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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

Goldplat puts Kilimapesa mine on care and maintenance

31st May 2019 Aim-listed gold producer Goldplat has put its Kilimapesa mine, in Kenya, on care and maintenance while it seeks external funding to further develop the operation. In the meantime, it continues to engage with stakeholders, including large creditors and employees, as well as with parties that have... 

Northam secures a further R1bn in funding

31st May 2019 JSE-listed Northam Platinum has increased its existing revolving credit facilities (RCF) by R500-million, from R3-billion to R3.5-billion; and has also secured a new R500-million general banking facility (GBF). The maturity date of Northam’s existing R1-billion RCF has been extended to match that 

Standard Bank shareholders vote for disclosure on lending to coal projects

31st May 2019 In a first for South Africa, climate-conscious shareholders of Standard Bank have compelled the bank to adopt and publicly disclose a policy on lending to coal-fired power projects and coal mining operations. Fifty-five per cent of shareholders in attendance at the bank’s annual general meeting... 

Lower production to cut Wescoal’s full-year earnings

31st May 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... 

Afrimat’s diversification contributes to strong full-year results

31st May 2019 Industrial minerals and construction materials group Afrimat has recorded a good overall performance for the year ended February 28, and achieved positive results for the period owing to its diversification strategy, Afrimat group CEO Andries van Heerden said in a statement on Thursday. The... 

Fatality at Harmony’s Nyala shaft

30th May 2019 A Harmony Gold employee died in an engineering-related accident at the company’s Nyala hoisting shaft, situated near the Phakisa operation, in the Free State, on Wednesday night. An investigation into the accident is under way. 

Case against Aurora directors postponed to July

28th May 2019 A court case against the directors of Aurora Empowerment Systems has been postponed to July 15 to allow the State to locate one of the accused, the Organisation Undoing Tax Abuse said on Tuesday. Aurora directors Khulubuse Zuma, Zondwa Mandela and Thulani Ngubane appeared in the Springs regional... 

Areas of uncertainty regarding Mining Charter likely to raise compliance costs

28th May 2019 Although Mining Charter III has resulted in greater collaboration between stakeholders across the mining industry, while taking into account the realities facing the industry, areas of uncertainty remain and these are likely to raise compliance costs. This was discussed during a Webber Wentzel... 

Gold Fields completes buyback of $250m worth of 2020 notes

27th May 2019 JSE-listed Gold Fields on Monday announced the successful buyback of $250-million of the outstanding 2020 notes. The successful completion of the new bonds, as well as the buyback helps Gold Field to achieve one of its key financial objectives for this year, namely extending the maturity of its... 

Vedanta open to dialogue with Zambia about KCM’s future

27th May 2019 Diversified miner Vedanta Resources says it remains open to dialogue with the Zambian government regarding the future of its Konkola Copper Mines (KCM) subsidiary. This follows the recent appointment of Milingo Lungu of Lungu Simwanza & Company as provisional liquidator of KCM, putting him in... 

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