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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

Equinox and Sandstorm launch new royalty company

27th May 2022 Toronto-listed companies Equinox Gold and Sandstorm Gold on Thursday announced the creation of a new diversified metals royalty company, with assets in the Americas and Europe­. Equinox Gold and Sandstorm have entered into definitive purchase and sales agreements with Rosedale Resources, whereby... 

Electra advances cobalt refinery, says project budget at risk

27th May 2022 Cost pressures emerging from systematic inflation, constrained global supply chains and the sanctions on trade with Russia have put the capital budget of Electra Battery Metals’ cobalt refinery, in Ontario, at risk. The TSX- and Nasdaq-listed company said on Thursday that project cost inputs,... 

Karora puts milling bottlenecks in rear-view mirror with A$80m acquisition

25th May 2022 Toronto-listed Karora Resources on Tuesday announced the A$80-million acquisition of the one-million-tonne-a-year Lakewood Mill gold processing facility, about 60 km from the Beta Hunt mine, in Western Australia. Chairperson and CEO Paul Andre Huet described the acquisition as a... 

Albemarle improves FY guidance on strong lithium market

24th May 2022 Speciality chemicals group Albemarle on Monday announced an improved full-year 2022 guidance following additional lithium contract renegotiations to more index-referenced, variable-priced contracts. “Implementation of these contracts is a key driver of the expected year-over-year improvement in... 

Chile rejects Anglo’s application for expansion of Los Bronces copper mine

20th May 2022 Diversified major Anglo American said on Tuesday that Environmental Assessment Service of Chile (SEA) had formally rejected the environmental permit application for its multi-million-dollar expansion plans at Los Bronces. The decision follows SEA’s earlier recommendation that the Los Bronces... 

Barrick extends facility, establishes sustainability-linked metrics

19th May 2022 Global bullion producer Barrick Gold on Thursday announced that it had extended its undrawn $3-billion revolving credit facility by one year to May 2027 and that sustainability-linked metrics had been incorporated into the facility. The metrics were made up of yearly environmental and social... 

Rio Tinto signs up for Lion Copper’s Nevada project

19th May 2022 TSX-V-listed Lion Copper and Gold has secured Rio Tinto’s backing for the Mason Valley project, where it last week also initiated the environmental permitting process with the US Bureau of Land Management as a first stop in formalising permitting efforts.   The parties on Wednesday announced an... 

Millennial raises C$15m for Nevada exploration

19th May 2022 Toronto-headquartered Millennial Precious Metals has announced a bought-deal financing to raise C$15-million, which it will use to advance exploration, permitting and engineering studies at its Nevada projects. The company has entered into an agreement with Eight Capital, as lead underwriter and... 

Mountain Province discovers kimberlites at Kennady North

18th May 2022 Diamond miner Mountain Province has discovered kimberlite in three of four targets tested at its Kennady North project, which surrounds the Gahcho Kué mine, in Northwest Territories. The company is midstride a 6 000 m drill programme, with 3 000 m having been completed. 

Champion Iron spots pellets opportunity in Sept-Iles, Québec

18th May 2022 Canada-based iron-ore miner Champion Iron has announced the acquisition of the Pointe Noire pelletising plant, located next door to the port facilities that it currently uses, with a view of recommissioning the plant to produce direct reduction-grade pellets. A subsidiary of Champion will buy... 

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