Core Exploration Limited (ASX:CXO) is pleased to provide an update for activities at its Finniss Lithium Project and to announce the appointment of Mr Blair Duncan as General Manager Project Development to spearhead development of its Finniss Lithium Project near Darwin the Northern Territory.
Australian Market Report of January 21, 2011 includes: Prairie Downs Metals Limited (ASX:PDZ) reported high grade zinc-lead-silver mineralisation; BC Iron Limited (ASX:BCI) announced proposed acquisition by Regent Pacific Group Limited (HKG:0575); Middle Island Resources Limited (ASX:MDI) completed an 800m trenching programme on the Reo Project in Burkina Faso; Archer Exploration Limited (ASX:AXE) will commence a ground gravity survey at Wildhorse Plains in South Australia.
Australian Market Report of October 26, 2010 includes: Territory Uranium Company Limited (ASX:TUC) announced exciting Rare Earth discovery in the Northern Territory; Kangaroo Resources Limited (ASX:KRL) has re-commenced barging operations at its Mamahak Coking Coal Project in Indonesia; Elementos Limited (ASX:ELT) has discovered high-grade, polymetallic mineralisation in Argentina; BC Iron Limited (ASX:BCI) received final mining approvals for the Nullagine Iron Ore Joint Venture Project in Western Australia.
The Australian shares opened slightly higher this morning despite Wall Street and European markets posted losses overnight. The local market was supported as investors were hunting for bargains following a series of significant falls in recent sessions. Yesterday the Australian market closed at its nine- month low after the global markets fell on Germany's ban on naked short selling.
The Australian stock market has opened stronger led by financial shares, as Wall Street rebounded after investors reassessed the potential effects of the fraud case against Goldman Sachs. The benchmark S&P/ASX200 index and the broader All Ordinaries index both were up 0.5 per cent in early trade.
US stocks overnight closed at a new high for the year as the G20 finance ministers and central bankers pledged to keep stimulus measures until a recovery was certain. Dow jumped more than 200 points for the session, with 29 of the index's 30 components finished in the green.
The Dow index gave up last week's success and slipped back slightly over the weekend. US and European stock markets closed lower on Friday after the latest US corporate results disappointed high hopes and pushed Wall Street back down through the key 10,000 points level.
A group of junior miners in Pilbara region have formed an alliance to develop an independent iron ore export terminal at Australia's Port Hedland, while the big miners have dominated their own infrastructure projects.
Wall Street posted a fourth day on Friday rise as the US existing home sales data gave investors more confidence that it is the end of the recession. For the week The Dow Jones Industrial Average gained almost 2 per cent, while the Standard & Poor's 500 index added 2.2%.
The Australian shares were lower for a fourth consecutive day as traders continued to sell-off mining stocks. The benchmark S&P/ASX200 index was 0.3 per cent, or 12 points lower, to 3892.1, while the broader All Ordinaries index fell 0.4 per cent, or 16.8 points, at 3887.4.
