R/€ = 16.29 Change: 0.02
R/$ = 15.08 Change: 0.04
Au 1639.55 $/oz Change: 30.56
Pt 987.69 $/oz Change: -5.23

Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Lucapa uncovers more potential for fancy diamonds from Lulo project

21st February 2020 ASX-listed Lucapa Diamond Company says further analysis of diamonds recovered at its Lulo project, in Angola, has confirmed the presence of rare Type IIa gems and light fancy yellow diamonds. This follows after the company earlier this week announced the recovery of 45 diamonds weighing 30.3 ct... 

Eskom’s survival cannot be based on continuing tariff increases, says Minerals Council

21st February 2020 The Minerals Council South Africa has reiterated the significant job losses that may result from power utility Eskom being granted the additional R27.3-billion in revenue it is seeking. In a media release issued ahead of a submission at public consultations held by the National Energy Regulator... 

Glencore to harness heat energy from residual flare gas to generate electricity at Lydenburg smelter

21st February 2020 Glencore Operations South Africa (GOSA) on Tuesday signed an energy conversion service agreement with clean-tech company Swedish Stirling. Swedish Stirling will install, operate and maintain an estimated 9.9 MW facility at GOSA’s Lydenburg ferrochrome smelter.  

Stellenbosch University appoints US expert to lead startup incubator

21st February 2020 Stellenbosch University has appointed US social entrepreneur Joshua Romisher CEO of its LaunchLab business incubator. From New York, to Silicon Valley to South Africa, Romisher has traded a career in investment banking to help the university create innovative startups in South Africa and... 

Palabora, Grindrod sign five-year magnetite handling contract

20th February 2020 JSE-listed freight and logistics company Grindrod has entered into a five-year contract to transport five-million tonnes a year of magnetite by rail from copper miner Palabora Mining Company's operations, in Limpopo, to the Matola terminal, in Mozambique, where it will store the magnetite.... 

De Beers warns of possible further downside risks

20th February 2020 Although stock levels in the diamond industry’s midstream are returning to a more balanced position, following stable consumer demand, especially in the US, diamond miner De Beers has warned that risks remain. The company on Thursday reported a 55% year-on-year decrease in underlying earnings... 

Wescoal advances Vanggatfontein, Moabsvelden projects

20th February 2020 JSE-listed coal miner Wescoal says its Moabsvelden project implementation is progressing to plan with a contract mine having been selected. The appointment, however, remains subject to a contract mining agreement being signed.  

Natascha Viljoen to succeed Griffith as Amplats CEO

20th February 2020 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has announced that Natascha Viljoen has been appointed to succeed Chris Griffith as CEO. Amplats earlier this week said Griffith would step down to pursue other career opportunities.  

Altus shareholders give go ahead for La Mancha deal

19th February 2020 Aim- and TSX-V-listed Altus Strategies on Wednesday said its shareholders had approved all resolutions to effect the proposed strategic investment by mining investment group La Mancha Holding in the company. Altus will issue about 124-million new ordinary shares at a price of C$0.09 apiece to... 

Moody’s expanded gold price range allows for flexibility in credit assessments

19th February 2020 Ratings agency Moody’s has expanded its price sensitivity range for gold, based on supportive factors such as lower-for-longer interest rates and geopolitical uncertainties. Moody’s has increased the higher end of the sensitivity range by $100/oz to $1 400/oz, while the lower end of the range... 

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