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.
Iron Road Limited (ASX:IRD) is pleased to advise that the Stage IV exploratory drilling programme at the Central Eyre Iron Project (CEIP) continues to progress to plan. Iron Road's corporate objectives include increasing the mineral resource estimate across the Central Eyre Iron Project to 500Mt in 2010.
Aurox Resources Limited (ASX:AXO) today released to its shareholders the Scheme Booklet explaining the full details of its proposed merger with Atlas Iron Limited (ASX:AGO) by way of scheme of arrangement. The Independent Expert commissioned by Aurox has concluded that the Scheme is fair and reasonable, and in the best interests of Aurox shareholders.
Atlas Iron Limited (ASX:AGO) is pleased to announce additional exploration success at the recently discovered Hercules deposit, adjacent to existing mining operations at the Wodgina project, 100 kilometres south of Port Hedland in the Pilbara of Western Australia.
Atlas Iron Limited (ASX:AGO) is pleased to report a maiden Inferred resource on the Wishbone deposit at the Warrawanda Project (100% AGO), located 50 kilometres southeast of Newman.
A boost in resources stocks on Friday helped to break the eight-day losing streak in Australian stocks market. The local market finished marginally higher at the close, despite the proposed new minerals resources rent tax sparked a strong gain in early trade. This is largely due to Investors' refocuse on global economy issues.
Atlas Iron Limited (ASX:AGO) welcomes the Australian Competition Tribunal's decision to declare BHP Billiton's (ASX:BHP) (PINK:BHPLF) Goldsworthy railway in the Pilbara region of Western Australia, saying the move helped pave the way for opportunities for substantial increases in Atlas' iron ore production.
