News

June 18, 2009

Marengo Is Being Closely Watched As It Presses On With Its Definitive Study On The Yandera Copper Project

By Alastair Ford

Les Emery swung through London recently, on one leg of a round-the-world trip designed to keep investors abreast of developments at the company he heads as managing director, Marengo Mining. With listings in Canada, Australia and Papua New Guinea, and a reasonable slug of London money involved as well, there’s no getting away from the fact that Les has to rack up the air-miles if he wants to keep his investor base happy. But that’s no reason not to stop off for a break somewhere over lunchtime for a burger and a beer. And what better venue than the pub just below Minesite’s offices? So Minesite and Les duly parked up for a chat about Marengo, the metals markets, and cricket.

Marengo is currently working on a definitive feasibility study on its Yandera copper-molybdenum project in Papua New Guinea. The study is due for completion in December 2010, a date that’s been pushed back, says Les, after it was decided to relocate certain of the requisite infrastructure away from the project itself, which lies more than 100 kilometres inland, and to place it at the coast instead. The company had previously planned to produce a concentrate on site and then truck it down to the...