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.
Carpentaria Exploration Limited (ASX:CAP) announced today more positive drilling results from the Hughenden Coal Project in Queensland's northern Galilee Basin, with the first three drill holes intersecting coal interpreted as from the Basin's Betts Creek Beds as per the ASX announcement dated 26 July 2010 by partner Guildford Coal (ASX:GUF).
Pike River Coal Limited (NZE:PRC) (PINK:PKRRF) welcomes the Government's new minerals initiatives and success in raising public awareness of the country's mineral wealth.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) confirms that it is continuing to operate its UCG demonstration plant at Chinchilla and is not affected by the Cougar Energy (ASX:CXY) shut down.
Carpentaria Exploration Limited (ASX:CAP) announced today the receipt of the final Stage 1 payment of A$2 million from Bonython Metals Group (BMG) as part of the A$81m Hawsons Iron Project joint venture near Broken Hill, NSW. The Company has now received A$13 million from BMG, comprising A$5 million in cash and the remainder funding exploration and pre-feasibility work aimed at defining up to 1 billion tones of Inferred Resource at EL 7208 (Burta).
On 13 July 2010, Carpentaria Exploration Limited (Carpentaria) signed a conditional non-binding and indicative letter with Australia Conglin International Investment Group Pty Ltd (Conglin) pursuant to which Conglin proposed to make a takeover bid to acquire all of the shares in Carpentaria not already owned or controlled by Conglin (Proposal).
Coal & Allied (ASX:CNA) said today that its share of total saleable production in the June quarter was 10 per cent higher than the prior quarter, and four per cent higher than the corresponding quarter in 2009.
