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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

Yamana reports strong Q4, adopts climate strategy

12th February 2021 Canadian gold major Yamana has reported strong fourth-quarter results, with net earnings surging to $103-million, or $0.11 a share, from $14.6-million, or $0.02 a share, a year earlier. Adjusted earnings for the quarter, ended December, were $107.7-million. Fourth-quarter cash flows from... 

Yamana and Agnico Eagle approve C$1.7bn Odyssey mine

12th February 2021 Joint venture partners Yamana Gold and Agnico Eagle have approved the C$1.7-billion construction of the Odyssey gold project at Canadian Malartic, in Quebec. The underground project will extend the life Canadian Malartic – Canada’s largest operating openpit gold mine – to 2039, yielding an... 

Gold Fields ups stake in Peru explorer

12th February 2021 Bullion major Gold Fields has invested another C$2.9-million in a Canadian company, which owns copper/gold/silver exploration assets in the Peruvian Andes. Through its Gold Fields Nazca Holdings (GFNH) indirect subsidiary, Gold Fields purchased 5.81-million common shares in TSX-V-listed Chakana... 

Barrick says Tanzania mines successfully revived

12th February 2021 The Tanzania gold mines of Barrick Gold have been successfully revived, with North Mara delivering significant improvements and underground production starting at Bulyanhulu, the Canadian major reported on Thursday. Barrick Gold assumed control of the operations of the former Acacia Mining in... 

New Gold aims for 22% production growth at Rainy River

11th February 2021 Canadian bullion miner New Gold has announced its guidance for the Rainy River mine, in Ontario, but has delayed its operational outlook for New Afton, in British Columbia, where a mud-rush incident occurred early last week. At Rainy River, New gold is aiming for production growth of 22% in... 

Sprott invests in Goliath

11th February 2021 TSX-V-listed Goliath Resources has announced a strategic investment by Eric Sprott of C$2-million, representing an 8.5% stake in the company. Crescat Capital will be participating in this offering to maintain its 9.9% interest. 

Cameco CEO says uranium supply outlook shaky

11th February 2021 The CEO of uranium major Cameco has again questioned where uranium will come from to fuel the world’s expanding nuclear fleet, stating that the supply and demand gap will continue to widen in the next decade. Citing estimates by UxC, Tim Gitzel said on Wednesday that the uranium market faces a... 

Green light for Pallinghurst-backed Nouveau Monde's Canada graphite mine

10th February 2021 The Quebec government has issued a Ministerial environmental decree authorising project developer Nouveau Monde to build what is set to become the Western world’s largest graphite mine. The environmental decree authorises the Matawinie mine to produce 100 000 t/y of graphite material. Nouveau... 

Full construction kicks off at new Red Lake district mine

10th February 2021 The board of Battle North has approved the construction of the C$109-million Bateman gold project, in the renowned Red Lake district of Ontario. The project will be funded through to production using cash on its balance sheet and a $40-million credit facility that was signed with Macquarie Bank... 

Battery minerals demand surge to dwarf anything industry has seen before – Davis

10th February 2021 Mining heavyweight Mick Davis, whose Vision Blue has raised $60-million to invest in battery metal assets, believes the world is on the cusp of an unprecedented surge in demand for certain commodities and that an immediate supply-side response is required from the industry. “The impact of... 

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