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Natasha Odendaal

Natasha Odendaal is a Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

 

Sibanye to grow uranium output as volatile market improves Restricted

As gold producer Sibanye Gold moved to optimise its gold resources through the incremental increase in production of uranium, the company could position itself to take advantage of a growing global uranium industry. With existing underground and...
By: Natasha Odendaal
Published on 4th June 2014
 

Sibanye eyes platinum opportunities as sector overdue for consolidation Restricted

As South Africa’s top three platinum producers deal with the country’s longest and most costly labour unrest, JSE- and NYSE-listed Sibanye Gold CEO Neal Froneman on Wednesday said the platinum industry was now ripe for – and in fact needed...
By: Natasha Odendaal
Published on 4th June 2014
 

Acquisitions boost Sibanye’s gold reserves 65% Restricted

Gold producer Sibanye Gold on Wednesday announced a 65% hike in its gold reserves to 32.7-million ounces, and its gold resources to 128.7-million ounces, after absorbing its two latest acquisitions, Cooke and Wits Gold. Sibanye VP of Mineral...
By: Natasha Odendaal
Published on 4th June 2014
 

DTC calls for submissions for new subsectors Restricted

The Davis Tax Committee (DTC) on Tuesday called on stakeholders to comment on certain provisions within its three new subcommittees. The new subcommittees would deal with further specifics in the terms of reference of the committee for mining,...
By: Natasha Odendaal
Published on 3rd June 2014
 

Leon warns of MPRDA Amendment Bill consequences Restricted

The Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill’s pursuit of beneficiation in an economy that was not fully equipped to leverage the benefits could place strain on South Africa’s mining companies whose core focus was...
By: Natasha Odendaal
Published on 3rd June 2014
 

Platinum strike drags manufacturing index to four-year low Restricted

The Kagiso Purchasing Managers’ Index (PMI), released on Monday, recorded a continued decline in May as the business activity index plunged and the employment index reached a near five-year low. The seasonally adjusted PMI fell 3.1 index points...
By: Natasha Odendaal
Published on 2nd June 2014
 

Trans Hex records loss, lower diamond output Restricted

JSE-listed Trans Hex on Monday reported a fall in earnings per share (EPS) and headline earnings per share (HEPS) for the year ended March 31 as its South African operations underperformed. The diamond producer posted EPS and HEPS of 20.7c and...
By: Natasha Odendaal
Published on 2nd June 2014
 

NUM voices concern as Gold Fields looks to cut jobs, fleet Restricted

The National Union of Mineworkers (NUM) on Friday voiced concern over dual-listed Gold Fields' intention to review 500 jobs at its South Deep gold mine as part of a right-sizing initiative. The company, which was currently engaging trade unions...
By: Natasha Odendaal
Published on 30th May 2014
 

RBPlat gets new nonexecutive director Restricted

JSE-listed Royal Bafokeng Platinum on Friday announced the appointment of David Wilson as a nonexecutive director, effective May 29. Wilson, a charted accountant, is currently Royal Bafokeng Holdings’ investment manager for strategic investment,...
By: Natasha Odendaal
Published on 30th May 2014
 

Forbes RCF loan maturity extended, takes funding restructure to shareholders Restricted

TSX- and JSE-listed Forbes & Manhattan Coal has extended the maturity date of its convertible loan from Resource Capital Funds (RCF) by two years. The company said its $25-million RCF convertible loan facility, which was expected to close on June...
By: Natasha Odendaal
Published on 30th May 2014
 

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