R/€ = 15.74 Change: 0.14
R/$ = 13.89 Change: 0.11
Au 1334.29 $/oz Change: -7.49
Pt 819.42 $/oz Change: -1.83

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


Polymetal approves $431m POX-2 project

11th February 2019 Russian gold miner Polymetal on Monday announced the approval of the POX-2 project and authorised the immediate start of construction, with the aim of commissioning the plant by the third quarter of 2023. The company’s second pressure oxidisation facility is immediately adjacent to the current... 

Uranium market improvements not enough to warrant new supply – Cameco

11th February 2019 Canada’s largest uranium miner, Cameco, has cautioned against investing in new uranium mines, saying that “even the promise” of new supply could create a headwind and put downward pressure on uranium prices. The Saskatoon-headquartered company, which last year idled its McArthur River/Key Lake... 

Cornerstone tells SolGold that its proposed offer will not succeed

11th February 2019 TSX-V-listed Cornerstone has told its potential suitor that it will not be successful in a takeover of the company, after LSE- and TSX-listed explorer SolGold on Friday announced for the second time its intention to make an offer for Cornerstone. SolGold said on Friday that it believed all... 

Green light for Taseko’s BC copper project buy

11th February 2019 The shareholders of development stage company Yellowhead Mining have approved a takeover by base metals miner Taseko Minerals, giving the larger company full ownership of the Harper Creek copper/gold/silver project, in British Columbia. The acquisition was approved by 99.98% of Yellohead’s... 

Cliffs upbeat about 2019 as 2018 net income hits $1.1bn

8th February 2019 US iron-ore miner Cleveland-Cliffs posted net income of $1.1-billion in 2018, eclipsing the previous year’s income of $363-million, on the back of an increase in revenue. Revenue jumped to $2.3-billion, from the prior year’s $1.9-billion, while cost of goods sold and operation expenses increased... 

ArcelorMittal, Vale dam inspections trigger evacuations

8th February 2019 Two Brazilian towns near iron-ore tailings dams in Minas Gerais state were evacuated on Friday as a precautionary measure while inspections of the structures were under way. Vale, which is reeling from a deadly dam wall burst last month, said that the area downstream of the Sul Superior tailings... 

SolGold disappointed by Cornerstone’s quick snub

8th February 2019 Australian company SolGold on Friday expressed its frustration at the rejection of its planned bid for Canadian firm Cornerstone – a company that holds 15% of the Cascabel copper/gold project in Ecuador. Cornerstone rejected the intended offer meant to consolidate SolGold’s ownership in Cascabel... 

Flying iron-ore prices to boost Black Iron’s project economics

8th February 2019 Canadian iron-ore developer Black Iron says high-grade iron-ore pellet product should sell at a premium for the next few years, resulting in attractive project economics for its planned Shymanivske project, in the Ukraine. A deadly dam burst in Brazil on January 25 has lit a fire under iron-ore... 

Vale moves to reduce reliance on tailings dams

6th February 2019 Disaster-hit Vale has announced a R$1.5-billion (about $390-million) investment in the implementation of dry stacking technology, as the company moves to reduce its reliance on tailings dams. By 2023, Vale will rely on dry processing for 70% of its production, compared with 40% in 2014 and 60%... 

Institute forecasts better year for silver

6th February 2019 Following a challenging year for silver, reflected in the muted price performance of 2018, the Silver Institute expects 2019 to be a better year for the metal and that prices will regain some shine. The Washington-based nonprofit industry association says it expects sentiment for the silver... 


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