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Marleny Arnoldi

Global Mining News in real time

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

EIUG says tariff hike will curtail economic recovery efforts

5th March 2021 The Energy Intensive Users Group of Southern Africa (EIUG) has noted "with disappointment" the Eskom price increase announced on February 16. The National Energy Regulator of South Africa (Nersa) has agreed to the State-owned power utility increasing its tariff by 15.6% for the 2021/22... →

South Africa risks more inequality if it does not digitalise, says WEF

5th March 2021 The World Economic Forum (WEF) in its latest 'Global Risks Report 2021' finds that Covid-19 has not only claimed millions of lives, but also risks widened long-standing health, economic and digital disparities. The WEF, together with report collaborators professional services firms Marsh... →

ARC to own 78.2% of Kropz following latest equity facility drawdowns

3rd March 2021 Aim-listed phosphate developer Kropz has made a quarterly drawdown request on its new equity facility with major shareholder African Rainbow Capital (ARC) Fund. The company has two equity facilities, with the first comprising an amount of $40-million and the second comprising up to $5-million. →

Eastplats nears million-tonne chrome concentrate output, advances PGM study

3rd March 2021 JSE-listed Eastern Platinum (Eastplats) produced 987 003 t of chrome concentrate in 2020 from its retreatment project at Barplats Mines, at the Crocodile River Mine property, in North West. The company produced 588 006 t of chrome concentrate in 2019. →

Rockwell shareholders give thumbs up for Bristco merger

3rd March 2021 JSE-listed Rockwell Diamonds has received the support of its shareholders for the proposed acquisition by and amalgamation with a British Columbia incorporated company owned by Mark Bristow, called Bristco. Bristow, who is also a director of Rockwell and CEO of Barrick Gold Corporation, will... →

Trust pays first claimants under silicosis settlement

2nd March 2021 The Tshiamiso Trust, which was established in February 2020 to manage the payment of benefits to eligible silicosis and tuberculosis (TB) sufferers in the gold mining sector, has paid benefits to the first seven claimants in the past two months. The trust has been hard at work over the past year... →

RBFT lifts stake in Wescoal to nearly 65%, extends offer deadline to March 5

2nd March 2021 JSE-listed coal miner Wescoal has advised that RBFT Investments has extended the timeframe of its offer to increase its shareholding in the company from 56.87% to 85%. RBFT is a consortium that has the Industrial Development Corporation and Simeka Capital Holdings among its investors. →

Red River pours first gold at Hillgrove mine

1st March 2021 Base and precious metals company Red River has poured first gold at the Hillgrove mine, in New South Wales. The ASX-company reports that plant production is ramping up, while gold recovery to flotation gold concentrate and Knelson gravity gold concentrate activities are performing in line with... →

Platinum jewellery had a strong fourth quarter, says the PGI

1st March 2021 In the fourth quarter of last year, platinum outperformed other jewellery categories such as gold and delivered remarkable 14% year-on-year growth in fabrication. The Platinum Guild International (PGI) reports that, although China’s economy ended on a high note in the fourth quarter, retail... →

Australian gold output tops record in 2020

1st March 2021 Australia’s gold production totalled 327 t, or about 10.5-million ounces, in 2020, marking a record and a 1.5 t improvement on 2019's output, reports consultancy Surbiton Associates. Last year's gold production was worth A$27-billion, based on the average daily Australian dollar gold price.... →

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