OGL Limited (ASX:OGL) was incorporated in the Isle of Man on 26 Jan 1987. It is a publicly-listed Company on the ASX as well as the CLOB (Central Limit Order Book) International, Singapore - stock code OGL. The Company was in the timber processing industry, which evolved into upstream forestry and agriculture-related developments. In 2012, the Company decided to change its principal operation to exploration, mining and trading of coal and other resources with a focus in Australia.
OGL Resources Limited
The Australian stocks Friday were cent higher in quiet trading. Investors remained cautious in the session, but Gold stocks jumped on higher gold prices. The benchmark S&P/ASX200 index was up 24.6 points, or 0.54 per cent, at 4551.9, while the broader All Ordinaries index rose 27.1 points, or 0.6 per cent, to 4574.1.
Overseas & General Limited (ASX:OGL) has entered into a Memorandum of Understanding (MOU) with Chinese entity Zhejiang Materials Industry Fuel Group as a preliminary step towards the determination of supply contract for OGL's Rahmat coal.
The Australian sharemarket ended slightly lower on Monday after a positive start driven by a resources sector buoyed by higher commodity prices. The pullback was led by major banks, and consumer staples. At close, the benchmark S&P/ASX200 index was down 6.4 points, or 0.14 per cent, to 4644.1, while the broader All Ordinaries gave up 6.1 points, or 0.13 per cent, at 4665.8.