OVERVIEW - Upside in nickel, zinc and palladium

Heavyweight broker Goldman has nickel, zinc and palladium as its top mining commodity picks in 2014, according to Proactive Investors. On the other hand, it is bearish on iron ore and copper forecasts for the next 12 months.

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INVESTMENT - TNG reaches agreement on hematite

TNG Limited has reached agreement with privately-owned Chinese resource company Teng Fei Mining Ltd to enter into a new venture covering the Legune high-grade hematite prospect on its Manbarrum Zinc-Silver Project in Australia’s Northern Territory.

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SUPPLIERS - ADEN secures Indonesian contract

Remote Site Management Company ADEN Services (PT Indonesia Prima Boga) has continued its rapid expansion into Indonesia by winning the contract to provide full camp management services for the Natarang mining project.

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SUPPLIERS - Slight rise in 2013 turnover

After a tremendous run where mining equipment manufacturers tripled turnover within 10 years to Euro 6.2 billion, 2013 was estimated to end on a 1% increase to about Euro 6.3 billion, according to the German Engineering Federation’s VDMA Mining Equipment Association. For 2014 companies are anticipating losses in the lower double-digit percentage range due to falling raw material prices and general market insecurity.

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