Cape Lambert Resources Limited (ASX:CFE) (Cape Lambert) is an Australian domiciled, fully funded, mineral development company. Cape Lambert has interests in several exploration and mining companies, providing exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver-zinc assets in Australia, Europe, Africa and South America.
The Australian stock market may rise slightly after oil continued to slide, and transport and consumer related stocks may firm on the back of further fall in oil prices.
The Australian share market continued its losing streak yesterday, falling almost 1% after the financial sector fell on concerns about ANZ Bank's increased debt provisions. The biggest five banks have lost A$29.1 billion in market cap in two days, according to Bloomberg data. Australia's biggest banks may probably continue to suffer in the global economic gloom, while the bad news came amid another horror day for banking stocks.
Yesterday, the Australian share market was 3.5 per cent higher to post its biggest single-day rise in almost four months as bargain hunters snapped up banks, property trusts and miners.
Cape Lambert Iron Ore Ltd (ASX: CFE) - Independent Geologist confirms Resource Requirement - Mr Tony Sage, Executive Director; Cape Lambert Iron Ore Ltd (ASX: CFE) present the following audio webcast regarding "Independent Geologist confirms Resource Requirement".
Cape Lambert Iron Ore Limited (ASX: CFE) is pleased to announce a proposed restructure of its mineral exploration and production assets through the formation of a 100% owned subsidiary, International Goldfields Limited (IGL), which will hold the companies Mt Ida, Evanston and other non-core gold assets. The Sacu gold/copper in Romania will be retained by CFE.
