Sihayo Gold Limited (ASX:SIH) is very pleased to announce the appointment of Mr Danny Nolan as Chief Financial Officer ("CFO") of the Company and also CFO of PT Sorikmas Mining, the 75% owned subsidiary of the Company.
Australian Market Report of September 10, includes; Diploma Group LLC (ASX:DGX) signs a contract for AED$60 million to construct a new government office building in the United Arab Emirates, Breakaway Resources Limited (ASX:BRW) completes four diamond drill hole as part of a joint venture with BHP Billiton (ASX:BHP), Cockatoo Coal Limited (ASX:COK) has entered into an Exclusivity Agreement with Mitsui & Co. Ltd (TYO:8031) (NASDAQ:MITSY)and Lend Lease (ASX:LLC) has entered into an Implementation Agreement with Sekisui House Australia Holdings Pty Ltd, a subsidiary of Sekisui House Limited (TYO:1928).
Australian market this morning opened in red led by consumer staples, which lost 2 per cent. Both materials sector and metals and mining sector dropped 1.1 per cent in early trade. The benchmark S&P/ASX200 Index was down 0.67 per cent, while the broader All Ordinaries Index fell 0.59 per cent.
Egyptian Resorts Company (CAI:EGTS), Egypt's leading master developer of mega communities, announced today its consolidated results for the second quarter of 2010, reporting a net profit of EGP 2.98 million on revenues of EGP 2.85 million. Profits were supported by EGP 14.36 million in foreign exchange gains and interest income.
The Australian stock market opened lower this morning, after global markets suffered a heavy loss and all key market indices dropped significantly.
The Australian shares dropped this morning after Wall Street ended its four straight day rises. US shares fell on news that orders for big-ticket items sank in June on weaker demand for airplanes and electronic goods.
The Australian stocks market on Tuesday extended gains as Dow Jones index hit a two-month high due to strong US new home sales and corporate earnings.
Shortly after the opening bell, the S&P/ASX200 Index rose 0.74 per cent, and the broader All Ordinaries Index was up 0.7 per cent.
