Press Releases

Sydney, June 30, 2011 (ABN Newswire) - Most Asian markets opened stronger today. The S&P/ASX 200 gained 0.64% to 4558.4 in early trade. Nikkei 225 jumped higher right after the opening bell but soon lost ground, down 0.01% to 9,796.52 in the first two hours of trading. Hang Seng Index rose 0.72% to 22219.81, while Shanghai Composite was up 0.37% to 2738.49.

Company News

Axiom Mining Limited (ASX:AVQ) has been granted a mineral exploration licence over 23 square kilometres in Vietnam. The licence gives Axiom exclusive access to carry out all forms of exploration. The granted area lies 40km east of the world-class Sepon gold and copper mines in Laos and is part of the same geological and structural basin. Exploration activities are expected to commence in July.

Goodman Group (ASX:GMG) announced the acquisition by Canada Pension Plan Investment Board of Goodman's 50% interest in the Interlink Project, a major logistics facility to be developed in Hong Kong in almost a decade. The transaction will help to drive Goodman's growth strategy in the region, providing capital for reinvestment in new opportunities across Greater China, specifically in its targeted cities of Shanghai, Beijing, Chengdu and Chongqing.

Universal Coal plc (ASX:UNV) has received the first draft of the Bankable Feasibility Study for the Kangala coal projects in South Africa. The draft study indicates positive economics for the project, and Universal Coal will now proceed to review and optimize the project with the final Bankable Feasibility Study expected by the end of September 2011.

Galilee Energy Limited (ASX:GLL) announced the first coal seam gas resource estimation for the Galilee Gas Project. The Contingent Resource is estimated at 259 petajoules of 2C and 1,090 petajoules of 3C Resources. The Company will focus on the pilot and planned drilling campaign in the next six months to provide a basis for a larger resource estimate.

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