Leading industrial companies from the Gulf Region, Saudi Basic Industries Corporation ("SABIC") and Qatar Steel Company ("Qatar Steel") have today signed in Nouakchott, Mauritania a historic Memorandum of Understanding ("MoU") with the Mauritanian iron ore producer, Societe Nationale Industrielle et Miniere ("SNIM"), and its partner, Sphere Investments Ltd ("Sphere").
Sphere Investments Ltd (ASX: SPH) has announced that the mineral resource for the Guelb el Aouj East Deposit in Mauritania has been upgraded to 701 million tonnes (Mt), from 450Mt announced by the Company 12 months ago, as the result of the latest drilling campaign.
Cashed up gold and base metals explorer, Shield Mining Limited, has announced a A$1.5 million Initial Public Offer ahead of its listing on the Australian Stock Exchange next month.
Sphere Investments (ASX: SPH) announce that the Stage 2B of the bankable feasibility study (BFS) on the 7Mt/a Guelb el Aouj DR pellet project in Mauritania, commenced in February 2006.
SPHERE INVESTMENTS LIMITED (ASX: SPH) - Continued Support from Gulf Steel Producers - Mr Alexander Burns, Managing Director; Boardroomradio is pleased to announce that SPHERE INVESTMENTS LIMITED (ASX:
Sphere Investments Limited is pleased to announce the placement of 34,700,000 fully-paid ordinary shares to sophisticated and institutional clients of Euroz Securities Limited at $1.00 per share to raise $34,700,000 (before issue related costs).
Sphere Investments Ltd (ASX: SPH) - whose bankable feasibility study into the Guelb el Aouj iron ore project in Mauritania is well advanced - is to assess the exploration potential of the nearby Bou Derga and Tintekrate magnetite deposits.
