Quadrem gets bigger
More than 10,000 companies are now listed on Quadrem, the Internet-based business that allows for the buying and selling of goods and services for mining and construction.
In 2003, Quadrem was used for more than 1 million transactions, and this year the value of sales and purchases is expected to surpass US$3 billion. Revenue in 2004 is 44% higher than in 2003. The business was started in 2000.
Quadrem CEO Michael Efting says Quadrem is expanding because “buyers are seeing significant short- and long-term savings, which drives them to accelerate and implement more electronic documents.”
He adds that electronic invoices are shortening payment cycles, which enables suppliers to improve cash flow and relay those savings to buyers.
Quadrem has offices in Australia, Brazil, Canada, Chile, France, Mexico, The Netherlands, Peru, Singapore, South Africa, and the U.S.
Constellation buys Komatsu fleet
Constellation has so far ordered four 205-ton Komatsu 730E haulage trucks and one WA1200 wheel loader with a 26.2-cubic-yard bucket. The Denver-based company bought the equipment through local distributor Power Motive, which will start delivery next summer. The deal includes a field service facility in Grand Junction, Colo.
Once mining is under way, Constellation will order the balance of the fleet, including two blast-hole drills, two crawler dozers, two water trucks, and a grader for haul-road maintenance.
Lisbon Valley is expected to produce 24,500 tonnes (54 million lbs.) copper cathode annually over at least seven years.
Earlier this year, the company acquired crushing and solvent extraction-electrowinning facilities from the Tonopah mine in Nevada. The mine was run by Equatorial Mining of Australia until operations ceased in 2001. Constellation has relocated the Tonopah plant to Lisbon Valley, where it will be reassembled.
GFMS, ROC form alliance
Gold Fields Mineral Services (GFMS) has joined with ROC Associates, an independent group of metals markets analysts, to publish a monthly review of the precious metals sector.
The review will assess the recent performance of precious metals markets in the context of economic, financial and political developments, as well as provide forecasts for price trends.
Paul Walker, CEO of GFMS, says the review will complement his company’s Gold Survey, published annually, and predicts that additional joint publications will be launched.
ROC Associates is headed by Rhona O’Connell, a graduate of Cambridge University who previously worked for Consolidated Gold Fields, commodity brokerage firm Rudolf Wolff, and investment banker Shearson Lehman, and the World Gold Council.
Both GFMS and ROC are based in London.
Boart Longyear swallows St Lambert
The Johannesburg division of Boart Longyear will acquire the assets of Quebec-based St Lambert Drilling, which has a satellite office in Africa.
For the past 40 years, St Lambert has provided exploration drilling services from its head office in Valleyfield, Que., but the company also operates in Central America, South America and West Africa.
“Bringing St Lambert into the Boart Longyear fold strengthens the group’s footprint in West Africa and in other emerging exploration markets,” says Boart Longyear President Paul Brunner.
Among the drilling technology in which St Lambert specializes are rotary air-blast, wireline core, grade control, blast-hole, and reverse-circulation.
The Boart-St Lambert deal is subject to due diligence.
P&H dragline at Hail Creek
P&H MinePro Services Australasia will supply a P&H 9020 dragline to
It will be the sixth such dragline acquired for Australia’s coal mining industry since 1993.
P&H says the 9020 model, which has a 115-cubic-yard bucket on a 97.5-metre boom and works on a 22-metre-wide gradial tub, accounts for two-thirds of the total dragline market. Twenty motors are employed for a total of 27,470 horsepower (20,500 kW).
P&H MinePro will assemble the unit on-site, and negotiations for a 5-year service program are under way.
Most of the dragline components will be built in Australia, with the remainder supplied from P&H’s headquarters in Milwaukee, Wisc.
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