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Metals Economics Group pipeline activity index, March 2012

Metals Economics Group (MEG) Pipeline Activity Index (PAI) slid for the third consecutive month in January to its lowest level since mid-2010, before showing some encouraging signs of recovery in February. Gold drilling regained momentum lost during the holidays, and the total number of initial resources announced in January-February matched the highest two-month total since early 2009.

Babcock awarded £100m fleet management contract with Lafarge

Lafarge has awarded Babcock International Group a £100m ten-year contract to provide a fleet managed service for its Heavy Mobile Equipment (HME) located across its Aggregate and Cement sites in North America. The programme follows the £50m fleet management contract awarded to Babcock in July 2011, which covers Lafarge’s Aggregate and Cement sites in the UK.
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RANKED: World’s top 20 largest gold mines

Mine production saw a modest rise to 3,672 tonnes last year, WGC data shows.