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Tasneem Bulbulia

Tasneem Bulbulia

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

Tel: +2711 622 3744


Deep-South increases placement offering to $2.5m

30th September 2020 TSX-listed Deep-South Resources’ nonbrokered private placement is oversubscribed and the company will, therefore, increase the offering to $2.5-million. The company will proceed with a second closing during the first week of October. 

MC Mining reports solid full-year result despite Covid-19 impact

30th September 2020 Despite the adverse impact of Covid-19 and the related lockdown in South Africa, coal miner MC Mining narrowed its loss for the financial year ended June 30. Acting CEO Brenda Berlin noted on September 30 that the company had made considerable progress on its strategy prior to the lockdown. This... 

Kore starts Phase 1 of DFS for DX project

30th September 2020 Potash development company Kore Potash has started work on the first phase of a definitive feasibility study (DFS) for its 97%-owned DX Potash project in the Sintoukola basin of Congo-Brazzaville, following a recent equity fundraise. Phase 1 of the DFS is scheduled for completion in May 2021. 

Bushveld enters into $30m financing agreement with Orion Mine Finance

30th September 2020 Aim-listed Bushveld Minerals has signed a long-term production financing agreement (PFA) of $30-million with mining-focused investment business Orion Mine Finance, primarily to finance its expansion plans at its Vametco operations, in South Africa, and to pay down some of its debt. Under a... 

BlueRock records milestones despite pandemic

29th September 2020 Aim-listed BlueRock Diamonds reports that it had achieved a lot for the six months ended June 30 despite the pandemic, noting that it is now well positioned to expand its operations as planned and to operate profitably again from the second half of the year. The company undertook a rapid response... 

Diamcor to raise C$3.5m

29th September 2020 Dual-listed Diamcor Mining intends to complete a convertible loan financing of up to C$3.5-million. The financing will comprise unsecured convertible promissory notes with a term of two years from the closing date and bearing interest at the rate of 10% a year. 

Kenmare safely relocates WCP B plant to Pilivili

28th September 2020 Mineral sands producer Kenmare Resources has safely relocated the wet concentrator plant (WCP) B to Pilivili at its Moma titanium minerals mine, in northern Mozambique. Kenmare previously announced three development projects that together have the objective of increasing ilmenite production to... 

Pandemic bolsters US demand for precious metals

25th September 2020 The Covid-19 pandemic has acted as a catalyst for furthering investment in gold and silver in the US, with a new wave of investors who have never bought precious metals before now considering investing in such assets, Monex Precious Metals broker Albert Johnston III said during an LBMA-hosted... 

Minergy achieves milestones despite Covid-19 impact

25th September 2020 Coal mining and trading company Minergy recorded considerable achievements and milestones during the financial year ended June 30, despite a significant part of the year being impacted by Covid-19. “Despite border restrictions between South Africa and Botswana (a minimum of 15 weeks), Minergy, in... 

Automotive training programme resumes

25th September 2020 The Eastern Cape Development Corporation (ECDC), in partnership with automotive sector enterprise development company Filpro, has resumed its R2-million support programme aimed at growing the competitiveness of 137 informal automotive mechanics in Mdantsane, outside East London. Launched in July... 

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