Anglo American plc (LON:AAL) (OTCMKTS:NGLOY) is a mining and natural resource company. With its subsidiaries, joint ventures and associates, it is a global player in platinum group metals and diamonds, with interests in coal, base and ferrous metals, as well as an industrial minerals business. The Company is geographically diverse with operations in Africa, Europe, South and North America, Australia and Asia.
Your Directors present their report on the Consolidated Entity (referred to hereafter as the Group) consisting of WestSide Corporation Limited (ASX:WCL) Half Yearly Accounts and the entities it controlled at the end of, or during, the half-year ended 31 December 2009.
WestSide Corporation Limited (ASX:WCL) is pleased to provide the Quarterly Activities Report for the period ended 31 December 2009.
WestSide Corporation Limited (ASX:WCL) today announced that it has entered a conditional agreement to acquire Anglo American's ("Anglo") stake in the Dawson Seamgas coal seam gas ("CSG") assets, and potentially, Mitsui Moura Investment Pty Ltd's ("Mitsui") interest in those assets.
Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce that a study update has been released by Crosslands Resources Limited (Crosslands). The update underlines Murchison's growing confidence in Jack Hills' potential as a large scale, multidecade project yielding substantial cash flows and economic value.
There has been some froth in commodity prices driven by sentiment rather than fundamentals, mining group Xstrata's (LON:XTA) chief executive Mick Davis has warned.
Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) As at 31 March 2009 the Company was debt free and had cash and liquid investments of A$143 million, a decrease of A$18 million from the previous quarter. Included in this cash outflow are amounts paid to Crosslands and OPR of A$17 million to finance feasibility studies and exploration costs. Interest earned on investments for the quarter amounted to A$1.9 million.
Yesterday Australian shares plunged sharply, dragged by financial stocks as investors feared the UK banks might need to raise more funds. The unfavorable corporate earnings results also weighed down the market. The benchmark S&P/ASX200 was down 1.5%, or 52.6 points, to 3464.3, while the broader All Ordinaries index lost 1.4%, or 49.1 points, to 3412.2.
The Australian share market fell yesterday. The benchmark S&P/ASX200 index was down 87.4 points, or 1.75%, to 4980.1, while the broader All Ordinaries gave up 84.4 points, or 1.67%, to 5041.9. The resource stocks dropped again, with the commodity prices down.
