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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

Lack of financing to constrain lithium supply

25th May 2018 Difficulty in finding financing for many of the lithium projects that mining companies are prepared to launch is seen as one of the main constraints to a 25% electric vehicle (EV) adoption rate by 2025. UK-based mining investment firm Cadence Minerals, estimates that lithium compound demand is... 

Copper miner Atalaya's Q1 profit jumps 54%

24th May 2018 Copper miner Atalaya Mining has posted a 54% increase in its first-quarter profit, on the back of stronger copper prices and an increase in concentrate volumes sold. After-tax profit increased from €5.7-million, or 4.8c a share, in the first quarter of 2017, to €8.8-million, 6.5c a share, in... 

Aura defines new vanadium zone at Sweden project

23rd May 2018 Dual-listed Aura Energy has identified a new high-grade vanadium zone at its Häggån project in Sweden, resulting in an overall mineral resource estimate increase. Resource modelling defined an inferred resource of 15.1-billion pounds at 0.26% of vanadium pentoxide (V2O5), at a cut-off of 0.1%.... 

Petropavlovsk’s largest shareholder says where he will vote in board shakeup

18th May 2018 London-listed Petropavlovsk’s largest shareholder, Fincraft, is expected to vote in favour of the resolutions in the requisition notice issued by two shareholders seeking a boardroom shakeup. Kenges Rakishev, the beneficial owner of Fincraft, has indicated to Petropavlovsk that he will vote in... 

Fundraising completed for Scottish Highlands gold mine

18th May 2018 Aim-listed Scotgold Resources has raised £9-million through a combination of equity and secured debt, which, together with existing cash reserves, will be sufficient to build the Cononish gold mine, in the Scottish Highlands. The company raised £4-million in an oversubscribed placing of 14 545... 

Canadian Zinc seeks to raise C$195m in debt for Prairie Creek

17th May 2018 Negotiations are under way and proposal are being evaluated for potential debt financing for the Prairie Creek zinc/lead/silver project that TSX-listed Canadian Zinc is advancing in the Northwest Territories. The company, which this week named former KGHM International executive Don MacDonald... 

Savannah’s Oman projects receive Ministerial sign-offs

14th May 2018 Aim-quoted Savannah Resources is making progress towards the granting of mining licences for the first two of a planned series of high-grade copper mine developments in Oman. The company has received the required ‘letters of no objection’ from eight Ministries for the Mahab 4 and Maqual South... 

Strongbow expects to start trading on Aim next month

14th May 2018 Vancouver-based Strongbow Exploration has applied for a listing on London’s Aim exchange, which it hopes will help it to raise £25-million in the next 18 months to progress the South Crofty mine, in Cornwall, to a production decision. The owner of the South Crofty underground project near Pool... 

Lionsgold share trading suspended following TRAC acquisition

11th May 2018 Trading in the shares of Lionsgold on London’s Aim has been suspended on the basis that the recent acquisition of TRAC Technology is considered a “fundamental change of business”. The company’s ordinary shares will be suspended until it complies with the Aim’s Rule 14, which deals with reverse... 

ArcelorMittal studies lower grade iron-ore project in Liberia

11th May 2018 With mining having started at the new Gangra direct shipping ore (DSO) deposit in Liberia, global steel and mining major ArcelorMittal is taking another look at the lower grade resources at its Tokadeh mine. The company has started a feasibility study to assess the optimal concentration solution... 

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