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Marleny Arnoldi
Marleny Arnoldi is a Creamer Media Senior Online Writer for Engineering News and Mining Weekly.
Tel: +2711 622 3744
Bauba turns a profit in 2019
27th March 2020 Diversified mining and exploration company Bauba Resources managed to narrow its basic loss a share to 0.01c apiece in the year ended December 31, 2019, compared with a basic loss a share of 2.55c apiece in the year ended December 31, 2018. The company’s total comprehensive profit for the year... →
Mitsubishi unpacks movement of PGM markets amid lockdowns
27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... →
Petra Diamonds suspends guidance, scales down operations
27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... →
Exxaro applies to continue supplying coal to Eskom
27th March 2020 JSE-listed coal miner Exxaro Resources has started implementing its Crisis Management Plan and Business Continuity Plan across the breadth of its business, which includes health and safety controls and preventive measures to curb the spread of Covid-19. This while the company motivated to the... →
Covid-19 to further weaken US coal demand in an already diminishing market
27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... →
Development work at Scotland's first commercial gold mine comes to a halt
27th March 2020 Aim-listed Scotgold Resources has confirmed that the development schedule of the 23 500 oz/y Cononish gold/silver mine, in Scotland, has been delayed, with first gold from the project only expected beyond May. The company says excessive rain in January and February has made development... →
CEZ to proceed with Cinovec investment
27th March 2020 London-listed European Metal Holdings (EMH) on Friday reached final agreement with integrated energy utility CEZ Group around a partnership and investment into the Cinovec lithium/tin project, in Czech Republic. CEZ in November agreed to become a 51% shareholder in EMH's Czech subsidiary Geomet.... →
Chaarat expects Tulkubash delays, but sees positive Covid-19 spin-offs
27th March 2020 Aim-listed Chaarat Gold says although the impact of coronavirus on the global economy is significant, demand for the company’s products has remained relatively healthy. The company has seen positive trends in cost reduction in both the jurisdictions that it operates in, thanks to a declining... →
Centerra reports better-than-expected production from its two flagship mines
27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... →
CBI invites research proposals to advance lead battery tech in energy storage
27th March 2020 The Consortium for Battery Innovation (CBI) has, for the first time, launched a request for research proposals to support battery technology innovation in energy storage systems. The consortium is seeking research bids focused on facilitating the latest understanding in energy storage... →
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