Armada Metals Limited is pleased to announce that it has engaged Canaccord Genuity Group Inc, and PAC Partners to act as joint lead managers for the Company's initial public offering (IPO), to raise up to A$10 million through the issue of new shares.
Ivanhoe Mines Ltd.
Clean TeQ Holdings Limited (ASX:CLQ) is pleased to announce it has acquired the Syerston Project in central New South Wales from a wholly owned subsidiary of Ivanhoe Mines Ltd (TSX:IVN).
Aspire Mining Limited (ASX:AKM) Announces Financing And Strategic Partnership With Southgobi Resources (TSE:SGQ)
Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) is pleased to announce it has entered into a binding agreement with SouthGobi Resources Limited (TSE:SGQ) (HKG:1878), a leading Mongolian coal producer, that encompasses a A$20.1 million placement and strategic partnership.
Geo-Exploration & Mineral Development Bureau Of Ning Xia, China Visits Dynasty Metals Australia Limited (ASX:DMA) For Uranium And Base Metal Projects
Dynasty Metals Australia Limited (ASX:DMA) advises that top-level representatives of Geo-Exploration & Mineral Development Bureau of Ning Xia, a State owned Chinese exploration company, are conducting a series of negotiations in Perth this week regarding Dynasty's uranium and base metal projects.
The Australian shares Monday delivered a weak opening but closed higher for a third consecutive day. Gold stocks led the gains in a quiet session. The benchmark S&P/ASX200 index was up 13.6 points, or 0.31 per cent, at 4,409.9 points, while the broader All Ordinaries index gained 15 points, or 0.34 per cent, to 4,429.5 points.
The Australian market Wednesday ended the last trading session of the 2010 financial year in a negative territory. The market clawed back some ground from the sharp loss in early trade. At the close, the benchmark S&P/ASX200 index fell 44.2 points, or 1.02 per cent, at 4,301.5 points, while the broader All Ordinaries index was down 45.8 points, or 1.05 per cent, at 4,324.8.
Aspermont UK (ASX:ASP), the publisher of Mining Journal and organiser of the Mines and Money brand of global events, is delighted to be bringing the Mines and Money event to Beijing for the first time on June 8 - 9.
US stocks fell on Friday led by financial sector as JPMorgan Chase reported heavy fourth-quarter losses on mortgage and credit card loans. Shares in Intel also declined despite it reported a biggest gross profit margin in its history, as investors grew fearful that the stock may be near its peak. For the week, Dow index fell 8.54 points, or 0.08%.
US stocks closed mixed overnight as investors took profit ahead of the wave of corporate earnings offset the news of an acquisition in technology sector. Dow index ended slightly lower while the tech-heavy Nasdaq composite was up on Cisco's deal to purchase Starent Networks.
Overnight Wall Street extended its gains on Reserve Bank of Australia's unexpected decision to raise the official interest rate. Investors saw the first rate hike in advanced economies since the global financial crisis as a key indication of recovery. The move also pushed commodities higher with gold soaring to a record.