Marengo looks at new power options for Yandera
PERTH (miningweekly.com) – ASX- and TSX-listed Marengo Mining has signed a memorandum of understanding (MoU) with the Madang provincial government’s business arm regarding a possible power supply for its Yandera copper/molybdenum/gold project.
The MoU with the Papua New Guinea-based Madang Development Corporation (MDC) would see the two parties explore the possibility of Marengo becoming an offtake party in an industrial power supply solution.
MDC is currently in discussions with international investment groups looking to invest in power generation and supply, within Madang province.
Under the terms of the MoU, Marengo and MDC have agreed to cooperate to advance these discussions.
In May, Marengo delayed the results of a feasibility study on its Yandera project after the preferred third-party power supplier decided to withdraw from the supply agreement. This resulted in an unexpected cost escalation for the project, and prompted Marengo to launch an optimisation programme.
Capital costs for the project have initially been estimated at between $1.7-billion and $1.85-billion. Early indications point to the Yandera project being able to sustain a throughput rate of 30-million tons a year.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















