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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

Inca One buys Peru mill from Equinox Gold in ‘transformative acquisition’

17th July 2018 TSX-V-listed Inca One on Tuesday announced a “transformative acquisition” which CEO Edward Kelly said would elevate the company from a small producer to a major player among publically traded gold processing companies. Inca One has entered into a definitive purchase agreement to acquire 100%... 

Lundin makes another move to buy Nevsun

17th July 2018 Keen to bring the Timok copper project, in Serbia, into its fold, Canadian firm Lundin Mining has announced that it will take a C$1.4-billion offer directly to Nevsun Resources shareholders, after unsuccessful attempts to engage with the company over the past five months. Lundin, which earlier... 

Bacanora raises cash to start Sonora construction

16th July 2018 London-listed Bacanora Lithium on Monday announced significant progress in the raising of the construction capital needed to build Stage 1 of its Sonara lithium project, in Mexico, announcing a conditional $90-million investment from blue chip investors and a $100-million placing of ordinary... 

Noront drops Sudbury and Thunder Bay as site for ferrochrome plant

16th July 2018 TSX-V-listed Noront Resources has moved to the final phase of the site selection process for its proposed ferrochrome production facility, with only two cities – Timmins and Sault Ste Marie – still in the running to host the 100 MW to 130 MW scalable furnace. Noront has dropped Thunder Bay and... 

MGX to earn into Belmont’s Nevada lithium property

13th July 2018 Diversified miner MGX Minerals has entered into an option agreement to earn into the Kibby Basin lithium brine project, in the western portion of the Great basin in Nevada, the Canadian firm announced on Friday. MGX will acquire an initial 25% interest in Kibby Basin from TSX-V-listed Belmont... 

Hecla mines outperform; Klondex deal to close this month

13th July 2018 US-based precious metals miner Hecla has reported a 7% decrease in second-quarter silver production, but it still managed to exceed production expectations, boosting the company’s cash position to its second-highest in six years. Silver production decreased from 2.81-million ounces in the June... 

Bluejay's Dundas may be attractive to Rio Tinto – analysts

12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Ecuador attracting mining interest, political risks weigh on Latin America outlook

12th July 2018 The South American country of Ecuador is attracting interest among foreign mining companies, as a low-risk, high-reward market, where government remains supportive of mining, despite the February referendum restricting mining in protected areas. Market intelligence firm BMI, which publishes a... 

Barrick trims copper guidance, gold forecast intact

12th July 2018 Toronto, Canada-headquartered Barrick Gold has maintained its gold production guidance for 2018 at between 4.5-million and 5-million ounces, but has slashed 40-million pounds off its copper production guidance, owing to operational challenges at its biggest copper mine – Lumwana, in Zambia. The... 

Glencore sets up committee to respond to US subpoena

11th July 2018 Diversified miner and commodity trader Glencore has established a board committee to oversee the London- and Johannesburg-listed company’s response to US authorities’ demand for documents relating to possible corruption and money laundering. The committee comprises chairperson Tony Hayward,... 

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