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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

Detour Gold to enhance board, outlines 'next steps' in building value

20th July 2018 Fresh from a week of public disagreements with hedge fund Paulson & Co, Ontario miner Detour Gold on Friday issued a statement detailing the “next steps” in building value for its shareholders, addressing issues around potential offers, an update on the CEO search and enhancements to the board.... 

De Beers brings Chidliak resource into its fold with C$107m Peregrine buy

19th July 2018 Diamond major De Beers announced on Thursday that it would buy Canadian miner Peregrine Diamonds – the owner of the Chidliak diamond resource in Nunavut Territory – for C$0.24 a share, or C$107-million, in cash. The Chidliak resource, 120 km north-east of Iqaluit on Baffin Island, hosts 74... 

Oyu Tolgoi in deals with Chinese contractors for power station

19th July 2018 Mongolia copper and gold miner Oyu Tolgoi, which is controlled by Rio Tinto, has entered into agreements with three Chinese contractors to submit bids for the engineering, design and construction of a power station at the mine site. The company has refreshed previous plans to develop its own... 

Bacanora Lithium drops $100m placing for Mexico project

19th July 2018 London-listed exploration and development company Bacanora Lithium, which earlier this week announced a funding package for the development of the initial 17 500 /ty lithium carbonate (Li2CO3) operation at Sonara, Mexico, has canned its proposed $100-million placing, citing “difficult market... 

Cameco following US uranium trade investigation ‘closely’

18th July 2018 Canadian uranium major Cameco does not expect the Trump administration’s investigation into uranium imports to have an immediate impact on its shipments into the US, but the company’s president and CEO Tim Gitzel said he is following developments “very closely”. He affirmed that Cameco, which is... 

Detour Gold denies Paulson’s report of potential sale, reports investor to OSC

18th July 2018 A major gold mining company has reportedly approached Ontario miner Detour Gold about potentially acquiring the firm, sending its stock up 14% on the TSX on Wednesday. The revelation was made by institutional investor Paulson & Co, which also confirmed that it would go ahead with plans to... 

Trudeau moves Sohi to Natural Resources, Carr to head up International Trade Diversification

18th July 2018 Canadian Prime Minister Justin Trudeau on Wednesday announced significant changes to his Cabinet, moving around several current Ministers, appointing four new ones and creating three new portfolios. Amarjeet Sohi has been moved from the Infrastructure portfolio to Natural Resources, succeeding... 

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... 

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