R/€ = 16.24 Change: 0.37
R/$ = 14.51 Change: 0.30
Au 1346.47 $/oz Change: 10.95
Pt 803.41 $/oz Change: 4.37

Simone Liedtke

Simone Liedtke

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

Tel: +2711 622 3744


Amplats appoints PwC as external auditor from 2020

3rd May 2019 Diversified miner Anglo American Platinum has appointed Pricewaterhouse Coopers as its external auditor from 2020. The decision follows after the miner announced in its 2018 Integrated Report that Deloitte & Touche’s services as the external auditors of Amplats would terminate by rotation in 2020. 

Iron-ore price surge may be ‘more structural’ than initially thought

3rd May 2019 The sharp rise in iron-ore prices to over $90 per dry metric ton (dmt) from under $75/dmt since January, may be “more structural than initially anticipated”, says Fitch Ratings. It believes sustained iron-ore prices of above $85/dmt over the next 9 to 12 months should provide cash flow windfalls... 

First-quarter gold demand lifted by central banks, ETFs

2nd May 2019 Continued growth in central bank buying and growth in gold-backed exchange-traded funds contributed to a 7% year-on-year increase in global gold demand to 1 053.3 t for the first quarter of this year, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows. Gold demand... 

Osisko to begin drilling at Canada’s longest diamond drill hole in May

30th April 2019 TSX-listed Osisko Mining on Tuesday announced that it would start drilling what is planned to be Canada’s longest diamond drill hole, Deep Discovery 1, in May, at its wholly-owned Windfall Lake gold project, in the Abitibi greenstone belt, in Québec.   Deep Discovery 1 is designed to test the... 

Cameco recovers legal costs in dispute with CRA

30th April 2019 Dual-listed uranium fuel company Cameco Uranium has been awarded $10.25-million for legal fees incurred, plus a still-to-be-confirmed amount for disbursements, by the Tax Court of Canada following Cameco's application to recover substantial costs incurred in its dispute of reassessments with the... 

Oracle’s Chinese partners commit to changing equity holdings in Pakistan project

29th April 2019 As part of the China Belt and Road Summit, held in Beijing on April 27 and 28, Beijing Jingneng Power Company (BJPC) and PowerChina International, have ceremonially signed a memorandum of understanding that will result in a change in the equity shareholding in the Thar Block V1 lignite coal mine... 

Cleveland-Cliffs to sell $750m of senior notes

29th April 2019 US iron-ore miner Cleveland-Cliffs on Monday announced that it intends to offer to sell, subject to market and other conditions, a $750-million aggregate principal amount of senior notes, due in 2027, in an offering that is exempt from the registration requirements of the Securities Act of 1933.... 

Nordgold increases Lefa mine investment

29th April 2019 Diversified gold producer Nordgold has completed a significant investment programme at its Guinea-based Lefa mine. Capital expenditure in 2018, which was designed to both improve efficiencies at Lefa, while also extending its life-of-mine, increased to more than $70-million, from $48-million in... 

Anglesey to raise cash to fund Parys Mountain project optimisation study

29th April 2019 Anglesey Mining on Monday confirmed that it had placed more than 9.3-million new ordinary shares, representing about 5.3% of the company’s current issued share capital, at 2.135p a share to raise about £200 000 gross and £180 000 net of capital. The placing price represents a discount of about... 

Keras appoints COO to help build manganese portfolio

29th April 2019 Aim-listed Keras Resources has concluded the bulk sample agreement for its flagship Nayega manganese project, in northern Togo, which confirms all the technical, financial and logistical assumptions of Keras’ internal feasibility study. The agreement, which concludes six months of work by Keras... 


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