Australian bauxite explorer, Australian Bauxite Limited (ABx) (ASX:ABX), has been granted its first mining lease, ML1961 at its Bald Hill Project in Northern Tasmania. Bald Hill is located 60 kms southwest of Launceston.
Maersk Oil, a wholly owned subsidiary of Copenhagen's AP Moller-Maersk AS, has decided to write off US$1.7 billion of investments in the Wahoo and Itaipu oil fields, while divesting its ownership in the Polvo field.
Hudson Resources Limited has accepted Sovereign Gold Company Limited's (ASX:SOC) (Sovereign Gold) offer for its Mount Adrah shares and options bringing Sovereign Gold's interest in Mount Adrah Gold Limited (Mount Adrah) to 95.9%.
Sovereign Gold Co Ltd (Sovereign Gold) (ASX:SOC) advises that Hudson Resources Limited (ASX:HRS) (Hudson) has acquired a 17.2% holding in Mount Adrah Gold Limited (Mount Adrah), a subsidiary of Sovereign Gold.
Bauxite Resources (ASX:BAU) Video Q&A with Peter Canterbury CEO who explained that the company recently undertook a review to determine where best to allocate shareholder funds and have decided to pay a 4 cents per share capital return.
Bauxite Resources Limited (ASX:BAU) (OTCMKTS:BXRDF) is pleased to announce a resource update for the Fortuna bauxite deposit in the Darling Range, Western Australia. Bauxite Resources Limited retains 100% beneficial interest to the bauxite.
Bauxite Resources Limited (ASX:BAU) (OTCMKTS:BXRDF) is pleased to announce that the BRL Board is proposing a capital return of A$0.04 per share, subject to shareholder approval.
