Suppliers news: Timetric, Lynden Logistics, QMX-Abcourt, Cementation
Timetric: African mining equipment suppliers need to be punctual
News
Aureus Mining ‘not a one-horse show’
Aureus Mining (TSX: AUE; LSE: AUE) has doubled the size of the aggregate resource at its Ndablama deposit in Liberia, just 40 km northeast of where the company is building its flagship New Liberty gold mine.
Probe closes $41.6M land deal at Borden
December was a great month for Probe Mines (TSXV: PRB; US-OTC: PROBF) president and CEO David Palmer.
Barrick to shutter Lumwana as Zambian gov’t hikes royalty
Barrick Gold (TSX: ABX; NYSE: ABX) will soon suspend operations at its Lumwana copper mine in Zambia in response to the Zambian government’s move to more than triple the royalty rate on open-pit mines, starting in 2015.
Sherritt surges as Obama ends US isolation of Cuba
U.S. President Barack Obama’s call for a “new approach” in the U.S. government’s relationship with Cuba, including the establishment of diplomatic relations and an easing of economic and travel restrictions, has lifted…
PE fund invests in IMX’s Ntaka Hill nickel project
Private equity deals have been fewer this year than many in the mining sector had hoped, given the declining fortunes of hundreds of cash-strapped mining companies. So when a deal is made, it tends to get noticed.
Randgold’s Mark Bristow dreams big
Mark Bristow was a 24-year-old university student when he attended a party on the eve of the Midmar Triathalon — a gruelling canoe-cycle-run event held at the Midmar Dam north of Pietermaritzburg in South Africa.
BHP spinoff South32 to launch in mid-2015
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.
Short Position Report
Short positions outstanding at Dec.15/14 (with changes from Nov.30/14).
Coeur pays US$161 million for Paramount’s San Miguel
VANCOUVER — According to Coeur Mining (NYSE: CDE) president and CEO Mitchell Krebs, the company’s friendly take-over of junior Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) is one of the most “logical and strategic acquisitions”…
Short Position Report
Short positions outstanding at Nov.30/14 (with changes from Nov.15/14).
Fact ‘n’ figures: Citigroup favours palladium for 2015
Palladium mine supply production this year will fall to 5.9 million oz. — its lowest level in nearly 20 years, and an 8% drop from 2013 — while demand for the metal grows, Citigroup outlines in a Dec. 1 research report.