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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

Labour costs push up Polymetal capex guidance

29th January 2021 Russian gold miner Polymetal has increased its capital expenditure (capex) guidance for 2021, partly owing to limited availability and sharp increases in construction labour costs. The company says Covid-related travel restrictions in Central Asian countries, which are the traditional source of... 

Monarch aims to restart Beaufor in next 8 to 14 months

29th January 2021 Gold miner Monarch Mining is continuing to advance exploration at the Beaufor mine, in Val-d’Or, Quebec, with the goal of growing the resource as restarting production in a timeframe that takes advantage of the favourable gold market. The latest resource estimate for Beaufor confirms that there... 

Turquoise Hill seeks interim order in Rio Tinto arbitration

29th January 2021 Canada-listed Turquoise Hill said on Thursday that it had applied for an interim order in its arbitration proceedings with controlling shareholder Rio Tinto, stating that the major’s actions would limit its ability to pursue financing options for the Oyu Tolgoi project, in Mongolia. The junior... 

Barrick says Tanzania mines successfully revived

28th January 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... 

Champion Iron to revise Kami feasibility study

28th January 2021 Dual-listed Champion Iron will be reviewing and revising the feasibility study of the recently acquired Kami project, which is located only a few kilometers south-east of its current Bloom Lake operations. The revision of the Kami feasibility study will seek to strategically position Champion... 

Wolfden raises C$2m from Altius and Kinross

28th January 2021 Explorer and developer Wolfden Resources has raised C$2-million from Altius Minerals and Kinross Gold, which now hold about 12.6% and 11.4% of the issued and outstanding shares of the company. The proceeds of the C$0.32-a-share offering would be used to continue exploration at the Pickett... 

Japan Gold expands Barrick alliance projects

27th January 2021 The Japanese Ministry of Economy, Trade and Industry has accepted 18 new prospecting right applications covering extensions to projects in the alliance of exploration junior Japan Gold and senior bullion miner Barrick. The applications cover extensions to the Barrick Alliance Mizobe and... 

Wesdome sells Moss Lake to new Canadian gold company

27th January 2021 Juniors Goldshore Resources and Sierra Madre on Tuesday announced that they would merge through a reverse takeover of Sierra Madre by Goldshore, creating a new gold Canadian gold development company. Goldshore also entered into an agreement to acquire the Moss Lake project, in Ontario, from... 

Russia's gold production down 7% y/y to 314 t in Jan to Nov

26th January 2021 Russia produced 314.41 t of gold from January to November, down from 337.26 t during the same period in 2019, the finance ministry said on Tuesday. The country also produced 873.90 t of silver during the first 11 months of the year, a figure lower than the 903.72 t produced over the same period... 

Yamana hoped for slightly higher production in 2020

26th January 2021 Canadian gold miner Yamana produced 901 155 gold-equivalent ounces (GEOs) in 2020, which, although exceeding the group’s original guidance of 890 000 GEOs, was below the set point of the revised guidance of 915 000 GEOs. The slightly lower-than-hoped-for production, although still within the... 

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