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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

Katanga’s first-quarter loss a share widens

16th May 2019 Katanga Mining on Thursday announced that its basic and diluted loss a share had widened to $0.09 for the first quarter, ended March 31, from $0.04 in the first quarter of 2018. Adjusted earnings before interest, taxes, depreciation and amortisation increased to $41.8-million, from $16.3-million... 

Debmarine Namibia to invest $468m in its seventh diamond recovery vessel

16th May 2019 Debmarine Namibia, a joint venture between diamond miner De Beers and the Namibian government, has approved the construction of a new custom-built diamond recovery vessel, which will become the seventh such vessel in Debmarine’s fleet. The vessel, which will be built at a cost of $468-million,... 

Ivanhoe receives additional C$679m investment

15th May 2019 Co-chairpersons of TSX-listed Ivanhoe Mines, Robert Friedland and Yufeng Sun, on Wednesday announced that Citic Metal, through a subsidiary, is investing an additional C$612-million in Ivanhoe at C$3.98 a share. Zijin Mining Group has now also fully exercised its antidilution rights, also at... 

Webber Wentzel provides overview of Medico-Legal Investigations of Mine Deaths guideline

15th May 2019 Following the Chief Inspector of Mines’ publication of a guidance note on Medico-Legal Investigations of Mine Deaths, which aims to provide certainty about the processes to be followed in the event that the cause of a death at a mine is not immediately clear, law firm Webber Wentzel partner Kate... 

Higher export prices, weaker exchange rate to underpin Kumba’s interim financials

14th May 2019 JSE-listed Kumba Iron Ore expects to deliver a stronger financial performance, underpinned by higher average iron-ore export prices and a weaker rand:dollar exchange rate for the six months ending June 30. Headline earnings and basic earnings for the period are expected to increase by 160%... 

Zimplats reports 2% increase in third-quarter mined ore

10th May 2019 Improved fleet productivity resulted in a 2% quarter-on-quarter increase in ore mined by platinum group metals miner Zimplats in its third fiscal quarter, ended March 31. Tonnes milled, however, decreased by 2%, in line with a 2% decrease in the number of operating days from 92 days in the... 

Sylvania delivers ‘significantly better’ third quarter, despite challenges

10th May 2019 After a challenging second fiscal quarter, Aim-listed Sylvania Platinum’s Sylvania Dump Operations performed “significantly better” and delivered 16 256 oz of platinum group metals (PGMs) – a 9% quarter-on-quarter increase – in the quarter ended March 31. The increased production was owing to a... 

Implats maintains 2019 guidance, despite challenging third quarter

10th May 2019 Against a backdrop of challenges in the third quarter, ended March 31, for platinum miner Impala Platinum, the miner has maintained its market guidance for the full-year. The full‐year refined production for Implats is estimated at between 1.5-million and 1.6-million platinum ounces and, given... 

Buffalo Coal identifies several opportunities for 2019

10th May 2019 Demand for anthracite, which is at the core of coal miner and supplier Buffalo Coal’s production, remains positive, while pricing remains strong, the company said this week. The TSX-V- and AltX-listed company noted in a statement published on Thursday that production of its bituminous coal... 

Buffalo Coal narrows 2018 headline loss to 17c per share

10th May 2019 Coal miner and supplier Buffalo Coal has narrowed its headline loss a share for 2018 to 17c, compared with the headline loss a share of 31c in the prior financial year. Its headline loss for the period decreased to R70.7-million, from R124.1-million in 2017. 

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