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Lucara Announces Senior Secured Project Finance Facility Mandate for the Underground Expansion of the Karowe Mine
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The Northern Miner Podcast – episode 230: Young Mining Professionals 2021 award winners ft Global YMP chair Stephen Stewart
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Matthew Fenton and Maggie Layman named Young Mining Professionals of the Year
YMP 2021winners Matthew Fenton and Maggie Layman. Image from YMP.
The winners of the Young Mining Professionals (YMP) awards this year are Maggie Layman of Osisko Development (TSXV: ODV) and Matthew Fenton of privately held Magris Resources.
The YMP awards, presented in association with The Northern Miner, recognize two mining professionals under forty who have demonstrated exceptional leadership skills and innovative thinking and provided value to their companies and shareholders.
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The awards are named after two iconic entrepreneurs in the mining industry, Eira Thomas and the late Peter Munk. Maggie Layman has won the 2021 Eira Thomas award and Matthew Fenton the Peter Munk award.
Matthew Fenton and Maggie Layman named Young Mining Professionals of the Year
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Lucara on course to convert Karowe Mine from open-cast to underground
By the end of last year, Lucara Diamond Corp had plunged over P180 million into converting Karowe Mine into an underground operation.
In an update accompanying the company’s financials released this week, the Canadian-based enterprise explained the amount covered various activities at the world-famous mine, located on the outskirts of Lethlakane.
These include site earthworks, geotechnical test pitting and drilling, and completion of two pilot holes at the shaft locations, a 746m hole for the ventilation shaft, and a 768m pit for the production shaft.
There was also some progress with regards to power line engineering and detailed shaft design and engineering.