Australian Economy

Australian Market Report of December 29, 2010: Kangaroo Resources (ASX:KRL) Announce A$277M Acquisition of Indonesian Thermal Coal Project

🕔12/29/2010 1:30:00 PM

Australian Market Report of December 29, 2010 includes: Kangaroo Resources Limited (ASX:KRL) announce A$277 Million acquisition of Indonesian Thermal Coal Project; Dai-ichi (TYO:8750) is to acquire TOWER Australia Group (ASX:TAL) for future development in the Australian Insurance Market; Uran Limited (ASX:URA) has entered into an option to earn interest in near-production Manganese projects in Zambia; Imperial Corporation Limited (ASX:IMP) announced US$60.25 million acquisition of US oil assets.

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Australian Market Report of December 24, 2010: Drake Resources (ASX:DRK) Raised A$2.18 Million to Accelerate Drilling Programmes in Sweden and Mauritania

🕔12/24/2010 1:30:00 PM

Australian Market Report of December 24, 2010 includes: Drake Resources (ASX:DRK) today announced a placement of A$2.18 million; Discovery Metals Limited (ASX:DML) announced high grade results at the infill drilling; Planet Metals (ASX:PMQ) has signed a farm-in agreement with Drummond Gold Limited (ASX:DGO); Mako Energy Limited (ASX:MKE) successfully closed a placement of A$4.5M.

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Australian Market Report of December 23, 2010: Coalworks (ASX:CWK) Formed Vickery South Coking/Thermal Coal Joint Venture with ITOCHU (TYO:8001)

🕔12/23/2010 1:30:00 PM

Australian Market Report of December 23, 2010 includes: Coalworks Limited (ASX:CWK) has signed a joint venture agreement with ITOCHU Corporation (TYO:8001); Icon Energy Limited (ASX:ICN) secures AUD$5.9m funding from Chinese investors; Seek Limited (ASX:SEK) signed an agreement to acquire a majority shareholding in Jobs DB Inc.; White Energy Company Limited (ASX:WEC) has exercised an option to acquire Cascade Coal Pty Limited.

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Australian Market Report of December 22, 2010: Metminco (ASX:MNC) Commence Copper/Molybdenum Drilling in Peru

🕔12/22/2010 1:30:00 PM

Australian Market Report of December 22, 2010 includes: Metminco Limited (ASX:MNC) commences 50,000 metre diamond drilling program at Los Calatos copper/molybdenum project in southern Peru; Ausgold Limited (ASX:AUC) announced further significant assay results from the Boddington South Gold Project; Synergy Metals Limited (ASX:SML) has signed a non-legally binding Memorandum of Understanding with Northwest Nonferrous International Investment Company Limited; Forte Energy NL (ASX:FTE) announced further Rare Earth Element assay results in Guinea.

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Australian Market Report of December 21, 2010: Metals X (ASX:MLX) Commence Copper and Silver Production at the Renison Tin Project in Tasmania

🕔12/21/2010 1:30:00 PM

Australian Market Report of December 21, 2010 includes: Metals X Limited (ASX:MLX) has commenced copper and silver production at the Renison Tin Project in Tasmania; Regis Resources Limited (ASX:RRL) announced maiden gold reserve of 1.34 million ounces; MediVac Limited (ASX:MDV) signed a Memorandum of Understanding for export order of 25-30 MetaMizers to Sri Lanka; Integra Mining Limited (ASX:IGR) announced copper-gold mineralisation discovered in Western Australia.

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Australian Market Report of December 20, 2010: IMX Resources (ASX:IXR) Sailed First Shipment of Iron-Copper Ore to China

🕔12/20/2010 1:30:00 PM

Australian Market Report of December 20, 2010 includes: IMX Resources Limited (ASX:IXR) has sailed its first shipment of iron-copper ore to China; Phylogica Limited (ASX:PYC) signed collaboration and licensing deal with Pfizer (NYSE:PFE); Copper Strike Limited (ASX:CSE) received strong copper/silver/cobalt results at Walford Creek in Northwest Queensland; South American Ferro Metals Limited (ASX:SFZ) iron ore production in Brazil exceeds 400,000 tonnes.

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Australian Market Report of December 17, 2010: Carabella Resources (ASX:CLR) Confirmed Coking Coal Resources at Grosvenor West

🕔12/17/2010 1:30:00 PM

Australian Market Report of December 17, 2010 includes: Carabella Resources Limited (ASX:CLR) confirmed coking coal resources at Grosvenor West in Queensland; Archer Exploration Limited (ASX:AXE) reported peak assays of 0.47% rare earth elements at Ketchowla manganese deposits; Energy Metals Limited (ASX:EME) has completed resource estimate for its 100% owned Lake Mason project in Western Australia; IMX Resources Limited (ASX:IXR) announced analytical results from the initial 6 RC drill holes completed at Snaefell iron ore prospect in South Australia.

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