unsecured convertible bonds, both due 2022. The platinum miner’s rand-denominated bonds will hold a 6.375% yearly interest rate, while the... 

Premier’s RHA mine ships first concentrate

25th May 2017 Multicommodity resource and development company Premier African Minerals is preparing to mark its first shipment of wolframite concentrate from the newly upgraded plant at its RHA tungsten mine, in Zimbabwe, to Durban, South Africa. This followed the Aim-listed group’s receipt of all the required... 

Firestone to shed Botswana assets in $5.1m deal

24th May 2017 Aim-listed Firestone Diamonds has entered into a conditional option agreement to potentially sell its Botswana assets to Gareth Penny- and Diacore Diamond-led special purpose vehicle Amulet Diamond for $5.1-million in cash. The option, effective from June 1 for up to 14 months, included... 

Petmin to delist by June as Bidco buyout becomes unconditional

23rd May 2017 JSE-listed Petmin on Tuesday announced that it was on track for a June delisting from the Johannesburg bourse as newly incorporated public company Bidco’s acquisition of all or a portion of its issued ordinary shares becomes unconditional. Petmin expected to terminate its listing of shares on the... 

Gold miners slowly shift focus to growth

23rd May 2017 Gold miners are gradually shifting their focus to growth and renewed investments after years of financial austerity measures and the prioritisation of cost competitiveness and core assets. While firms will remain committed to lowering costs to improve their competitiveness and reducing debt to... 

Hummingbird reaches new Yanfolila milestone

22nd May 2017 Aim-listed Hummingbird Resources on Monday announced the delivery of its longest lead time item – the ball mill – to the under-construction Yanfolila gold project, in Mali. "As the longest lead time item, the delivery of the ball mill (shipped from Europe) to site is a significant milestone for... 

Afarak delivers ‘exceptional’ Q1 results

12th May 2017 LSE- and Nasdaq-listed Afarak Group has started the new financial year on a strong foot as the first quarter of the year delivered the highest quarterly gains in the company’s history. Afarak reported “significant” improvements on the back of higher ferrochrome prices and strengthening market... 

Eastplats to undertake further assessment work at Mareesburg

12th May 2017 A focused reassessment and additional work is targeted for the Mareesburg openpit project, in Limpopo, as dual-listed Eastern Platinum (Eastplats) takes a “fresh look” at its mineral properties during this year, with a view to advance available development opportunities. The company said on... 

Alecto’s Mowana now producing full-time

12th May 2017 Africa-focused gold and copper exploration and development company Alecto Minerals on Friday announced that its Mowana copper mine, in Botswana, has developed into a full-time copper production operation. Following the first blasts at the end of April, a successful trial period produced over 1... 

DiamondCorp officially appoints administrators

10th May 2017 The appointment of Cork Gully’s Stephen Cork and Jo Milner as joint administrators for embattled diamond development company DiamondCorp became effective on Wednesday. Late in April, the company had filed notice of its intention to appoint the administrators after the board had determined that... 

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