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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

Anson produces battery quality lithium carbonate

3rd June 2019 Shares in ASX-listed Anson Resources soared on Monday after the company announced that it had produced about 1 kg of battery quality lithium carbonate from brine sourced from its Paradox brine project near Utah, in the US. The sample was produced using a dedicated and advanced ion exchange (IX)... 

Australia’s minerals exploration on a stronger footing than a year earlier

3rd June 2019 Australia’s mineral exploration has had a stronger start to 2019 than 2018, despite recording a quarter-on-quarter decrease in expenditure and metres drilled in the first three months of the year. Mineral exploration expenditure fell 16.1% to A$497.5-million for the March quarter, with metres... 

Lulo diamonds sell for $10m

3rd June 2019 ASX-listed diamond miner Lucapa on Monday announced that its latest sale from the Lulo alluvial mine, in Angola, had achieved gross revenues of $10-million, representing an average price of $1 800/ct. This took total half-year sales of Lulo diamonds to $22.1-million, achieving an average price of... 

Nevada Copper closes $115m finance for Pumpkin Hollow

3rd June 2019 TSX-listed copper developer Nevada Copper has reached financial close for a previously announced $115-million credit facility with KfW IPEX-Bank. The net proceeds of drawdown will be used to advance the construction and development of the company’s 100%-owned Pumpkin Hollow underground copper... 

Metal Tiger invests further $1.1m in Kalahari Metals

31st May 2019 Aim-listed Metal Tiger has invested a further $1.1-million into Botswana-focused explorer, Kalahari Metals. The investment will be satisfied from existing cash resources. 

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... 

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