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Mariaan Webb

Mariaan Webb

Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Polyus says Sukhoi Log is world's largest gold deposit by reserves

22nd October 2020 Sukhoi Log, in eastern Siberia, has been confirmed as the largest gold deposit among both greenfield assets and operating gold mines, with a mineral reserve containing 40-million ounces of gold, London-listed Polyus announced on Thursday. Sukhoi Log has an ore reserve estimate of 540-million... 

Shovel-ready Bateman gold project commercially viable, study shows

22nd October 2020 The feasibility study for the Bateman gold project, in the Red Lake gold mining camp, has demonstrated that the shovel-ready project’s commercial viability, with an after-tax internal rate of return of 50.3% and a C$305-million net present value. The maiden feasibility study, results of which... 

Gold industry must seek out broader investor base

22nd October 2020 Gold’s strong performance over the last year-and-a-half has piqued the interest of investors, with large pools of investor capital ready to be tapped, but it is up to the industry to introduce itself to investors, says Yamana Gold’s Peter Marrone. The CEO of London’s newest gold miner says the... 

Wärtsilä wins 128 MW power contract at Grasberg

21st October 2020 The technology group Wärtsilä has received contracts from PT Freeport Indonesia for a 128 MW power plant to supply electricity to the Grasberg mine. The plant will be located at Amamapare, PT Freeport Indonesia’s port site in Papua. From here, the electricity will be fed to the Grasberg mine... 

Fresnillo lowers gold guidance, silver forecast unchanged

21st October 2020 Mexico’s largest gold producer Fresnillo has lowered its 2020 guidance for gold, citing Covid-related work restrictions at its openpit mines, but the company kept its silver production outlook unchanged. The London-listed miner explained on Wednesday that it had to reduce the number of mine... 

Atalaya buys polymetallic project near Riotinto mine

21st October 2020 London-listed Atalaya Mining on Wednesday announced the acquisition of a polymetallic project about 28 km from its Proyecto Riotinto mine, in Spain. Atalaya will pay €1.4-million cash for the Masa Valverde project, located in Huelva. 

Orca Gold upbeat about Sudan project as Trump signals terror list removal

21st October 2020 Removing Sudan from the State sponsors of terror (SST) list will open “exciting opportunities” for investment in the African country, Canadian gold explorer and developer Orca Gold said this week, citing its Block 14 gold project as one of those opportunities. President Donald Trump tweeted on... 

Biden’s energy policies will accelerate challenges for US thermal coal – Moody’s

21st October 2020 Demand for thermal coal in the US will remain in secular decline in the 2020s, regardless of the outcome of the Presidential elections early next month, driven by a combination of factors, including persistently low natural gas prices and increasing emphasis on renewably energy. However, thermal... 

Kinross reaffirms three-year outlook, provides longer-term view

20th October 2020 Dual-listed Kinross Gold on Tuesday affirmed its three-year production outlook and provided details of its longer-term production profile, based on organic opportunities in its global portfolio. The miner would increase production by 20% from 2021 to 2023, with estimated production of about... 

BHP ditches $2bn Olympic Dam expansion plan

20th October 2020 Global diversified miner BHP has indicated that it will not proceed with the $2.1-billion brownfield expansion (BFX) project at its Olympic Dam mine, in South Australia, saying that the project's economics have encountered “challenges”. The BFX option, which was first announced in 2017, focused... 

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