View in Other Languages Reporte de las Finanzas en Asia, 18 de mayo de 2011: Australia Minerals and Mining Group (ASX:AKA) anuncia alianza por Mineral de Hierro en Constance Range, Queensland Asian Activities Report for May 18, 2011: Australia Minerals And Mining Group (ASX:AKA) Announce Constance Range Iron Ore Alliance In Queensland アジア市場活動レポート 2011年5月18日: Australia Minerals And Mining Group (ASX:AKA) がクイーンズランド州での Constance Range 鉄鉱石提携を発表 2011年5月18日亚洲活动报告:澳大利亚矿产与矿业有限集团(ASX:AKA)宣布结成昆士兰Constance Range铁矿石联盟 2011年5月18日亞洲活動報告:澳大利亞礦產與礦業有限集團(ASX:AKA)宣布結成昆士蘭Constance Range鐵礦石聯盟 
Asian Activities Report for May 18, 2011: Australia Minerals And Mining Group (ASX:AKA) Announce Constance Range Iron Ore Alliance In Queensland
Asian Activities Report for May 18, 2011: Australia Minerals And Mining Group (ASX:AKA) Announce Constance Range Iron Ore Alliance In Queensland

Sydney, May 18, 2011 AEST (ABN Newswire) - The Australian sharemarket opened flat in early trade. The S&P/ASX200 index was up 0.1% to 4688.2, while the All Ordinaries index inched up 0.1% to 4756.6. In other parts of our region, Nikkei 225 jumped 0.85% to 9,648.48 in early session. Hang Seng Index rose slightly, up 0.15% to 22935.94, while Shanghai Composite fell 0.25% to 2845.51.

Companies

Australia Minerals and Mining Group Limited (googlechartASX:AKA) today announced the Constance Range Iron Ore Alliance with Viento Group Limited (googlechartASX:VIE), Icon Resources Limited (googlechartASX:III) and Resolve Geo Pty Limited for the development of 92 kilometres of prospective iron ore formation in Queensland. The Alliance will allow Australia Minerals and Mining Group to confidently approach potential overseas markets, particularly China.

Uranex NL (googlechartASX:UNX) announced substantial high grade uranium intersections at the Mkuju Uranium Project in Tanzania. Substantial thickness and grade of uranium were returned and the known mineralisation is extended to the south. The Company will mobilise additional rigs to accelerate the drilling program.

MEO Australia Limited (googlechartASX:MEO) has completed Heron gas discovery farm-out agreement with Eni Australia Limited, whereby Eni will be the Operator and earn 50% interest by funding the drilling of two wells. Following successful appraisal of the gas discovery, the two parties will evaluate all potential commercialisation paths for the resources.

Zambezi Resources Limited (googlechartASX:ZRL) has commenced a A$3.5 million diamond drilling programme at its Kangaluwi Copper Project in Zambia. The campaign is designed to convert the resources at Chisawa Prospect into the Measured Resource category. Four diamond holes have been finished to-date, each encountering significant copper intersections.

Contact

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