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Nadine James

Nadine James

Nadine James is a Creamer Media Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Yamana forecasts stable-to-positive production growth to 2020

15th February 2019 TSX-listed Yamana Gold expects stable-to-positive production growth, with gold and silver output forecast to increase to 955 000 oz and 12-million ounces, respectively, by 2020. In the fourth-quarter and full-year results announcement on Thursday, the company stated that gold production would... 

Weaker prices hit Silvercorp Q3 performance

15th February 2019 TSX-listed Silvercorp Metals, which owns and operates mines in China, on Thursday reported a net income of $8.7-million for the third quarter ended December 31 – representing a 31% year-on-year decline with the company achieving a net income of  $12.7-million in the third quarter of 2018. The... 

Local manufacturers to benefit from Mining Charter 3's implementation

14th February 2019 Mining Charter 3 and its Implementation Guidelines have created an environment where it is possible for local manufacturers to leverage procurement capacity to drive transformation, Department of Mineral Resources representative Xolile Mbonambi said at a breakfast held at the Industrial... 

Semafo forecasts 68% production increase for 2019

8th February 2019 TSX-listed West Africa-focused gold miner Semafo produced 244 600 oz of gold at its Boungou and Mana mines, in Burkina Faso, in 2018 – in line with its guidance of producing 235 000 oz to 265 000 oz. The company achieved a consolidated all-in sustaining cost (AISC) of $951/oz for the year. 

Lonmin’s Q1 results show improved liquidity despite relatively poor performance

8th February 2019 Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had been partially redeemed by its improved liquidity. The company noted that the first quarter is... 

Sasol expects higher H1 earnings, but warns of Lake Charles cost increase

8th February 2019 Chemicals and energy company Sasol expects to report earnings per share (EPS) and headline earnings per share (HEPS) of between R23.71 and R24.16 and between R22.97 and R23.68, respectively, for the six months ended December 31. This means EPS is expected to increase by between 110% and 114%... 

Katoro issues shares to settle fees, creates option for management

8th February 2019 Aim-listed Tanzania-focused gold exploration company Katoro Gold on Friday announced the issue of options to its board of directors and the company’s management, as well as the settlement of certain fees through the issue of new ordinary shares. The board has resolved to issue 14.94-million new... 

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

7th February 2019 State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced on Thursday. Discussions around this project... 

Indiana Resources enters into JV with Altus for majority stake in Mali gold projects

7th February 2019 Aim-listed exploration company Altus Strategies on Thursday announced that it has signed a nonbinding term sheet for a joint venture (JV) with ASX-listed Indiana Resources. Subject to entering into a definitive agreement with Altus, Indiana will have the option to earn up to an 85% interest in... 

Nordgold’s new Lefa mining permit effective from March 21

7th February 2019 Aim-listed gold producer Nordgold announced on Thursday that a new mining permit for its Lefa mine – one of Guinea’s largest gold producing mines – will be effective from March 21. The permit, as well as the convention that was renewed last year, were extended for 15 years, in line with Lefa’s... 

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