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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

 

Higher PGM prices needed for Aquarius to offset wage hikes – analysts

Strong operational results and marginal cash cost increases during the quarter ended June 30 had kept Aquarius Platinum broadly cash neutral; however, the platinum group metals (PGM) price basket would need to rise for the dual-listed group to...
By: Natasha Odendaal
Published on 24th July 2014
 

PTM eyes Waterberg JV prefeasibility study

Platinum Group Metals (PTM) this week tabled its timeline for the delivery of the Waterberg Joint Venture (JV) project, located within the Bushveld Igneous Complex, indicating that production would likely start in 2018. Following the conclusion in...
By: Natasha Odendaal
Published on 22nd July 2014
 

RBPlat expects higher half-year earnings

Higher realised revenue basket prices and sustained production were expected to push Royal Bafokeng Platinum’s (RBPlat’s) half-year earnings higher. The group on Tuesday said its earnings per share (EPS) and headline earnings per share (HEPS)...
By: Natasha Odendaal
Published on 22nd July 2014
 

Village reports recovery in June quarter

Following a “difficult” March quarter, Village Main Reef bounced back during the quarter ended June 30, as its Tau Lekoa operation hiked output and the Buffelsfontein (Buffels) mine closure and rehabilitation activities progressed. The gold...
By: Natasha Odendaal
Published on 22nd July 2014
 

Gold fix reform to see heightened transparency, governance controls

JOHANNESBURG (miningweekly.com) - A process to reform the current London gold fix has received a leg up as the World Gold Council (WGC) moves to deliver a White Paper on proposed changes to the century-old practice used to determine global gold...
By: Natasha Odendaal
Published on 18th July 2014
 

Marampa Q2 output rises, logistics hamper sales

While London Mining’s Sierra Leone-based Marampa iron-ore mine achieved an increase in output during the quarter ended June 30, logistical challenges hit sales. The iron-ore explorer on Thursday reported a 30% quarter-on-quarter hike in...
By: Natasha Odendaal
Published on 17th July 2014
 

Keaton Q1 output on target

As Keaton Energy’s flagship Vanggatfontein colliery, in Delmas, Mpumalanga, settled into steady-state production and continued its solid and consistent performance, while the Vaalkrantz colliery, in KwaZulu-Natal delivered an “outstanding”...
By: Natasha Odendaal
Published on 15th July 2014
 

PTM warns metals strike could impact WBJV project

A prolonged strike in South Africa’s metals and engineering sector could halt or delay the construction of Platinum Group Metals’ (PTM’s) Western Bushveld Joint Venture (WBJV) Project 1 platinum mine, near Rustenburg, the TSX- and...
By: Natasha Odendaal
Published on 14th July 2014
 

Giyani closes $600 000 private placement

Triple-listed Giyani Gold has closed a fully subscribed nonbrokered $600 000 private placement. The exploration group, which has assets in South Africa and Canada, had placed two-million units at $0.30 apiece to raise funds for general working...
By: Natasha Odendaal
Published on 14th July 2014
 

Strike action weighs on Amplats interim results

Prolonged industrial action in the platinum sector weighed heavily on the financial performance of JSE-listed Anglo American Platinum (Amplats), which on Monday reported that it expected to post lower earnings for the interim six-month period...
By: Natasha Odendaal
Published on 14th July 2014
 

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