Pluton Resources Limited (ASX:PLV) Completes A$13.3m Placement
Pluton Resources Limited (ASX:PLV) announced today that it has successfully completed a placement of 23,407,482 shares to raise gross proceeds of A$13.3m.
Companies in the News
Iron Ore
Atlas Iron Limited (ASX:AGO) Hits 6Mtpa Export Rate 2 Months Ahead Of Schedule
Atlas Iron Limited (ASX:AGO) is pleased to announce it has achieved an annualised export rate of over 6Mtpa in October 2010, 2 months earlier than planned. Atlas is now preparing to grow its annualised export rate to 12Mtpa by December 2012.
Queensland Mining Corporation Limited (ASX:QMN) White Range Project Global Resource Increases
Queensland Mining Corporation Limited (ASX:QMN) is pleased to announce a further increase in the White Range Project global resource position.
Australian Market Report of October 29, 2010: Red Hill Iron (ASX:RHI) Resource Estimates Increase To 472 Million Tonnes
Australian Market Report of October 29, 2010 includes: Red Hill Iron Limited (ASX:RHI) resource estimates at Red Hill Iron Ore Joint Venture increase to 472 Million Tonnes; Alchemy Resources Limited (ASX:ALY) has started a 15,000m gold and copper drilling program in Western Australia; Coventry Resources Limited (ASX:CVY) intersected shallow high-grade mineralisation at Cameron Gold Project; Mineral Resources Limited (ASX:MIN) dispatched its first shipment of iron ore through Utah Point to China.
Shougang Group (SHE:000959) Promotes Technology Application For Group Development
Shougang Group (SHE:000959) has signed a contract in Beijing with China Academy of Railway Sciences relating to the "Bridge Bearing and Remote Monitoring System Manufacturing Technology" project. Shougang is now actively promoting the application of new technology following the restructuring of its iron and steel division. It will now focus more on the development of high-end metallic materials, advanced equipments and vehicle parts, production services and innovation.
Environment Ministry Approves Compania Minera del Pacifico SA (CMP) US$169 Million Los Colorados Expansion
Chile's environment ministry (MMA) has approved a US$169mn expansion project to increase pre-concentrated iron ore output from local firm CMP's Los Colorados mine in region III, the company said in a filing sent to securities regulator SVS.
Australian Market Report of October 27, 2010: Syngas Limited (ASX:SYS) Signed Memorandum of Understanding With China National Electric Equipment Corporation For Clinton Coal to Liquid Project
Australian Market Report of October 5, 2010 includes: Syngas Limited (ASX:SYS) has signed a Memorandum of Understanding with China National Electric Equipment Corporation in relation the Clinton Coal to Liquid Project in South Australia; Kimberley Metals Limited (ASX:KBL) reports high grade silver and lead drilling results from Sorby Hills Silver-Lead Project in Western Australia; Southern Cross Goldfields Limited (ASX:SXG) intersects near-surface haematite and magnetite mineralisation in Western Australia; Palace Resources Limited (ASX:PXR) is to acquire a 75% stake in three highly prospective Indonesian coal projects.
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