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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

Palladium to shift from deficit to balanced market this year – Nornickel

12th August 2020 Russia’s Norilsk Nickel (Nornickel), the world’s largest producer of palladium and high-grade nickel, expects the palladium market to be balanced this year, citing an “unprecedented” contraction of end-use demand as the automotive industry faces its worst crisis in decades. This will be the... 

Argonaut expects significant free cash flow in H2

12th August 2020 North American intermediate gold producer Argonaut Gold, which last month closed the acquisition of Alio Gold, is forecasting significant free cash flow in the second half of the year, CEO Pete Dougherty said on Tuesday. At $1 900/oz, the company would generate between $49-million and... 

Horizonte tasks five banks to arrange $325m for Araguaia

12th August 2020 Aim- and TSX-listed Horizonte Minerals has executed a mandate to arrange a senior project finance facility of up to $325-million to fund the construction and development of its Araguaia ferronickel project, in Brazil. A syndicate of five international financial institutions, including BNP... 

Hudbay posts $51.9m quarterly loss as Peru suspension weighs

12th August 2020 The eight-week suspension of operations at the Constancia mine, owing to Covid-19 measures in Peru, had a significant impact on gold and base metals miner Hudbay Minerals’ second-quarter results, with the company posting a $51.9-million, or $0.20 a share, net loss. After adjusting for the impact... 

Barrick says more noncore disposals to come

11th August 2020 Canada’s Barrick Gold has met the $1.5-billion disposal target it had set in 2018 and CEO Mark Bristow said this week that the group could shed more noncore assets, particularly in the current gold price environment. “The higher gold price turns some of our smaller assets within our portfolio... 

Barrick comfortable in Ontario, continues to hunt for new Canada opportunities

11th August 2020 Canadian gold major Barrick Gold is not considering redomiciling to the US, CEO Mark Bristow said on Monday, stressing that the group was “very comfortable” in Ontario. He was responding to an analyst question on the issue during Barrick’s second-quarter results webcast, following a news article... 

US coal industry needs to consolidate – Moody’s analyst

11th August 2020 Characterised by ongoing decline in demand, combined with near-term erosion of financial strength driven by the adverse economic impact from coronavirus, the US coal industry is in need of consolidation. This is the view of Moody’s lead coal analyst Ben Nelson, who said that the group’s concerns... 

Solaris shares surge 38% on first assay results

11th August 2020 Copper company Solaris Resources on Monday reported assay results for the first hole from the ongoing 40 000 m diamond drill programme at its Warintza project, in south-east Ecuador, sending its share price up 38%. This is the first drill hole completed on the Warintza project in nearly 20 years. 

Premier subsidiary buys Nevada project

11th August 2020 Toronto-listed Premier Gold Mines on Monday announced that its Delaware subsidiary would buy a project in the Getchell gold belt, near Winnemucca, Nevada, for $50-million. The Getchell project is located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka trend... 

Pebble CEO responds to Biden's statement on blocking Alaska mine

11th August 2020 Pebble Partnership CEO Tom Collier has responded to Democratic Presidential candidate Joe Biden’s statement that he would use a study completed by the Obama-era Environmental Protection Agency (EPA) in 2014 to deny federal permits for the Alaska mine. Collier said on Monday that any action by a... 

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