Yanzhou Coal Mining Company Limited
The 2nd World Clean Coal Week, China Focus 2011 (WCCW 2011) and 2nd Unconventional Gas Asia Summit were held successfully December 6-8, 2011 at the Regent in Beijing, China.
Yanzhou Coal Mining (HKG:1171) (SHA:600188) (NYSE:YZC), one of China's biggest coal producer, has signed a proposal with Australia-based Gloucester Coal Ltd., with an aim to merge Gloucester Coal with Yanzhou Coal's wholly-owned Australian subsidiary Yancoal Australia.
Further to the announcements to the ASX on 28 May and 26 July 2010, D'Aguilar Gold Limited (ASX:DGR) are pleased to provide an update on activities of its subsidiary Armour Energy formed to focus on gas opportunities in northern Australia.
Bauxite Resources Limited (ASX:BAU) And Yankuang Corporation To Sign Agreement For Future Modern Alumina Refinery
Australian resources company Bauxite Resources Limited (ASX:BAU) (PINK:BXRDF) is pleased to announce that it will enter into a further Heads of Agreement with its long term Chinese partner, Yankuang Corporation, to complete a bankable feasibility study for the design and construction of a modern refinery in the southwest of Western Australia to refine Darling Range bauxite into alumina. The further Heads of Agreement requires shareholder and regulatory approval.
The Australian sharemarket closed marginally lower in light trading yesterday as banks were down on concerns that bad debts could increase after interest rate rise. The benchmark S&P/ASX 200 index gave up 5.9 points, or 0.13 per cent, at 4670.60, while the broader All Ordinaries lost 0.19 per cent to 4686.40 points.
Dow index hit a fresh 2009 high on Friday after the earnings season kicked off. Upbeat forecasts on IT giants IBM and Intel fueled the market's growing expectations over a profit recovery. S&P's 500 and Nasdaq both gained more than 4.5 per cent for the week.
Overnight the US stocks slid over disappointing data in regional economy, as well as worries on the crucial data ahead including personal income, consumer spending, weekly jobless claims, manufacturing and home sales.
Felix Resources Ltd. (ASX:FLX) said Wednesday it plans to demerge South Australian Coal Ltd (SAC), which owns the Lake Phillipson deposit with a thermal coal resource of about 515 million metric tons, from Felix through an in specie distribution of shares in SAC.
Wall Street closed in negative territory on Friday despite a survey showed that US consumer sentiment rose to its strongest level in three months. But the Dow still surged 164 points, or 1.74 per cent, with four days rally in the week.
Wall Street finished higher in choppy trade as the upbeat economic data in Europe offset the news of disappointing retail sales in US. Wal-Mart's second-quarter earnings, above analyst's expectations, also helped to lift the market.
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