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Mariaan Webb

Mariaan Webb

Mariaan Webb is Creamer Media Senior Deputy Editor Online for Engineering News and Mining Weekly.

Newmont puts six mines, two projects on the block

22nd February 2024 Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines that will be divested include Éléonore, Musselwhite and Porcupine, in Canada, CC&V, in the US,... 

Pilbara Minerals pauses dividend, cuts capex as it targets $200m in savings

22nd February 2024 Australia’s biggest pure-play lithium producer, Pilbara Minerals, has opted to withhold its interim dividend as the company moves to preserve its balance sheet strength in an environment of lower spodumene prices. In addition to the pausing the dividend payment, Pilbara has also lowered its 2023... 

Pilbara Minerals pauses dividend, cuts capex as it targets $200m in savings

Record dividend for Northern Star as growth strategy delivers cash earnings boost

22nd February 2024 Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold prices, the ASX-listed company delivered a 41% increase in underlying earnings before interest, tax,... 

Record dividend for Northern Star as growth strategy delivers cash earnings boost

Rio Tinto board approves Simandou investment

22nd February 2024 The board of Rio Tinto has given the nod to the Simandou iron-ore project, in Guinea, CEO Jakob Stausholm has revealed. The approval is contingent on meeting outstanding conditions, including securing approvals from joint venture partners and obtaining regulatory nods from China and Guinea.  

Rio Tinto board approves Simandou investment

Piedmont sells remaining Sayona stake

21st February 2024 US-based lithium miner Piedmont Lithium on Wednesday announced that it would sell the rest of the shares it held in Australian miner Sayona Mining for A$59.9-million, or $39.4-million. The Nasdaq- and ASX-listed company agreed to sell 1.15-billion shares of Sayona for A$0.052 a share through a... 

Piedmont sells remaining Sayona stake

Rio Tinto posts lower FY profit

21st February 2024 Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion. Balance sheet strength enabled Rio Tinto to invest with disciple, while also playing an ordinary... 

Rio Tinto posts lower FY profit
Rio Tinto CEO Jakob Stausholm

Iluka confirms cost blowout at Australian rare earths refinery

21st February 2024 Critical minerals company Iluka Resources on Wednesday confirmed a major cost overrun at its Eneabba rare earths refinery, stating that the project would cost between A$1.7-billion and A$1.8-billion. This is at the top-end of the A$1.5-billion to A$1.8-billion guidance range provided in... 

Iluka confirms cost blowout at Australian rare earths refinery
Iluka MD Tom O'Leary says the Eneabba refinery project has not been immune to inflation

Early commissioning under way at Ascot’s Premier gold mine

21st February 2024 Construction of the Premier gold project, in the prolific Golden Triangle of north-western British Columbia, is nearing completion and early commissioning is now under way. First ore delivery to the mill is expected by the end of March and the first gold pour is anticipated in April. 

Early commissioning under way at Ascot’s Premier gold mine
The water treatment plant at the Premier gold mine, in British Columbia.

First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing

21st February 2024 Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include, among others, selling some of the copper miner's smaller assets and minority stakes in its larger... 

First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing

Kalium Lake’s sale to complete by mid-March

20th February 2024 Defunct potash company Kalium Lakes said on Tuesday that its receivers expect the sale transaction with Reward Minerals to conclude by the middle of next month. In a statement to the ASX, Kalium stated that receivers Rob Brauer, Jason Preston and Rob Kirman were working with Reward to amend the... 

Osino ditches Dundee for superior proposal from foreign suitor

20th February 2024 Canada-based Osino Resources is walking away from a takeover by gold miner Dundee Precious Metals (DPM) and has instead opted to accept an offer from a foreign-based mining company. The TSX-V-listed firm on Monday revealed the proposal, which its board said was a “superior” offer to that of DPM. 

Osino ditches Dundee for superior proposal from foreign suitor
The Twin Hill project area in Namibia

BHP eyes 500 000 t/y of copper from South Australia

20th February 2024 Diversified mining company BHP is advancing several avenues for copper growth, CEO Mike Henry said on Tuesday, highlighting the key role that its South Australian assets will play in the group’s copper growth trajectory. The Melbourne-headquartered mining firm acquired more exposure to... 

BHP eyes 500 000 t/y of copper from South Australia

Worst of inflationary wave over, says BHP CEO

20th February 2024 Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on Tuesday reported flat first-half underlying profit of $6.6-billion, is witnessing a shift towards a... 

Worst of inflationary wave over, says BHP CEO
BHP CEO Mike Henry

Administrators appointed for troubled Elmore

19th February 2024 Restructuring pundit KordaMentha said on Monday that it had been appointed as receivers and managers of each of the companies that fall under the Elmore umbrella. Elmore is an ASX-listed contract mineral processing company, which also owns the Peko magnetite mine in the Northern Territory. 

Reward’s capital raise to buy Beyondie falls through

19th February 2024 ASX-listed Reward Minerals has withdrawn a A$22.8-million rights issue, announced last month, to fund the acquisition of the Beyondie potash of sulphate (SOP) project, in Western Australia. The company said late on Friday that its board had resolved to withdraw the entitlement offer. 

Reward’s capital raise to buy Beyondie falls through
The Beyondie mine in Western Australia

‘Five new Greens Creeks needed to meet silver demand from solar’

19th February 2024 The relentless expansion of solar power installations is triggering a staggering surge in silver demand, which is outpacing production capacity, says US-based silver producer Hecla Mining CEO Phillips Baker. Considering that each gigawatt of installed solar requires about 500 000 oz of silver,... 

‘Five new Greens Creeks needed to meet silver demand from solar’
Greens Creek in Alaska is the biggest silver mine in the US.

NewPeak sells Finland, NZ gold assets as it switches to battery metals

19th February 2024 Australia-based NewPeak Metals has announced the sale of its Finland and New Zealand gold permits as part of the company’s strategic rejuvenation plan to focus on battery and critical metals. The ASX-listed company on Monday announced a binding term sheet to sell 100% of its interest in its... 

Industry welcomes WA nickel royalty rebate as step in right direction

19th February 2024 The announcement from the Western Australian government, to provide 50% royalty relief over 18 months, to nickel producers is welcome news to an industry under pressure, says the Association of Mining and Exploration Companies (AMEC). “There is no doubt this timely assistance from the WA state... 

Industry welcomes WA nickel royalty rebate as step in right direction
BHP is planning to shut down its Nickel West operations (pictured), attributing the decision to a significant decline in nickel prices.

Big new Canada gold mine to enter production next month

16th February 2024 The Côté gold mine, in Sudbury, Ontario, is on the cusp of production, Toronto-listed Iamgold reported on Thursday. The project entered 2023 with construction about 64% completed and finished the year at 98% complete, said CEO Renaud Adams, adding that production was poised to begin next month. 

Big new Canada gold mine to enter production next month

Nouveau Monde strikes supply deals with GM, Panasonic

16th February 2024 Canadian miner Nouveau Monde Graphite (NMG) on Thursday announced an offtake agreement with General Motors (GM) and a commitment from the automotive giant to invest $150-million to support the development of what is projected to be the first fully integrated natural graphite active anode material... 

Nouveau Monde strikes supply deals with GM, Panasonic
Aerial photo of the Bécancour industrial park showing NMG’s land for its Phase-2 Bécancour battery material plant.

Kin Mining proposes merger with PNX Metals

16th February 2024 Following the recently completed sale of certain gold deposits to Genesis Minerals, ASX-listed Kin Mining is well-funded with A$75-million in cash and liquid assets and is now looking for potential strategic investments or acquisitions. One such opportunity that it is looking to pursue is a... 

Australia places nickel on critical minerals list

16th February 2024 Australian Resources Minister Madeleine King has placed nickel on the critical minerals list, giving companies in the beleaguered industry an opportunity to access billions of dollars in government funding. The Minister has the discretion to review the critical minerals list at any time and to... 

Australia places nickel on critical minerals list
Resources Minister Madeleine King

Miners appeal to Canada to declare silver a critical mineral

16th February 2024 Executives from Canadian and international silver mining producers operating in the country have appealed to government to recognise silver as a critical mineral. In a letter addressed to Energy and Natural Resources Minister Jonathan Wilkinson, the executives outlined their reasoning behind... 

Miners appeal to Canada to declare silver  a critical mineral
Generating 1 GW of solar power capacity through photovoltaics requires 685 000 oz of silver.

Lithium project delays on the cards as demand growth decelerates on the back of subdued EV sales

16th February 2024 The lithium market is entering a period of transition, with the once-unstoppable demand growth for the key battery material now decelerating as the market matures and electric vehicle (EV) sales are subdued. “Lower government incentives and inadequate infrastructure are expected to curtail EV... 

Lithium project delays on the cards as demand  growth decelerates on the back of subdued EV sales

Kinross carrying 2023 momentum into 2024, CEO says

15th February 2024 Canada-headquartered Kinross Gold had a “great year” in 2023, CEO Paul Rollinson said on Wednesday, reporting that the company had met its production, cost and capital guidance, as well as completed its projects at Tasiast, in Mauritania, and La Coipa, in Chile. “Our portfolio of mines produced... 

BHP considers closing WA Nickel, flags impairments

15th February 2024 Diversified mining major BHP is considering closing its Western Australia Nickel operations, amid the sharp fall in prices, the company announced on Thursday. BHP said it could place Nickel West into care and maintenance and that it was assessing the phasing and capital spend for the development... 

BHP considers closing WA Nickel, flags impairments
It is an uncertain time for the Western Australia nickel industry

South32 board approves $2.16bn US zinc mine

15th February 2024 The board of South32 has given the green light for the development of the Taylor polymetallic deposit – the first development at its regional-scale Hermosa project in the US state of Arizona. The development of Taylor, which is aligned with the group’s strategy to reshape its portfolio, will... 

South32 board approves $2.16bn US zinc mine
The Hermosa project in the US state of Arizona

Chinese firm selected as preferred EPC partner for $30m Theta contract

14th February 2024 Gold development company Theta Gold Mines has selected Yellow River Co (YRC), a subsidiary of Power Construction Corporation of China, for the construction of its TGME gold plant, tailings storage facility and wastewater dams, in South Africa. The parties are working on a formal engineering,... 

Chinese firm selected as preferred EPC partner for $30m Theta contract

New Gold to reach free cash flow inflection point this year, says CEO

14th February 2024 Canadian gold miner New Gold has executed on its key priority of stabilising its operations and delivering consistent results throughout the year, CEO Patrick Godin said on Tuesday. “2023 was a successful year for New Gold,” he said, reporting that the miner had achieved the top-end of its 2023... 

New Gold to reach free cash flow inflection point this year, says CEO
The New Afton mine

Hammer and Carnaby initiate merger talks

14th February 2024 Exploration company Hammer Metals on Wednesday confirmed that it was in discussions regarding a potential merger with fellow ASX-listed Carnaby Resources. The discussions were at a “relatively early stage”, the company said, adding that the negotiations remained confidential. 

Evolution H1 profit dips, focus at Red Lake is to produce reliably

14th February 2024 Australian gold miner Evolution Mining on Wednesday posted a 4% drop in half-year net profit to A$96.9-million, but underlying profit increased and the company declared its twenty-second consecutive dividend. Evolution, which owns and operates mines in Australia and Canada, reported underlying... 

Evolution H1 profit dips, focus at Red Lake is to produce reliably
The Red Lake mine in Canada

US coal miner Ramaco ups 2024 guidance

13th February 2024 US-based metallurgical coal miner Ramaco Resources has raised its 2024 sales and production guidance, which it says reflects the strong market acceptance of the company's coal. The Kentucky-headquartered firm, which has three mines in Central Appalachia and one development mine in Wyoming,... 

 US coal miner Ramaco ups 2024 guidance

Partnership positions Port Pirie as future green iron hub

13th February 2024 As the global steel industry moves to decarbonise, iron-ore miner Magnetite Mines has partnered with Port Pirie to position the South Australian port as a future green iron production hub. Green iron hubs typically incorporate the use of high-grade iron-ore, such as magnetite concentrates, which... 

Horizon and Greenstone merge to create new WA gold miner

13th February 2024 ASX-listed Horizon Minerals and Greenstone Resources on Tuesday announced a merger to create a new emerging gold producer in the Western Australia goldfields. Under the scheme of arrangement, Horizon will acquire 100% of the fully paid ordinary shares in Greenstone and 100% of the listed... 

Glencore to close, sell unprofitable New Caledonia nickel mines

12th February 2024 The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday. Glencore, which acquired the operation as part of its 2013 Xstrata transaction, said that high... 

Glencore to close, sell unprofitable New Caledonia nickel mines

Stanmore swoops in on South32’s Eagle Downs

12th February 2024 Coal miner Stanmore Resources on Monday announced that it would buy diversified mining firm South32’s 50% interest in the Eagle Downs metallurgical joint venture (JV) coal project, in Queensland. Stanmore will acquire the Eagle Downs stake for $135-million, comprising a $15-million upfront cash... 

Stanmore swoops in on South32’s Eagle Downs

Copper miner MAC’s IPO upsized to A$325m

9th February 2024 Metals Acquisition Limited (MAC), which operates a New South Wales copper mine previously owned by Glencore, has upsized its initial public offering (IPO) to A$325-million. The offer is being undertaken in connection with the company’s dual listing on the ASX. 

Copper miner MAC’s IPO upsized to A$325m

New Gold eyes strong production growth, lower costs

9th February 2024 Canada-based miner New Gold is forecasting higher production and lower costs over the next three years, driving significant free cash flow for the company. The TSX- and NYSE American-listed firm expects its consolidated gold production to increase by 35% from 2023 to between 410 000 oz and 460... 

New Gold eyes strong production growth, lower costs

Uranium is having more than a momentary surge, says Cameco CEO

9th February 2024 The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors that will “persist for years to come”. Unlike historical spikes triggered by isolated events, the... 

Uranium is having more than a momentary surge, says Cameco CEO

Australian iron-ore giants partner on steel decarbonisation

9th February 2024 Australia’s two biggest iron-ore producers and its biggest steelmaker have announced a partnership to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the development of the country’s first ironmaking electric smelting furnace (ESF) pilot plant. Rio Tinto, BHP and... 

Australian iron-ore giants partner on steel decarbonisation
From left to right: BHP's Tim Day, Bluescope's Tania Archibald and Rio Tinto's Simon Trott

Langer Heinrich restart faces minor delay, costs tweaked

9th February 2024 After more than six years of care-and-maintenance, the Langer Heinrich uranium mine, in Namibia, has restarted production activities and while Paladin Energy continues to target first commercial production by the end of the first quarter, lower contractor productivity may mean a slight delay to... 

Langer Heinrich restart faces  minor delay, costs tweaked
Langer Heinrich was placed on care-and-maintenance in 2018. The mine will resume operations in the first quarter.
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