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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

Geomysore’s Jonnagiri has potential to be India’s first private gold mine

16th November 2017 Gold firm Geomysore Services India, in which Aim-listed Lionsgold has a 21.15% shareholding, has completed a feasibility study for the Jonnagiri gold project, demonstrating the project’s potential to be developed into India’s first privately-owned gold mine. The Jonnagiri project, in the state of... 

Atalaya encouraged by positive copper expansion study

16th November 2017 The expansion of the Proyecto Riotinto copper mine in Andalucía, Spain, is “technically and financially robust”, a study into the feasibility of increasing capacity beyond 9.5-million tonnes a year has found. Dual-listed Atalaya Mining reported on Thursday that it had completed the study, which... 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

Winmar withdraws from Spain JV, reduces salaries by 50%

14th November 2017 Australia’s Winmar Resources has slashed its staff salaries and directors fees by half to minimise cash outflows until it has secured a new lead project. The announcement on Tuesday comes a day after the company said that it had withdrawn from the Lomero joint venture project with Kimberly... 

Scotgold raises £2.65m in rights issue, details future funding plans

13th November 2017 Aim-listed Scotgold on Monday announced it would raise £2.65-million in a rights issue to start development work at its Cononish gold and silver project, near the Loch Lomond and Trossachs National Park in Scotland. Chairperson Nat le Roux has fully underwritten a nonrenounceable rights offer of... 

Initial reserve estimate confirms Nezhda viability – Polymetal

13th November 2017 LSE-listed gold and silver miner Polymetal on Monday published an initial ore reserve estimate for the Nezhdaninskoye (Nezhda) gold deposit, in Yakutia, reaffirming the project’s economic viability. Nezhda, which is the fourth largest gold deposit in Russia, is estimated to have an openpit ore... 

Richland sees signs of sapphire pricing recovery

13th November 2017 Aim-listed Richland Resources’ strategy shift to larger-scale sales events appears to be yielding results, with CEO Bernard Olivier reporting on Monday that the company had started to see signs of prices recovering. Richland, which owns the Capricorn mine in Queensland, achieved total sales... 

Chaarat CFO designate to lead project finance process

10th November 2017 Kyrgyzstan-focused Chaarat Gold has appointed former Amara Mining finance director Pete Gardner its CFO designate to lead the financing process for the construction of the Tulkubash heap-leach project. Announcing the appointment on Friday, the Aim-listed company said that the financing process... 

Dalradian readies for Curraghinalt permitting phase

10th November 2017 Canadian explorer and developer Dalradian Resources will start the permitting process for project in Northern Ireland by the end of this year, when it submits its planning application for building a gold mine at the Curraghinalt deposit. The planning application will be followed by two key... 

Polyus Q3 net profit falls, capex doubles on Natalka construction

9th November 2017 Russia’s top gold producer, Polyus, on Thursday reported a 5% drop in third-quarter net profit to $371-million, reflecting the impact of a gain on derivatives and investments in the prior period, as well as finance costs. The company, which is listed on the LSE, said adjusted net profit... 

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