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Mariaan Webb

Mariaan Webb

Mariaan Webb is Creamer Media Senior Researcher and Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Conglomerate-gold hopeful Novo granted tenements for Comet Well

14th December 2017 TSX-V-listed Novo Resources has been granted tenements at the conglomerate-hosted gold discovery Comet Well, south of Karratha, Western Australia. The granting of the tenements by the Department of Mines, Industry Regulations and Safety entitles Novo to start exploration aimed at satisfying... 

Chinese cobalt chemicals giant backs Nzuri’s DRC copper/cobalt mine

14th December 2017 The world’s largest cobalt chemical producer, Huayou Cobalt, has made a A$10-million strategic investment in Australia-listed Nzuri Copper to advance that company's copper and cobalt projects in the Democratic Republic of Congo (DRC). China’s Huayou, which also has established operations in the... 

Finders says shareholders are rejecting Eastern Field offer

14th December 2017 Takeover target Finders Resources said on Thursday that Eastern Field Developments has not yet received a single acceptance of its A$0.23-a-share offer for the company, despite the bid having been open for 22 days. “The overwhelming support from shareholders is an emphatic rejection of Eastern... 

Volt proceeds with $40m Tanzania bond issue

14th December 2017 Tanzania-focused flake graphite development company Volt Resources said on Thursday that it would proceed with the issue of $40-million structured debt funding to complete the Stage 1 development of its Bunyu graphite project. The company has engaged Exotix Capital to undertake a Tanzania bond... 

Kore Potash plans to list on the JSE and Aim in early 2018

14th December 2017 Republic of Congo-focused mineral explorer Kore Potash has received strong interest from South African investors and will now also seek a secondary listing on the JSE, in addition to plans to list on London’s Aim, the company reported on Thursday. Kore Potash said that the additional public... 

Engineering contractor appointed for Mahenge graphite DFS

14th December 2017 Midtier Perth-based engineering company CPC Project Design has been selected as the engineering contractor to deliver a definitive feasibility study (DFS) for the Mahenge graphite project in Tanzania, project owner Black Rock Mining announced on Thursday. CPC was selected in a tender process,... 

Sheffield spin-off Carawine starts trading on ASX

14th December 2017 A new exploration company with gold and base metals assets in Victoria and Western Australia started trading on the ASX on Thursday, following an oversubscribed A$7-million initial public offer (IPO) that closed in late November. Carawine was spun out of ASX-listed Sheffield Resources, which is... 

Indonesian consortium wants Finders to clarify ‘misleading’ target statement

13th December 2017 The Indonesian consortium bidding for Australian miner Finders has extended its offer period to January 19, to allow the takeover target to clarify a number of “misleading” statements in the target statement. The target statement, which Finders sent to shareholders on December 5, is used to... 

Highland board adopts dividend policy

13th December 2017 The board of Aim-listed Highland Gold on Wednesday announced its dividend policy, which states that its total payout for each financial year will be 20% of net cash flow from operating activities. The board may also recommend the distribution of additional cash on the balance sheet through... 

Separate stock exchange listing for Aura’s Sweden project

13th December 2017 Dual-listed uranium and gold focused Aura Energy has started the process to list its Häggån project in Sweden separately on multiple international exchanges to “maximise the value of the battery metal content” of the project. The project contains vanadium, molybdenum, cobalt, neodymium, nickel... 

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