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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

Lundin says Portugal project costs revised upward

15th February 2019 Canada-headquartered Lundin Mining has announced a new cost estimate for its Neves-Corvo zinc expansion project (ZEP), in Portugal, with costs increasing to €320-million. This compares with an initial approved budget of €256.5-million for the project, which will double the mine’s production to... 

Agnico Eagle to open two new mines in 2019

15th February 2019 With two new mines at Meliadine and Amaruq to start operations in 2019, Canadian gold miner Agnico Eagle is forecasting record gold production for the year, building on the 1.63-million ounces that the company’s mines in Canada, Finland and Mexico produced in 2018. The full-year production... 

Champion considers doubling Bloom Lake capacity

14th February 2019 Quebec iron-ore miner Champion Iron is considering doubling the capacity of its Bloom Lake mine, near Fermont, and will complete a feasibility study before the end of the year. Pending a positive decision resulting from an economical feasibility study, construction could start in late 2019 or... 

Kinross meets FY guidance, but posts lower earnings

14th February 2019 Gold miner Kinross has reported a drop in adjusted earnings and also posted weaker production results, but the miner pointed out that its output and costs were in line with its guidance. Kinross produced 2.45-million gold-equivalent ounces (GEO) at an all-in-sustaining cost (AISC) of $965/oz,... 

Goldcorp reports Q4 adjusted profit

14th February 2019 Midtier miner Goldcorp posted fourth-quarter adjusted earnings of $61-million, or $0.07 a share, compared with $116-million, or $0.14 a share, a year earlier, the soon-to-be-bought company announced late on Wednesday. Goldcorp, which is being taken over by Newmont in a $10-billion stock-for-stock... 

Nemaska needs C$375m more for Quebec mine, stock plunges

14th February 2019 The share price of Quebec junior Nemaska Lithium plummeted on Wednesday as the TSX-listed company announced that it would need more money to complete the Whabouchi mine and Shawinigan electrochemical plant. Eight months into construction, the company performed a cost to completion assessment,... 

Sierra Metals wins EIA approval for Youricocha

13th February 2019 The National Environmental Certification Service of Peru has now granted Toronto-headquartered Sierra Metals environmental approval for its Youricocha tailings expansion project, reversing a previous rejection of the environmental impact assessment (EIA). With an approved EIA study in hand, the... 

Taseko posts FY loss, expects higher copper pricing in 2019

13th February 2019 Canadian miner Taseko is expecting increased copper prices in 2019 and a rebound in gross revenues and margins, after the fluctuations of the copper price last year resulted in a “challenging” operating environment. The company reported weaker production at its Gibraltar mine, in British... 

Bacanora sees busy six months ahead with Zinnwald study, Sonora financing

13th February 2019 London-listed lithium exploration and development company Bacanora Lithium CEO Peter Secker said on Wednesday that the company is in for a busy six months, as it works to finalise the funding package for its Sonora project, in Mexico, and complete a feasibility study for the Zinnwald project, in... 

Vale disaster could see Brazil’s iron-ore competitive edge slip away

12th February 2019 The January 25 Brumadinho dam disaster is expected to knock Brazil’s competitiveness in the global iron-ore market and will elicit a supply response from mines in China, as well as new projects that could be brought on line in the next few years. This is according to analysts at London-based... 

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