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Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Tharisa expands its presence in Zim with acquisition of Karo stake

22nd June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

PTM subsidiary, Capricorn municipality ink plan to increase water supply

19th June 2018 Waterberg JV Resources, the operating company of the Waterberg Joint Venture (JV), has entered into an agreement with the Capricorn district municipality, in Limpopo, to jointly develop a water supply management plan to increase the water supply and infrastructure capacity for both the local... 

Trans Hex expects to widen FY loss

19th June 2018 Diamond miner Trans Hex expects to report a loss a share of 175.6c for the financial year ended March 31, compared with a loss a share of 173.6c in the prior financial year. The company further expects to report a headline loss a share of 216.5c, compared with a headline loss a share of 114.6c in... 

Harmony repays $100m on bridge facility, strengthens balance sheet

19th June 2018 Harmony Gold Mining has repaid a further $100-million of the original $200-million bridge loan raised for the acquisition of its recently-acquired Moab Khotsong gold mine, in the North West. “Harmony believes in having a robust and flexible balance sheet that supports its growth ambitions,”... 

Gem declares $18.3m in payments to Lesotho, Botswana governments

19th June 2018 Gem Diamonds paid just over $18.3-million to the governments of Lesotho and Botswana for extractive activities completed in the financial year ended December 31, 2017. Of this amount, about $18.1-million was paid to the government of Lesotho, with the balance of $230 000 paid to the Botswana... 

Charter in current form will not promote investment, growth – MCSA

18th June 2018 The Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity... 

Kefi raises £3m; issues shares to contractors, third parties

15th June 2018 Aim-listed Kefi Minerals has conditionally raised £3-million, equivalent to about $4-million, through a placing of 120-million new ordinary shares at 2.5p apiece to existing and new shareholders. The placing proceeds net of expenses are expected to be about £2.8-million and will primarily be used... 

Tharisa expands its presence in Zim with acquisition of Karo stake

13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

Harvest to raise £9m for Brazil project

11th June 2018 Aim-listed Harvest Minerals on Monday launched an accelerated bookbuild to raise about £9-million. The gross proceeds of the placing, if fully subscribed, will be substantially applied to the development of production expansion at the Arapua fertiliser project, in Brazil, and product marketing,... 

Pembridge, Japanese trading house enter into $30m offtake financing arrangement

11th June 2018 LSE-listed Pembridge Resources has signed definitive heads of terms with a global Japanese trading house to receive $30-million in prepayment financing through an offtake financing agreement for 125 000 t of copper concentrate to be produced at the Minto copper/gold/silver mine, in Canada. The... 

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