Pacifico Minerals Limited (ASX:PMY) is pleased to announce that Argonaut Securities has released an updated research note on the Company.
Anglogold Ashanti Limited
AngloGold Ashanti (NYSE:AU) CEO Mark Cutifani presented the Sydney mining community with some challenging perspectives. From industry and community, through leadership and politics, Mr Cutifani laid out a roadmap for the Australian resource industry to engage in a plan to steer the sector out of the perceived "Resource Curse".
Presenting at the Sydney Mining Club in Sydney in July, Mark Cutifani CEO of African based global mining company, AngloGold Ashanti (NYSE:AU), stood before a capacity crowd over lunch and expanded on the company's achievements and plans. This 7 minute video includes the presentation made to the Mining Club.
Australian Market Report of March 9, 2011: Hunnu Coal (ASX:HUN) Form Strategic Partnership With Banpu PCL (BAK:BANPU)
Australian Market Report of March 9, 2011 includes: Hunnu Coal Limited (ASX:HUN) has signed a Strategic Shareholder Agreement and Memorandum of Understanding to form a strategic partnership with Banpu Public Company Limited (BAK:BANPU); Dragon Mining Limited (ASX:DRA) announced that the gold resource inventory for its Nordic gold projects now exceeds 1 million ounces; Eagle Eye Metals Limited (ASX:EYE) has entered into a Memorandum of Understanding to acquire gold projects in Africa; Thor Mining PLC (ASX:THR) has commenced a maiden drilling program at the Dundas Gold Project in Western Australia.
Australian share dropped sharply this morning, while most Asian markets also opened lower as Greece's debt woes lingered. Thursday Japan's Nikkei shed more than 1.7 per cent in early trade, and Australia's S&P/ASX200 declined 1.1 per cent. Yesterday Asian markets were stronger as technology stocks were encouraged by solid earnings from Apple and higher commodities prices pushed up resources shares. Japan's Nikkei and South Korea's Kospi climbed 1.7 per cent each, China's Shanghai Composite climbed 1.8 per cent.
AngloGold Ashanti Ltd. (ASX:AGG) (NYSE:AU) said on Wednesday that it has secured a US$1 billion, four-year unsecured revolving credit facility (RCF) for a syndicate of 16 banks.
US stocks closed slightly higher on a strong sign of recovery in US housing sector. The Commerce Department said on Monday that sales of new homes rose by 11% in June. Earning news dominated the market in recent trading sessions with most of the reports beating the expectation.
In the midst of the global financial crisis, the US mining industry and the energy resource sector continues to outperform the market and remains as an investment hotspot for many institutional investors from Asia.
The Australian share market yesterday closed around 3% higher. The benchmark S&P/ASX200 index was up 101.3 points, or 3.03 per cent, at 3444, while the broader All Ordinaries index lifted 92 points, or 2.79 per cent, to 3392.3. With the positive lead of Wall St. the market is expected to continue its upward movement today.
Two gold companies involved in the development of the Tropicana project north of Kalgoorlie in Western Australia have tied for the honour of the gold sector's top explorer in 2006.