CBH Resources Limited
Thomson Resources Limited (ASX:TMZ) are pleased to provide the December Quarterly Activities Report - December 2012.
Emerging Cobar district explorer and developer Peel Mining Limited (ASX:PEX) is pleased to announce that Peel and CBH Resources Limited (ASX:CBH), a wholly owned subsidiary of Toho Zinc Co Ltd., have signed a binding Heads of Agreement related to EL7461 and ML1361, which includes the Mallee Bull copper-polymetallic discovery near Cobar.
Kimberley Metals Limited (ASX:KBL) advises that Stephen Lonergan has today been appointed as Executive Director, Commercial. This appointment will strengthen the executive team of Executive Chairman Jim Wall and Chief Operating Officer Stuart Mathews in driving the Company towards gold, silver and copper production at Mineral Hill in 2011 and advancing the world scale Sorby Hills silver/lead project.
Rick Watsford - BSc, MBA, FAusIMM - has 35 years of mining industry experience, the majority of which has been in senior management roles in the exploration, mining and production of base metals, industrial metals and gold.
The Australian market rebounded to above 5000 points today after Wall Street gained on hope of upbeat US corporate earnings. On Wednesday, investors would look to consumer sentiment data from Wespac and Melbourne Institute. The local market fell back to below the 5000 points level on a weaker performance in Asian markets. Today Asian shares were mostly higher following the positive lead from Wall Street.
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 sharemarket dropped on Thursday due to concerns that China's bank lending halt may hit the global economy recovery. Chinese government data showed that GDP increased by 8.7 per cent in 2009 but inflation surged towards the end of the year. The results fuelled the expectations that China will introduce more measures to slow inflation. At the close on Thursday, the benchmark S&P/ASX200 index was down 41 points, or 0.8 per cent, at 4827.2, while the broader All Ordinaries index lost 45.8 points, or 0.9 per cent, to 4849.6.
Yesterday the Australian sharemarket gained as the Chinese government released a report showing that China's exports jumped 17.7 per cent in December. The Australian dollar was stronger on Monday on the positive Chinese trade data and improved domestic jobs data. The benchmark S&P/ASX200 index advanced 38.6 points, or 0.8 per cent, at 4950.7, while the broader All Ordinaries index was up 39 points, or 0.8 per cent, to 4981.2.
Australian share market ended the first week of 2010 with a 15-month high as banking shares rebounded on Friday from the falls in previous session, offsetting losses in resources sector. At the close, the benchmark S&P/ASX200 index rose 12.7 points, or 0.3 per cent, to 4912.1, while the broader All Ordinaries index advanced 11.7 points, or 0.2 per cent, to 4942.2.
Overnight Wall Street fell following a massive sell-off in Chinese shares, which plunged 6.7 per cent on Monday. The Shanghai Composite index has lost more than 20% of its value in one month.