Marleny Arnoldi

Deep-South doubles private placement offering

TSX-V-listed Deep-South Resources has advised that its recently announced nonbrokered private placement is oversubscribed and that the company will therefore increase the offering to $2-million, up from $1-million.

The company will proceed with a fir…

Medupi conveyor belt repaired

State-owned power utility Eskom says the conveyor belt that feeds coal into the Medupi generation units, which failed on the evening of September 9, has been repaired and is back in service. This has lowered the risk of load-shedding. However, while no…

Harmony to post full-year headline loss a share

JSE-listed gold miner Harmony Gold expects to report a headline loss a share of between 139c and 169c apiece for the financial year ended June 30, compared with the headline earnings a share of 204c reported for the prior financial year.

In dollar te…

Merafe swings to near R1bn interim loss

JSE-listed ferrochrome producer Merafe says its results for the first half of the year were impacted not only by Covid-19 but an already fragile operating environment.

A slowdown in global economic activity has contributed to not only reduced volumes…

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