Archive for the ‘WANTED TO SELL’ Category

Move over Alrosa says Rio Tinto. We want to drive growth in India’s diamond sector

Saturday, December 20th, 2014

Bunder diamond jewellery collection. (Image courtesy of Rio Tinto Diamonds) www.www-globalcommodities.com

Mining giant Rio Tinto (LON:RIO) hinted Thursday its 30-year partnership with the Indian diamond industry makes it the best fit to drive the sector’s growth in the country.

Speaking at the World Diamond Conference in Delhi, Rio Tinto Diamonds managing director Jean-Marc Lieberherr said the company’s presence in the local industry was a decades-long journey that covers “everything” — from diamond manufacturing technology, to market development initiatives and “the first diamond discovery in India in decades.”

His statement comes barely a week after the news of Russian President Vladimir Putin aiming to secure a long-sought deal with India that would significantly boost exports of state-owned diamond miner Alrosa.

The Russian miner is expected to sign today a dozen deals with Indian buyers to increase direct deliveries to Asia’s third-largest economy, as financial capital Mumbai aspires to expand as a trading hub.

Rio said it remains bullish about the opportunities India has to offer, even though its flagship diamond project in the country, Bunder (monkey in Hindi), has run into permit hurdles.

Environmentalists have been raising concerns over potential threats to a tiger corridor about 100 km from the deposit in the in Madhya Pradesh region. So Rio is now working on securing environment and forest clearances to get its final mining plan approved.

“Development of our Bunder diamond project in Madhya Pradesh is a natural continuation of the partnership model and would put India among the top 10 diamond producing countries in the world,” Lieberherr said.

The touted project, discovered in 2004, is expected to generate about 30,000 jobs and produce up to 3 million carats a year, Rio has said.

Once operational, Bunder will be one of the only four diamond mines globally that are likely to be operational over the next decade.

The company also said that its Argyle Diamonds mine in Australia will be delivering increased volumes from 2015, which will have a direct impact on the Indian manufacturing sector.

project & construction finance banner image www.money-au.com (11)

Henry Sapiecha

Abandoned Canadian mining town up for sale

Monday, August 25th, 2014

A whole town in British Columbia, Canada’s most western province, has been put up for sale and for less than $1 million. Yes, you read that right.

Just two hours north from the popular resort town of Whistler and four from Vancouver, the ghost town of Bradian, a former suburb of the gold mining town of Bralorne, has been listed for Cdn $995,000.

The 20-hectares town has over 22 houses still standing in reasonable condition and all basic infrastructure and it is already zoned rural residential, according to realtor John Lovelace.

The seller is a family who bought it in 1997 and used Bradian as a place to take holidays and work on the buildings.

In fact Lovelace told The Province he has received dozens of inquiries, but most back off when they realize how much work is required to upgrade the town.

Henry Sapiecha

abandoned-canadian-mining-town-up-for-sale image  www.www-globalcommodities.com

 

 

 

 

 

 

 

 

 

 

 

 

mining town for sale canada image map www.www-globalcommodoities.com

DEBT REDUCTION BY BARRICKS RESULTS IN 3 AUSTRALIAN GOLD MINES BEING PUT UP FOR SALE

Tuesday, April 23rd, 2013

BARRICKS GOLD SELLS OFF SOME GOLD MINES TO REDUCE DEBT

Barrick Gold, the world’s largest gold producer, has put three Western Australian mines up for sale in order to alleviate some of its current $11.6 billion debt burden, reported Reuters on Monday.

Merrill Lych and UBS will advise on the sale of Barrick’s Darlot, Granny Smith, and Lawlers mines, which produced a combined 452 000 oz of gold at $768/oz in 2012.

Barrick has run into recent trouble at its $8.5 billion Pascua Lama project in Chile as a court ordered a halt in production earlier this month.

Two Chinese firms, Zijin Mining and Shandong Gold, have been identified as potential buyers.

Henry Sapiecha

GOLD ATTRACTS BUYERS FOR DISCOUNTED BLACK MARKET GOLD

Tuesday, December 11th, 2012

BLACK MARKET GOLD AT DISCOUNT PRICE-GOLD IS GOLD-OR IS IT?

On offer was  posted”perennial supply of gold ore” purportedly of “superior quality” but with no purity rating at “PRICE $42000 PER KG _”. The ruling price for gold on Monday was closer to $55,000 per kilogram of gold.



Gold Company

Sourced & posted by Henry Sapiecha

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Monday, January 30th, 2012

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AUSTRALIAN DAIRY OPERATION NOW FOR SALE

Thursday, July 29th, 2010

Big Narrikup dairy up for sale in WA

RACHEL DONKIN, The West Australian July 21, 2010, 7:13 am

Ravenhill Dairy marketing manager Rhys Ravenhill with some of the milkers at Narrikup.
Danella Bevis / Danella Bevis ©

Thirsty? How about a glass or two of milk? Milking cows a plenty.

Graham and Jan Ravenhill produce eight million litres of the white stuff at their dairy farm at Narrikup, near Mt Barker, which they have decided to put on the market as their three sons forge their own paths in business.

But the couple will leave a little bit of themselves behind when they walk away from the operation.

After setting up at Narrikup with a handful of cows 19 years ago, Ravenhill Dairy now lays claim to being the third-biggest operation in the State, with the 950ha farm’s 1100 cows producing 2.5 per cent of all milk produced in the State (about 320 million litres).

WA accounts for about 170 of the more than 10,000 dairy farms across the country, which together produce enough product to give Australia the title of the world’s second-biggest dairy exporter.

Although about 50 per cent of the milk produced at Ravenhill is exported through the Challenge Dairy Co-operative, the business also has a retail presence, the result of a decision six years ago to establish a processing plant and branch out into branded products.

Ravenhill Dairy milk – the family also tried its hand at yoghurt but it proved less profitable – can now be bought across the counter at most retail outlets in the Albany region.

The Ravenhill name has been linked to milk since 1925, when Graham’s grandfather began a small dairy near Walpole.

But with their three sons ready to head in different directions – Bevan is a dairy farmer in his own right, Ken is focused on cropping and Rhys will pursue interests outside agribusiness – the Ravenhills say they are now looking forward to trying out the ‘nine-to-five’ existence that is so familiar to city folk.

The family declined to discuss the sale price.
Sourced & published by Henry Sapiecha
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