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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Acacia agrees to Barrick’s request to extend PUSU deadline

18th June 2019 African gold miner Acacia Mining has agreed to its parent company Barrick Gold’s request for an extension to the ‘put up or shut up’, or PUSU, deadline to July 9. The previous deadline was June 18. 

Metso mulls potential closure of South African foundry

18th June 2019 Global industrial company Metso is considering the potential closure of, or other alternatives for, its foundry operation in Isithebe, in KwaZulu-Natal, South Africa. The Isithebe foundry produces metallic wear part castings for the mining and aggregates industries and employs about 200 people. 

Vast getting closer to mining diamonds at Zimbabwe concession

18th June 2019 A road map to finalise agreements that will enable Aim-listed Vast Resources to mine for diamonds on the Heritage concession, in Zimbabwe, has been established. This follows after meetings between the company’s senior management, local community leaders and parastatal Zimbabwe Consolidated... 

Kamoa-Kakula development progressing well

18th June 2019 TSX-listed Ivanhoe Mines says it is making “excellent progress” on the construction of the Stage 1 six-million-tonne-a-year Kamoa-Kakula copper mine, in the Democratic Republic of the Congo (DRC). After China-based Citic Metal agreed to invest an additional $459-million in Ivanhoe, the pace of... 

Lower production to cut Wescoal’s full-year earnings

14th June 2019 Lower production and lower sales volumes have contributed to a decrease in JSE-listed Wescoal’s headline earnings per share (HEPS) and earnings per share (EPS) for the financial year ended March 31. The group, which will release its results on June 25, on Friday said it expected its HEPS to be... 

Mining production remains depressed in April, but mineral sales increase

13th June 2019 Mining production decreased by 1.5% year-on-year in April, Statistics South Africa (Stats SA) data revealed on Thursday. The largest negative contributors were gold, at -19.5%, and contributing -2.7 percentage points; iron ore, at -11.9%, and contributing -1.7 percentage points; and chromium ore,... 

Sarama resumes exploration activities at South Houndé

13th June 2019 West Africa-focused gold explorer and developer Sarama Resources has restarted exploration activities at its South Houndé project in Burkina Faso, with a focus on oxide targets. This restart follows the recent agreement to terminate the company’s earn-in agreement with Acacia Mining. 

Atha-Africa secures last approval for Yzermyn mine

11th June 2019 The Gert Sibande District Municipal Planning Tribunal has approved Atha-Africa Ventures’ application for a land use change to allow for the construction of the Yzermyn underground coal mine. “Atha-Africa is extremely pleased with the decision, as this particular authorisation was the last... 

Vutomi to sell diamonds recovered at Thorny River

11th June 2019 Aim-listed Botswana Diamonds’ associate, Vutomi, has received approval to sell 256 ct of rough diamonds recovered during a bulk sampling programme at the Thorny River project, in South Africa. The sale of diamonds from bulk sampling will enable the further development of the project. 

Gem paid Lesotho $24.55m in royalties, taxes in 2018

11th June 2019 Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year. The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government. 

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