



Yesterday the Australian market ended slightly higher. The big miners such as BHP Billiton and Rio Tinto pushed the market up despite falls in the banking and finance sector, according to CMC Markets. The benchmark S&P/ASX200 index was up 9 points, or 0.29 per cent, at 3154.5, while the broader All Ordinaries index rose 10 points to 3121.7. Today the big miners are not likely to help the market up after the falls of commodities prices and lacking positive news from the US.
Yesterday the Australian shares ended flat as weaker Commonwealth Bank and energy stocks weighed on the market. The benchmark S&P/ASX200 index was up 10.6 points, or 0.3 per cent, at 3,581.2, while the broader All Ordinaries index gained 6.7 points, or 0.19 per cent, to 3,521.7. It could be fairly quiet during the pre-Christmas sessions. But the local market may be hit by the dropping commodities prices and the fears on US auto industry as US government has admitted that orderly bankruptcy can be one of the options for the troubled automakers.
Centrex Metals Limited (ASX: CXM) - High Grade Drill Results - Mr Gerard Anderson, MD; Boardroomradio is pleased to announce that Centrex Metals Limited (ASX: CXM) has published an audio file.
Grades of around 60% iron - a benchmark for iron ore mining - have been confirmed in the first round of drilling results by Centrex Metals Limited (ASX: CXM) on its projects in Eyre Peninsula in South Australia.
The 14,000 metre reverse circulation exploration and resource definition drilling program has been scheduled by newly-listed Centrex Metals Limited (ASX: CXM) on its Wilgerup hematite deposit, 30 kilometres southeast of Lock on Eyre Peninsula.
South Australia's newest iron ore explorer, Centrex Metals Limited, has reached agreement to negotiate with a major Chinese steel producer for a multi-million dollar supply arrangement on development of its first mine on Eyre Peninsula.
Centex Metals Limited will immediately implement its planned drilling programmes following successfully raising more than $8 million in an Initial Public Offer (IPO).