Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce the appointment of four senior independent Non-executive Directors to significantly enhance the capability and independence of the Company's Board.
Commonwealth Bank of Australia
Commonwealth Bank of Australia (ASX:CBA) (OTCMKTS:CBAUY) is a provider of financial services, including retail, business and institutional banking, funds management, superannuation, life insurance, general insurance, broking services and finance company activities. The Company's segments include Retail Banking Services, which provides home loan, consumer finance and retail deposit products; Business and Private Banking, which provides banking services to relationship managed business and agribusiness customers; Institutional Banking and Markets, which services its corporate, institutional and government clients; Wealth Management segment, which includes global asset management, platform administration, and life and general insurance businesses; New Zealand, which includes the banking, funds management and insurance businesses operating in New Zealand; Bankwest, which offers a range of deposit products, and IFS and Other Divisions, which includes the Asian retail and business banking operations.
The resources sector took another hit with Prime Minister, Julia Gillard announcing her intention of introducing a carbon tax in 2012. Hot on the heels of the 2010 "Super" Mining Tax that created a chain reaction throughout the industry resulting in the closest federal election outcome in Australian history.
Murchison Metals Limited (ASX:MMX) Appoints Wayne Zekulich As Chief Financial Officer Of Oakajee Port And Rail
Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Wayne Zekulich has been appointed Chief Financial Officer of Oakajee Port & Rail (OPR), developer of port and rail infrastructure for the mining industry in Western Australia's mid-west. OPR is jointly owned by Murchison and Mitsubishi Development Pty Ltd.
Brickworks Limited (ASX:BKW) Announces Two New Key Finance Facilities For Building Leases and Plant Construction
Brickworks Limited (ASX:BKW) today announces two key financing facilities that will further strengthen its balance sheet and financial position.
Australian Market Report of May 12, 2010: Infigen Energy (ASX:IFN) Shortlisted for Solar Flagships Program
Australian shares opened stronger this morning on bargain hunting, despite Wall Street overnight fell on worries over the effectiveness of the bailout plan for eurozone and fears over China's further move to tighten monetary policy. Yesterday China's data showing that inflation in the country is rising prompted declines in most Asian markets.
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.
Texon Petroleum Limited (ASX:TXN) Sixth Leighton Oil And Gas Well Successful, Initial Production In 10-14 Days
Texon Petroleum Limited (ASX:TXN) advises that Tyler Ranch #5 ("TR#5") has reached its total depth of 2,743 metres (9,000 feet). It is now planned to run production casing in the well after which the well will be fracture stimulated (in the next 10-14 days) and then the well will be connected for oil and gas production.
Texon Petroleum Limited (ASX:TXN) 2009 year end proved and probable reserves are respectively 1.9 mmboe and 1.1 mmboe - a total of 3.0 mmboe as to the Company's current working interests. From mid year 2009, this is an increase of 40% and from year end 2008, the increase is 200%.
Australian shares gave up early gains after disappointing trade numbers from China raised concerns that Chinese economy is cooling. The market closed slightly higher as earnings reports from market heavyweights BHP Billiton and Commonwealth Bank helped the rise. At the close, the benchmark S&P/ASX200 index was 8.3 points higher, or 0.2 per cent, at 4513.4. The broader All Ordinaries index rose 12.3 points, or 0.3 per cent, to 4533.
The Australian share market Thursday broke its losing streak. The market was boosted by US President Barack Obama's first State of the Union address to Congress. Mr. Obama said jobs must be the number one priority in 2010 and offered proposals for financial reform, education, health care reform, government spending, national security and more. At the close, the benchmark S&P/ASX 200 index rose 28.7 points, or 0.62 per cent, to 4673.3, while the broader All Ordinaries lifted 0.59 per cent to 4697.7.