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Finance - Financial General

         
Pan Asia Corporation Limited (ASX:PZC) TCM Coal Project Continues To Provide Good Results, Calorific Values >7000 cal/g
2010/03/22  10:18
Pan Asia Corporation Limited (ASX:PZC) are very pleased to provide the following update on drilling activities at the TCM Coal Project located in South Kalimantan, Indonesia.
Conquest Mining Limited (ASX:CQT) And Gold Fields Settle Dispute
2010/03/22  10:15
Conquest Mining Limited (ASX:CQT) (PINK:CQMLF) is pleased to announce that the Company has achieved an amicable agreement with Gold Fields Australasia (Gold Fields) to settle all disputed matters that have been under discussion between the companies as joint venture partners in the Mt Carlton Project.
Iron Road Limited (ASX:IRD) Updates On Warramboo 2010 Drilling Programme At Central Eyre Iron Project
2010/03/22  09:50
Iron Road Limited (ASX:IRD) is pleased to advise that drilling at the Company's wholly owned Central Eyre Iron Project continues to proceed to plan. The Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss*. The current programme encompasses resource expansion drilling to increase an existing JORC compliant inferred resource estimate of 110Mt at the Boo-Loo prospect located within the Warramboo Project area.
Marion Energy Limited (ASX:MAE) Announces The Oman 2-20 Well Remediation Program Successfully Proceeding
2010/03/22  09:18
Marion Energy Limited (ASX:MAE) (PINK:MAEJF) is pleased to report to provide an update on the successful remediation work underway at its Oman 2-20 well in Utah. The staged work is part of the Company's work program designed by Chief Operating Officer Jay Stratton, designed to bring a number of key wells back into production over the coming nine months.
Pluton Resources Limited (ASX:PLV) Irvine Island Assay Results
2010/03/19  14:48
Pluton Resources Limited (ASX:PLV) has received assay results for the first 2 holes of Phase II drilling on Hardstaff Peninsula, Irvine Island, Western Australia (E04/1172).
Otto Energy Limited (ASX:OEL) Announce The Completion Of Erdine Gas Plant System And A Turkey Exploration And Development Update
2010/03/19  14:10
Otto Energy Limited (ASX:OEL) (PINK:OTTEF) is pleased to advise that the construction of the Edirne Gas Plant System has been completed. Gas sales will commence following completion by BOTAS, the state-owned pipelines and trading company in Turkey, of a hot tap on its 14" main line to create the delivery point for the Edirne gas. The Joint Operators are in the process of retrofitting the hot tap fitting to accommodate Botas' requirements.
Asian Markets Overview of March 19, 2010: Toho Zinc (TYO:5707) To Double Stake in CBH Resources (ASX:CBH)
2010/03/19  13:30
Wall Street overnight gained for an eighth consecutive session with a low trading volume. Thursday US weekly jobless claims data and core consumer prices in February provided mild support for the market. Most Asian markets declined yesterday. Japanese exporters were hurt by the weakness in euro against yen. Nikkei 225 lost nearly 1.0 per cent, and South Korea's Kospi dropped 0.5 per cent. Hong Kong and mainland China markets gave up their early gains to close lower on Thursday on renewed fears that China might take further measure to control the pace of bank lending. Shanghai composite closed down 0.14 percent, while Hang Seng Index fell 0.25 percent.
Australian Bauxite Limited (ASX:ABZ) Completes A$3.5 Million Placement
2010/03/19  12:40
Australian Bauxite Limited (ASX:ABZ) advises that is has completed the placement of 10 million fully paid ordinary shares (14.29% of its issued capital) at 35 cents per share to institutional and sophisticated investors, as defined under Section 708 of the Corporations Act, raising A$3.5 million before costs.
Environmental Clean Technologies (ASX:ESI) Appoints Larry Hanley As Non-Executive Director
2010/03/19  12:11
Environmental Clean Technologies (ASX:ESI) today announced the appointment of a new independent non-executive director to its Board.
Bandanna Energy Limited (ASX:BND) Commences Pre Feasibility Study for South Galilee Project
2010/03/18  17:04
Bandanna Energy Limited (ASX:BND) is pleased to announce that the Operator of the South Galilee Project Joint Venture, AMCI (Alpha) Pty Ltd, has commenced Pre Feasibility Studies (PFS) following the award of various contracts. The PFS follows successful completion of a Concept Study which identified a conceptual open cut and underground mine development of 43 years mine life, with an average annual production of between 15 and 20 Mt of thermal coal, centred on EPC 1049.
Dynasty Metals Australia Limited (ASX:DMA) Announce 450+ Million Tonne JORC Compliant Resources For Prairie Downs Iron Project - Pilbara W.A.
2010/03/18  14:25
Emerging iron ore explorer Dynasty Metals (ASX:DMA) today announced an initial maiden 453 million tonne JORC Compliant Resources including 129 million tonnes @ 30.5% Fe (equivalent to Calcined Fe "CaFe" of 33%) at a cut-off grade of 27% Fe in the Company's Spearhole Detrital Channel Iron deposit at Prairie Downs in the Pilbara region of Western Australia.
Murchison Metals Limited (ASX:MMX) Announce Oakajee Port And Rail (OPR) Planning 45MTPA Capacity For Foundation Customers
2010/03/18  13:57
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Oakajee Port & Rail (OPR) is now targeting initial capacity of 45 million tonnes per annum (mtpa) at the new Oakajee Port.
Asian Markets Overview of March 18, 2010: Daiwa Securities (TYO:8601) as Lead Manager of an IPO in China
2010/03/18  13:30
Asian stocks are expected to extend gains on Thursday as US and Britain markets climbed to multi-month highs overnight. Wall Street was pushed to a fresh 17-month high as investors cheered for the drop in February Producer Price Index, or wholesale inflation. Yesterday most major Asian markets were stronger after the U.S. Federal Reserve pledge to keep interest rates low for an extended period. The Bank of Japan also left its rate unchanged at 0.1 per cent. The Nikkei Index gained 1.2 per cent and South Korea's Kospi was up 2.1 per cent. Shanghai Composite lifted 1.9 per cent while Hong Kong's Hang Seng Index gained 1.7 per cent.
AuDAX Resources Limited (ASX:ADX) Finalising Farmouts For Sicily Channel And Chorbane Permits
2010/03/18  12:51
AuDAX Resources Ltd (ASX:ADX) (PINK:ADXRF) is in the process of finalising a number of farmouts in relation to its Tunisian offshore and onshore acreage that are expected to provide a material source of funding to enable the drilling of an onshore well on the Sidi Daher prospect in the Chorbane permit and an offshore well on the Sambuca prospect in the company's Sicily channel permits.
Owen Hegarty (G-Resources Group HKG:1051) to Present at Melbourne Symposium Wednesday 17th March, 2010
2010/03/17  14:22
The Executive Vice Chairman of Hong Kong listed G Resources Group (HKG:1051), Owen Hegarty, will today present at Symposium's Melbourne Resources Roadshow. G-Resources is a Hong Kong listed gold exploration, development and operating company that is looking to grow a world class Asia/Pacific based and focussed gold company.
Asian Markets Overview of March 17, 2010: Chuo Mitsui (TYO:8309) Setting Up Real Estate Fund
2010/03/17  13:30
Asian markets are set to deliver a positive start on Wednesday. US stocks rose to a fresh 17-month high overnight as the US Federal Reserve acknowledged the U.S. economy was gaining momentum and reiterated that the central bank will keep interest rates low for an extended period. Yesterday Asian shares closed mixed ahead of Federal Reserve and Bank of Japan's policy meetings. Japan's Nikkei 225 fell 0.3 per cent after three-day gains; however, China's Shanghai Composite rebounded from falls in previous two sessions. Hong Kong market shed 0.3 per cent as coal mining shares were hurt by China Shenhua's disappointing earnings.
ABN Newswire Stocks to Watch: March 17, 2010
2010/03/17  11:00
ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Meteoric Resources (ASX:MEI), Cougar Energy Limited (ASX:CXY), Magnetic Resources (ASX:MAU), ABM Resources NL (ASX:ABU), AusTex Oil Limited (ASX:AOK), and Victory West Moly Limited (ASX:VWM).
Australian Bauxite Limited (ASX:ABZ) Finalises A$3.5 Million Placement
2010/03/17  10:10
The Directors of Australian Bauxite Limited (ABx)(ASX:ABZ) are pleased to advise that it has finalised a placement of 10 million fully paid ordinary shares at 35 cents per share raising A$3.5 million before costs.
FerrAus Limited (ASX:FRS) Intention To Spin Out Lawson Gold Assets
2010/03/17  09:47
FerrAus Limited (ASX:FRS) (PINK:FRRAF) are pleased to announce their intention to spin-out the Lawson Gold Project (the Project), formerly the Silver Swan North Project, into a newly formed subsidiary company, Lawson Gold Limited (Lawson Gold). As part of the spin-out, Lawson Gold intends to conduct an Initial Public Offering (IPO) through the issue of new shares in Lawson Gold and seek a listing on the Australian Securities Exchange (ASX).
Victory West Moly Limited (ASX:VWM) Completes An Underwritten Placement Of A$1.5 Million
2010/03/16  16:02
Victory West Moly Limited (ASX:VWM) is pleased to announce it has completed arrangements for the capital raising of A$1,500,000. These additional funds will strengthen the company's cash position as it continues its exploration programme of its Malala Molybdenum Project, Sulawesi, Indonesia.
AusTex Oil Limited (ASX:AOK) Provides An Update On Operations In Kansas
2010/03/16  15:38
AusTex Oil Limited (ASX:AOK) advises the following update on operations in Kansas. Eisenhour #1 Well - McCracken Project; The operator, Castle Resources Inc., advises that drilling of the wildcat Eisenhour #1 well reached a Total Depth (TD) of 4100 feet overnight. Cooper Project - Sheridan County; Drilling operations are underway on the water disposal well located south of the successful Clark #1 Well.
Asian Markets Overview of March 16, 2010: Pilot (TYO:7846) Expand Deeper into China and India
2010/03/16  13:30
Wall Street's modest gain overnight provided Asian stocks a positive lead, but lingering concerns over China's monetary policy could drag the regional markets today. Investors may keep cautious ahead of policy meetings by the US Federal Reserve and the Bank of Japan this week. Yesterday most Asian markets were lower. Japan's Nikkei 225 ended flat and South Korea's Kospi fell 0.8 per cent. China's Shanghai Composite lost 1.2 per cent, and Hong Kong's Hang Seng Index declined 0.6 per cent amid fears of Chinese government's possible credit tightening measure.
ABM Resources NL (ASX:ABU) Releases Details On Barrow Creek Gold Targets
2010/03/16  13:30
ABM Resources NL (ASX:ABU) is pleased to present results compiled and validated from its regional exploration portfolio and database for the Barrow Creek area in the Northern Territory.
Texon Petroleum Limited (ASX:TXN) Commences Drilling The Mosman-Rockingham Leases Within The Olmos And Eagle Ford Potential
2010/03/16  12:27
Texon Petroleum Ltd (ASX:TXN) advises that the first well on its 3,270 acre Mosman-Rockingham leases - Mosman-Rockingham #1 (MR #1 or Hoskins #1), commenced drilling on 15 March 2010. MR #1 will be a vertical well to a planned total depth of 3,490 metres (11,450 feet) and will investigate the presence and characteristics of the Olmos and Eagle Ford reservoirs in the Mosman-Rockingham leases.
Magnetic Resources NL (ASX:MAU) Identifies Two Magnetic Anomalies At Mt Vernon Iron Project
2010/03/16  11:30
As part of Magnetic Resources' (ASX:MAU) ongoing iron ore exploration in the south west of WA, Magnetic Resources has identified two pronounced magnetic anomalies about 30km northeast of the Newdegate town site and railway line. The eastern magnetic anomaly is interpreted to be a BIF some 10km in length whereas the nature of the western magnetic complex remains to be determined but is consistent with magnetite-rich lithologies, possibly related to a tightly folded metamorphosed BIF sequences about 14km in strike length.
Meteoric Resources NL (ASX:MEI) Prepares To Carry Out Aeromagnetic Surveys For Webb Iron-Oxide-Copper-Gold (IOCG) Project
2010/03/16  10:28
As part of Meteoric Resources' (ASX:MEI) ongoing assessment of iron oxide-copper-gold (IOCG) targets in the Webb area of the West Arunta region of WA, Meteoric is preparing to carry out detailed airborne magnetic surveys on several of these target areas. The aeromagnetic surveys, which are subject to permitting processes normal for aboriginal reserves, together with gravity surveys, will be used to define drilling targets on several IOCG prospects.
Iron Road Limited (ASX:IRD) Institutional Capital Raising Of A$6.1 Million
2010/03/16  09:46
Iron Road Limited (ASX:IRD) today announced it has placed 9,623,928 shares at a price of A$0.64 per share, raising total funds of A$6.1M. The shares were predominantly placed to existing institutional investors of Iron Road and new North American based institutional investors. The shares have been issued pursuant to ASX listing rule 7.1.
Kingsrose Mining Limited (ASX:KRM) Prepares to Commission the Way Linggo Gold and Silver Mine in Indonesia
2010/03/15  17:56
Kingsrose Mining Limited (ASX:KRM) is applying the finishing touches to its high-grade Way Linggo gold and silver mine in Indonesia with aim being to start commissioning the processing plant near the end of next month.
iSOFT Group (ASX:ISF) Boosts Telehealth Strategy With Medic4all Partnership
2010/03/15  15:04
iSOFT Group Limited (ASX:ISF) - Australia's largest listed health information technology company today announced an agreement with Switzerland-based Medic4all that will significantly boost iSOFT's ability to deliver solutions that satisfy the growing demand for the delivery and monitoring of healthcare outside the traditional hospital environment.
Asian Markets Overview of March 15, 2010
2010/03/15  13:30
Asian shares received mixed lead from Wall Street. Friday the US market closed flat after better-than-expected US retail sales and slightly lower consumer sentiment data. Meanwhile, financial shares erased some of their gains after rallies last week. Asian markets also closed mixed Friday. Japan's Nikkei was 0.8 per cent higher, led by Japanese exporters. But Shanghai and Hong Kong markets dropped as banks and mainland based real estate shares were hit by concerns over policy tightening amid rising inflation. Shanghai Composite fell to nearly a three week low.
Metallica Minerals Limited (ASX:MLM) Commences First Drilling on Newly Acquired Greenvale Nickel Project
2010/03/15  12:08
Metallica Minerals Limited (ASX:MLM) is pleased to announce that the Company's maiden nickel-cobalt drilling program has commenced on the recently acquired Greenvale Mine Site located in the southern portion of Metallica's flagship NORNICO Ni-Co project northwest of Townsville in Queensland.
iSOFT Group Limited (ASX:ISF) Reaffirms FY10 Guidance and Says NPfIT Commitments on Track
2010/03/15  10:56
iSOFT Group Limited (ASX:ISF), Australia's largest listed health information technology company, today reaffirmed its guidance for fiscal 2010 and said it is on track to achieve the agreed date for the rollout of Lorenzo at University Hospitals of Morecambe Bay NHS Trust under the UK's National Programme for IT (NPfIT).
Victory West Moly Ltd (ASX:VWM) Significant Increase In Prospective Molybdenum Contact Zone In Indonesia
2010/03/15  10:41
Victory West Moly Ltd (ASX:VWM) is pleased to announce the completion of a detailed, three-dimensional, double-offset dipole-dipole Induced Polarisation (IP) geophysical survey (the "IP Survey") over the Anomaly B prospect area.
Texon Petroleum Ltd (ASX:TXN) Update on High Productivity Olmos and Eagle Ford Wells
2010/03/15  10:22
Texon Petroleum Ltd (ASX:TXN) has a 70-100% WI in 4,500 acres of leases over its Leighton-Mosman-Rockingham projects, where there are two reservoir targets.
AUDIO: Westside Corporation (ASX:WCL) CEO, Angus Karoll Speaks with Brian Carlton On Joint Venture with Mitsui LNG
2010/03/12  13:34
AUDIO: Westside Corporation (ASX:WCL) CEO, Angus Karoll Speaks with Brian Carlton On Joint Venture with Mitsui LNG
Asian Markets Overview of March 12, 2010
2010/03/12  13:30
Banking shares continued to push the US market higher overnight, despite resources and industrial sectors were hurt by worries that China may tighten its policy to cool the overheating economy after the country's latest inflation data. Consumer price index for February in China rose a faster-than-expected 2.7% in February from a year earlier. Thursday Asian markets closed mixed. Several major markets dropped after Chinese economic data. Japan's Nikkei index was up 1 per cent and Hong Kong's Hang Seng Index inched up 0.1%. Taiwan's Taiex lost 0.4 per cent and South Korea's Kospi shed 0.3 per cent. China's Shanghai Composited gave up most of its early gains and closed with a 0.1 per cent gain.
ABN Newswire Stocks to Watch: March 12, 2010
2010/03/12  10:30
ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), AusTex Oil Limited (ASX:AOK), Beach Energy Limited (ASX:BPT) (PINK:BEPTF), Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF), Magnetic Resources NL (ASX:MAU) and Pluton Resources Limited (ASX:PLV).
Benitec Limited (ASX:BLT) "Graham" Patent Granted In Japan
2010/03/12  10:17
Benitec Limited (ASX:BLT) (PINK:BNIKF) today announced that a patent "Control of Gene Expression", part of the Graham patent family of RNA interference (RNAi) patents was granted in Japan. The "Control of Gene Expression patent" is a patent in the foundational Graham RNAi patent family and is related to the '099 patent currently under reexamination at the USPTO.
Atlas Iron Limited (ASX:AGO) Updates On The Aurox Resources Merger
2010/03/12  09:31
Atlas Iron Limited (ASX:AGO) and Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) yesterday announced to the Australian Securities Exchange (ASX) that they have executed a Scheme Implementation Agreement to effect a merger of the two companies by way of Scheme of Arrangement. Atlas will issue Aurox shareholders with one Atlas share for every three Aurox shares they hold upon implementation. The merger has been unanimously recommended by the Board of Aurox and the Aurox Board members intend to vote in favour of the Scheme in relation to their personal shareholdings in Aurox, in the absence of a superior proposal.
Pluton Resources Limited (ASX:PLV) Updates On The Irvine Island Drilling Programme
2010/03/11  14:50
Management are pleased to announce that drilling by Pluton Resources Limited (ASX:PLV) has intersected a continuation of visible iron mineralisation west of the current Inferred Resource on Hardstaff Peninsula, Irvine Island, Western Australia (E04/1172).

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