Australian Market Report of October 18, 2010: Marengo Mining (ASX:MGO) Signs Memorandum Of Understanding With China NFC (SHE:000758) For Copper-Molybdenum-Gold Project In Papua New Guinea
Australian Market Report of October 18, 2010 includes: Marengo Mining (ASX:MGO) signed MOU with China NFC (SHE:000758) for copper-molybdenum-gold project In Papua New Guinea; Tap Oil Limited (ASX:TAP) commenced drilling at Manora-4 appraisal well in Thailand; Encounter Resources Limited (ASX:ENR) reported highest grade copper intersection to date in Western Australia; Petratherm Limited (ASX:PTR) is advancing its 8 MW Madrid Geothermal District Heating project in Spain.