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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

Another fuel levy increase lies ahead, carbon tax to be implemented

20th February 2019 A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday. Further, the general fuel levy will increase by 15c/l for petrol and diesel from April 3, while the Road Accident Fund (RAF) levy will be increased by... 

Improved margins drive growth in AngloGold's free cash flow generation

19th February 2019 Gold miner AngloGold Ashanti achieved its guidance for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation, the company announced on Tuesday morning.   The gold miner further declared a dividend of 95c a share, equal to about $0.07.   During... 

Implats announces revised interim HEPS, EPS figures

18th February 2019 Following the release of a trading statement earlier this month, Impala Platinum (Implats) on Monday said that it “now has reasonable certainty” that its headline earnings and headline earnings per share (HEPS) for the six-month period ended December 31, 2018, are likely to be between... 

Sylvania on track to meet revised FY19 production guidance

18th February 2019 Sylvania Platinum CEO Terry McConnachie remains confident that Sylvania will achieve its revised production guidance of between 73 000 oz and 76 000 oz for the full 2019 financial year. The company’s Sylvania Dump Operations (SDO) had achieved only a marginal increase in production to 34 045 oz... 

Taseko closes Yellowhead Mining acquisition

18th February 2019 TSX- and NYSE-listed Taseko Mines has successfully added a near-shovel-ready copper project to its assets with the successful acquisition of  Yellowhead Mining. The company reported on Friday that the transaction had closed and that Yellowhead’s shares would be delisted from the TSX-V. 

Exxaro completes Tronox divestment

18th February 2019 Diversified miner Exxaro Resources on Monday confirmed that NYSE-listed mining and inorganic chemicals company Tronox has completed the first stage of its redomiciliation, whereby it has acquired Exxaro’s remaining ownership interest in Tronox Sands for just over R2.06-billion, or about... 

ARM expects increase in H1 headline earnings

15th February 2019 Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share for the six months ended December 31, to increase by between 8% and 15% to between R11 and R11.80, compared with the R10.23 reported for the first half of the prior financial year. This positive impact is as a... 

Mantashe calls for more security at mines following Gloria coal mine incident

15th February 2019 Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed. He also called for security at mines to... 

Govt, industry collaboration needed to create thriving diamond industry – Ernie Blom

15th February 2019 World Federation of Diamond Bourses president Ernie Blom has called on Mineral Resources Minister Gwede Mantashe, through an open letter, to put into practice what government has said regarding the development of the South African mining industry, in general, and to help “pave the road to... 

Centamin announces significant resource increase at Côte d'Ivoire projects

15th February 2019 A 120 000 m drill programme in 2018 across dual-listed Centamin’s wholly-owned landholdings in Côte d'Ivoire, has resulted in an increase of more than 100% in mineral resources, the company announced on Friday. A maiden resource has been declared at the ABC project, on the west side of the... 

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