Cobalt Blue Holdings Limited (ASX:COB) (OTCMKTS:CBBHF) and CuDeco Limited (ASX:CDU) announce that they have entered into a Memorandum of Understanding, an important stepping stone to determine if the cobalt-pyrite at the Rocklands project can produce cobalt products and create additional revenue for both companies.
Altona Mining Limited (ASX:AOH) is pleased to announce it has concluded a binding Framework Agreement with Sichuan Railway Investment Group. The parties have agreed to establish an incorporated joint venture holding Altona's Cloncurry Project located in north-west Queensland, with SRIG to contribute cash of US$214.46 million and have a 60% interest in the joint venture.
Asian Activities Report for July 7, 2011 includes: CuDeco Limited (ASX:CDU) said today that FIRB has approved Oceanwide International Resources Investment Co. Limited to increase its shareholding in CuDeco to 19.9%; Aston Resources Limited (ASX:AZT) announced the completion of its definitive feasibility study for the Maules Creek coal project; GBM Resources Limited (ASX:GBZ) has identified previously undiscovered Rare Earth Element and Yttrium mineralisation at the Milo Prospect in northwest Queensland; Aguia Resources Limited (ASX:AGR) has signed an Option Agreement to acquire 100% of two potentially large-scale phosphate projects in southeast Brazil.
Dynasty Metals Australia Limited (ASX:DMA) refers to its announcement to ASX on 9 March 2011 (9 March Announcement) which included a director statement from Messrs Ian Levy, Malcolm Carson and Graham Anderson also dated 9 March 2011 (Director Statement).
Dynasty Metals Australia Limited (ASX:DMA) releases following circular to shareholders.
CuDeco Limited (ASX:CDU) has signed a contract with Sinosteel Equipment and Engineering Co. Ltd for the basic engineering design for the Rocklands Group copper project in Queensland, Australia.
Australian shares were stronger in early trade Thursday as resources sector were boosted by expectations of a batch of positive economic data from China. The benchmark ASX200 index rose to above 5000-point territory for the first time in 19 months, following the recent rebound of the broader All Ordinaries share index. Asian markets broadly were higher today with Japan's Nikkei opened up 0.9 per cent.
Australian copper explorer CuDeco Ltd (ASX:CDU) said it has entered into a Memorandum of Understanding (MOU) with a mining and construction subsidiary of China state-owned Sinosteel Group.