|| Baobab Resources plc (LON:BAO) Operation Update On Tete Project|
JAN 17, 2011 18:00 - Article Views: 2,073
Baobab Resources plc (LON:BAO), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to present an update on the exploration activities currently underway at the Tete iron/vanadium/titanium project.
|| Australian Market Report of June 25,2010|
JUNE 25, 2010 09:30 - Article Views: 4,476
Australian share market lost momentum on Thursday, despite the change of Australia's Prime Minister pushed the market higher earlier. Resources shares surged on expectation that discussions between the government and the miners could end the uncertainty caused by the proposed mining tax. The local market ended slightly lower led by financials stocks. At the close, the benchmark S&P/ASX200 index gave up 6.4 points, or 0.14 per cent, at 4479.7 while the broader All Ordinaries index fell 5.3 points, or 0.12 per cent, to 4504.1.
|| Riversdale (ASX:RIV) Signs MOU with WISCO for Zambeze Coal Project|
JUNE 24, 2010 11:36 - Article Views: 4,621
Riversdale Mining (ASX:RIV) has signed a non-binding Memorandum of Understanding (MOU) with China's Wuhan Iron and Steel (Group) Corporation (WISCO) and a logistics partnership agreement with the China Communications Construction Co (HKG:1800) for the development of the Zambeze coal project in Mozambique.
|| Australian Market Report of June 7, 2010: Sedgman (ASX:SDM) Wins A$80m Benga Project Contract|
JUNE 7, 2010 13:30 - Article Views: 6,211
Australian shares today extended Friday's fall, dropping massively this morning. The Asian markets were broadly lower on Monday after the Dow Jones on Friday slumped 3.2 per cent due to the refresh fears on Europe debt. The Hungarian prime minister's spokesman said the country's economy was at risk of entering a Greek-style debt crisis. The benchmark S&P/ASX 200 index plunged more than 3 per cent in early trade.
|| Asian Markets Overview of January 14|
JAN 14, 2010 13:30 - Article Views: 7,372
US stocks overnight rose overnight as investors were looking for positive corporate results to fuel the rally after a disappointing start of the earnings season. A brokerage upgrade of drugmaker Merck & Co and an upbeat outlook from Kraft Foods Inc has helped to lift the healthcare and consumer sectors. Financial shares also climbed during a hearing over the financial crisis on Capitol Hill.
|| Australian Market Report of November 25: Slower Pace of US Recovery|
NOV 25, 2009 13:00 - Article Views: 6,368
US stocks closed weaker overnight after the US Commerce Department lowered its estimates of third quarter GDP and consumer spending. US economic growth in the third quarter was revised down to 2.8 per cent, down from an early estimate of 3.5 per cent expansion. Investors also worried Chinese banking regulator's capital-adequacy requirements would force the nation's lenders to tighten bank lending in China.
|| Riversdale Mining Limited (ASX:RIV) Secures Contract for Benga Coal Project in Mozambique|
APR 29, 2009 12:06 - Article Views: 4,282
Riversdale Mining Limited (ASX:RIV) is pleased to advise that the Company has today received approval from the Government of the Republic of Mozambique for the Mining Contract for the Benga Coal Project in Mozambique.
|| Australia Market Report of September 23: Market Sentiment Changed|
SEP 23, 2008 12:30 - Article Views: 6,967
Yesterday the Australia share market surged more than 4% after the US government announced the $US700 billion ($840 billion) Wall Street bailout over the weekend, and the ban on short selling locally. Short-selling targets Macquarie Group(ASX:MQG) and Babcock and Brown(ASX:BNB) bounced strongly as market participants sought to unwind short positions and bought up stock.
|| Riversdale Mining Limited (ASX:RIV) Increase In Mozambique Coal Reserve with Tata Steel Ltd JV|
APR 9, 2008 13:42 - Article Views: 6,019
Riversdale Mining Limited (ASX: RIV)(PINK:RFLMF) is pleased to announce the expansion of Coal Resources in one of its Exploration Licences, the Benga licence, near Tete in Mozambique. This licence is held in joint venture with Tata Steel Ltd of India. This announcement follows several months of exploration and drilling by Riversdale since the last release in November 2007. The Benga licence covers an area of 4,560 hectares and represents less than 2% of the Company's total tenement areas which comprise 23 licences in Mozambique with an area exceeding 290,000 hectares.