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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

SolGold shares tank on potential Ecuador mining referendum

30th May 2019 Copper/gold explorer SolGold’s share price took a beating on Thursday, following media reports about a potential referendum on mining in the Ecuadorian province in which the company’s Cascabel project is located. The company, however, insisted that its tenure was not at risk and said in a media... 

Champion refinances subsidiary, buys 100% of Bloom Lake

29th May 2019 Iron-ore miner Champion Iron hit a 52-week high on the TSX on Thursday morning, as the Australia-headquartered company announced the refinancing of its subsidiary Québec Iron Ore (QIO), the operator of Canada's Bloom Lake Mining Complex, and a transaction that will see it take full ownership of... 

Jangada sells South America PGMs project to ValOre

28th May 2019 South America’s “largest and most advanced” platinum group metals (PGM) and nickel project, Pedra Branca in Brazil, is being sold to Canadian entity ValOre Metals for £4.1 million, London-listed Jangada Mines announced on Tuesday. The company explained that while it continued to believe in the... 

Study into $1bn Pueblo Viejo expansion to be completed next year – Bristow

28th May 2019 The world’s largest gold mining companies are committed to the long-term development of the Dominican Republic and are considering putting up another $1-billion for the expansion of the Pueblo Viejo mine, Barrick Gold CEO Mark Bristow said on Monday. Barrick and its joint venture (JV) partner in... 

Agnico Eagle ups interest in Royal Road to nearly 20%

27th May 2019 Shares in TSX-V-listed junior Royal Road rose 8% on Friday following an announcement that gold miner Agnico Eagle has bought more than 26-million shares of the company in a private placement. Agnico Eagle’s purchase at C$0.20 a share increased its shareholding in the Central and South... 

SQM expects lithium demand to grow by 17% this year

23rd May 2019 Chilean nitrates and lithium major Sociedad Quimaca y Minera de Chile (SQM) is confident that demand for lithium will continue to grow, but the group says that evolving electric vehicle (EV) battery technology will require producers to be flexible. The company believes more supply for lithium... 

Barrick bids for rest of Acacia as Tanzania refuses direct settlement

22nd May 2019 Toronto-headquartered Barrick Gold has presented a proposal to its London-listed subsidiary Acacia Mining to buy the rest of the shares in the miner that it does not already own for $285-million. The share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia implies a... 

Sirius says open offer closes over-subscribed

21st May 2019 The placing and open offer through which Sirius Minerals aimed to raise about $400-million, for the potash mine, in North Yorkshire, has been over-subscribed, the London-listed company reported on Tuesday. The company raised $425-million in the offer, which formed part of the $3.8-billion... 

Canadian miner Pure Gold starts trading on LSE

21st May 2019 Canadian gold development company Pure Gold Mining on Tuesday made its debut on the LSE main market, in the UK, trading at 32.50p a share. The listing, which is alongside the company’s existing Toronto listing, will introduce Pure Gold to European and UK investors as it approaches the... 

SolGold announces PEA results for Alpala

20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... 

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