The Australian shares Monday delivered a weak opening but closed higher for a third consecutive day. Gold stocks led the gains in a quiet session. The benchmark S&P/ASX200 index was up 13.6 points, or 0.31 per cent, at 4,409.9 points, while the broader All Ordinaries index gained 15 points, or 0.34 per cent, to 4,429.5 points.
Exco Resources Limited (ASX:EXS) (PINK:EXRSF) is pleased to provide a Quarterly Activities Report for the period ended 31 December 2009.
Dubai yesterday said it had received US$10 billion in financing from Abu Dhabi to pay part of the debt held by Dubai World and its property unit Nakheel. The news prompted the Australian market into positive territory in late trade. At the close, the benchmark S&P/ASX200 index rose 0.4 per cent, at 4654, after earlier falling as low as 4608.3. The broader-based All Ordinaries index climbed 16.8 points, or 0.4 per cent, to 4668.2.
Emerging lithium producer, Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), today announced the signing of a Strategic Lithium Alliance Agreement (Alliance) with General Mining Corporation Limited (GMM) for the exploration of lithium in Mongolia and Kazakhstan.
Exco Resources Limited (ASX:EXS) Executes A Placement Of A$10.1 Million To Advance Queensland Copper Projects
Exco Resources Limited (ASX:EXS)(PINK:EXRSF) is pleased to announce that is has executed a placement agreement to raise A$10.1m (before expenses) through the issue of approximately 41.3 million shares at 24.5 cents each.
Excellence in Mining & Exploration, Sydney's largest resource sector conference concluded Tuesday night with the National Mining Awards Gala Dinner in the Ballroom of the Sheraton on the Park Hotel, Sydney.
Exco Resources Limited (ASX:EXS)(PINK:EXRSF) is pleased to provide to shareholders the June 2009 Quarterly Report which provides a summary of the progress made by your company during the quarter.
Exco Resources Limited (ASX:EXS) Issues A Placement Of A$7.2 Million To Fund Its White Dam Gold Project
Exco Resources Limited (ASX:EXS)(PINK:EXRSF) is pleased to announce that is has executed a placement agreement to raise A$7.2m (before expenses) through the issue of approximately 30.6 million shares at 23.5 cents each. The primary purpose of the placement is to fund Exco's share of development costs for the White Dam Gold Project.
Asian markets opened broadly lower on Tuesday. Hong Kong's Hang Seng Index slumped with a massive 4.4 per cent fall in early trading, while Tokyo stocks were also under pressure, weighed by the tumble on Wall Street and stronger Yen.
Yesterday the Australian stock market closed nearly 1% higher with gains in banking and resource sectors. The benchmark S&P/ASX200 index ended up 32.4 points, or 0.9%, at 3687 and the broader All Ordinaries index was up 30.4 points, or 0.9%, at 3624.3. Earlier, the market had sunk into negative territory. Today's focus will be the official unemployment figures for December 2008 which are expected to rise on the deepened credit crisis.