Suppliers Roundup (April 11, 2005)

Newmont buys software

Newmont Mining (NEM-N), the world’s largest gold producer, has purchased the ACIS system, which finds and analyzes information in company databases.

The ACIS software is designed and marketed by Halifax, N.S.-based Coemergence.

The software sifts through company databases to find information it deems valuable, and links various internal information systems. Newmont plans to use ACIS to help form exploration plans.

“The software helps us manage our corporate knowledge and strengthen our information sharing culture,” says Stephen Enders, Newmont’s vice-president of worldwide exploration.

Coemergence uses Metals Economics Group’s Minesearch database, which provides updated information on mining projects and companies throughout the world. ACIS will compare Minesearch data with those from Newmont.

Snowden in Colombia

Greystar Resources (GSL-T) has hired Snowden Mining Industry Consultants to produce a technical report for its Angostura gold-silver project in northeastern Colombia.

The report will include a new resource estimate based on the nearly 97,000 metres drilled to date. Recent drilling outlined 27 vein-like structures. The report will include the new data and comply with National Instrument 43-101.

Underground drifting and crosscutting at Angostura are under way and a 100-metre raise is being driven on vein 24. Material from the raise will provide a bulk sample, to be evaluated by Metcon Research of Tucson, Ariz. Metcon is currently testing large samples from underground.

Snowden has offices in Perth, Brisbane, London, Johannesburg and Vancouver.

New suppliers compendium

The Canadian Association of Mining Equipment & Services for Export has published the ninth edition of the CAMESE Compendium of Canadian Mining Suppliers.

The 164-page magazine contains profiles of more than 250 Canadian-based suppliers of mining equipment and services. Twenty-thousand copies will be distributed at international mining trade shows. The material is also available at www.camese.org.

CAMESE helps Canadian suppliers reach global markets, and assists foreign buyers and dealers in finding Canadian partners.

To order a copy, call (905) 513-0046 or e-mail the association at minesupply@camese.org

Letter causes delays

Texas-based Terex Reedrill has sent its Canadian suppliers a letter that includes contact and mailing information only intended for the company’s American-based suppliers.

Terex Reedrill, a subsidiary of Orenstein & Koppel, issued an apology, telling Canadian suppliers to disregard contact information contained in the letter. This has resulted in processing delays for remittances sent to the Texas address by Canadians.

Invoices for Canadian suppliers should be addressed to Terex Reedrill, 2555 Maley Drive, Sudbury, Ont. P3A 4R7. They will be processed from the Sudbury location, then mailed from the Texas Reedrill offices in Sherman, Tex.

Fordia touts its bits

Montreal-based Fordia Diamond Tools has launched the T-Rex series of diamond drill bits.

The new bits are said to last 20% longer than previous units, and they put less torque on drills, preventing mechanical breakdowns.

The bits are designed for use in medium-to-hard and hard ground, and penetrate a wide range of rock formations.

“The T-Rex series offers excellent bit life and maximum free cutting,” says Edward Stringer, president of Subury, Ont.-based Stringer Exploration. “They drill and bore better than most other bits I’ve tried.”

Fordia products include diamond-impregnated and surface coring bits, reaming shells and casing shoes, as well as custom-made tools.

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