Financial News from ABN Newswire

  • Kogi Iron Limited (ASX:KFE) to Present at Steel Development Conference in Shanghai ABN Newswire - Thu, Apr 17, 2014 12:02 PM AEST

    Perth, Australia, April 17, 2014 - (ABN Newswire) - Australian based iron ore development company, Kogi Iron Limited (ASX:KFE) ("Kogi", "Kogi Iron", or the "Company") and ...

  • Yamana Gold Inc. (TOR:YRI) and Agnico Eagle (TOR:OSK) Announce a Friendly Acquisition Agreement With … ABN Newswire - Thu, Apr 17, 2014 9:07 AM AEST

    Toronto, Canada, April 17, 2014 - (ABN Newswire) - Yamana Gold Inc. (TOR:YRI.TO - News) (NYSE:AUY - News) ("Yamana"), Agnico Eagle Mines Limited (NYSE:AEM - News)(TOR:AEM.TO - News) ("Agnico Eagle") and Osisko Mining Corporation (TOR:OSK.TO - News)(FRANKFURT:EWX.F - News) ("Osisko") are pleased to announce that they have entered into an agreement ("the Agreement") pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osisko's issued and outstanding common shares for a total consideration of approximately C$3.9 billion or C$8.15 per share. The total offer consists of approximately C$1.0 billion in cash, approximately C$2.33 billion in Yamana and Agnico Eagle shares, and shares of a new company ("Spinco") with an implied value of approximately C$575 million.

  • WestSide Corporation Limited (ASX:WCL) Letter to Shareholders - Update on Landbridge approach & GSA ABN Newswire - Wed, Apr 16, 2014 10:56 AM AEST

    Perth, Australia, April 16, 2014 - (ABN Newswire) - Attached is a copy of a letter being sent to WestSide Corporation Limited (ASX:WCL.AX - News) (OTCMKTS:WBRIF - News) shareholders in connection with the approach by Chinese company Landbridge Group Co., Ltd announced on 10 March 2014 and WestSide's subsequent execution of a gas sales agreement with GLNG announced on 27 March 2014. I am writing to provide you with an update on the conditional notice of intention to make a conditional off-market takeover bid ("Conditional Proposal") which was received from Chinese company Landbridge Group Co., Ltd ("Landbridge") on 10 March 2014. The Board determined that the Conditional Proposal's price of $0.36 per share was manifestly inadequate and that the conditionality meant that there was significant risk as to whether an actual offer capable of acceptance would ever be received. Consequently, the Board decided to proceed with the gas sales agreement ("GSA") with GLNG, which is a substantially superior alternative for the Company and its shareholders.

  • Atrum Coal NL (ASX:ATU) Recommences Drilling at 1.57Bt Groundhog Project ABN Newswire - Wed, Apr 16, 2014 8:48 AM AEST

    Perth, Australia, April 16, 2014 - (ABN Newswire) - Atrum Coal NL (ASX:ATU.AX - News) (OTCMKTS:ATRCF - News) has commenced a four-week drilling program at its flagship Groundhog Anthracite Project that will target infill drilling of the bulk sample location area prior to trial mining in H2 2014 Managing Director, Dr Eric Lilford commented: "We have a busy few months ahead of us at Groundhog as we look to achieve first 'coal on ship' before the end of the year. We have a world-class project at Groundhog and look forward to delivering on this truly once-in-a-lifetime opportunity"

  • 99 Wuxian Ltd (ASX:NNW) CEO Amalisia Zhang Discusses China's Digital Landscape ABN Newswire - Tue, Apr 15, 2014 3:13 PM AEST

    Sydney, Australia, April 15, 2014 - (ABN Newswire) - 99 Wuxian Ltd (ASX:NNW) CEO Amalisia Zhang discusses her company's growth strategy and China's Digital landscape with Rishaad Salamat on Bloomberg Television's ...

  • 99 Wuxian Ltd (ASX:NNW) (99WUXIAN) Expands Reach Through Innovative Multi-Platform Partnerships ABN Newswire - Tue, Apr 15, 2014 9:41 AM AEST

    Sydney, Australia, April 15, 2014 - (ABN Newswire) - Leading Chinese m-commerce company, 99 Wuxian Ltd (ASX:NNW.AX - News) (99wuxian) is pleased to announce a range of new initiatives designed to advance the company's focus on enhancing user engagement and increasing both the value and volume of transactions. Industrial Bank has been consistently listed as one of the world's top 50 banks and has offered a comprehensive mobile banking service since 2006.

  • Donaco International Limited (ASX:DNA) Approval of Amended Investment Certificate ABN Newswire - Tue, Apr 15, 2014 9:08 AM AEST

    Sydney, Australia, April 15, 2014 - (ABN Newswire) - Donaco International Limited (ASX:DNA) (the Company) announces that it has received approval from the relevant Government bodies in Vietnam for its ...

  • Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) Encouraging Gas Flow Recorded at Mt Kitty Exploration … ABN Newswire - Tue, Apr 15, 2014 9:08 AM AEST

    Brisbane, Australia, April 15, 2014 - (ABN Newswire) - Central Petroleum Limited (ASX:CTP.AX - News) (OTCMKTS:CPTLF - News) (Central or Company) has been advised that its Mt Kitty 1 exploration well flowed gas in testing. The preliminary findings were notified by Santos (ASX:STO.AX - News), the Operator of Amadeus Basin permit EP 125, that the exploration well Mt Kitty 1 reached its programmed total depth of 2,295m in metasedimentary basement. Central Managing Director, Richard Cottee, said the prime objective of the Mt Kitty 1 well was to confirm there is a hydrocarbon charge in the Southern Amadeus Basin which could be the catalyst to interconnect the Northern Territory with the eastern seaboard gas market.

  • Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) Board Changes with Appointment of Dr Peter Moore ABN Newswire - Tue, Apr 15, 2014 8:33 AM AEST

    Brisbane, Australia, April 14, 2014 - (ABN Newswire) - As explained at last year's Annual General Meeting, Central Petroleum Limited (ASX:CTP.AX - News)(OTCMKTS:CPTLF - News) ("Company" or "Central") had been actively planning its transition from Explorer to Explorer & Producer. That includes ensuring that the Board has the right diversity of skillsets and sufficient independent directors (as defined by the ASX' Corporate Governance Principles and Recommendations) to guide the Company's next stage of development. In view of this guideline, and having successfully served on the Board for more than 9 years, Mr Bill Dunmore has decided not to seek re-election at this year's AGM. At Central's request the consultancy in which Bill Dunmore has an ownership interest will continue to provide valuable reservoir engineering services under existing arrangements until the Company has acquired the requisite internal resources.

  • Liquefied Natural Gas Limited (ASX:LNG) Magnolia LNG Project Technical Services Agreement Signed with … ABN Newswire - Mon, Apr 14, 2014 8:47 AM AEST

    Brisbane, Australia, April 14, 2014 - (ABN Newswire) - Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLF) (the Company) is pleased to advise that Magnolia LNG, LCC (MLNG), its 100% owned subsidiary, ...

  • West African Resources Limited (ASX:WAF) (VAN:WAF) Significant Increase and Upgrade to the Mankarga 5 … ABN Newswire - Mon, Apr 14, 2014 8:47 AM AEST

    Perth, Australia, April 14, 2014 - (ABN Newswire) - West African Resources Limited (ASX:WAF.AX - News) (VAN:WAF.V - News) is pleased to report an updated independent resource estimate following recent drilling at the Mankarga 5 Deposit located on the Tanlouka Permit, part of its Boulsa Project, in Burkina Faso. Managing Director Richard Hyde commented on the resource update: "We're very pleased that the resource upgrade has resulted in significant increases in contained ounces and grade in oxide, transitional and sulphide mineralisation. Indicated and Inferred Resources in this resource update have increased by 12% and 74% respectively. "Importantly 77% of the oxide and transitional mineralisation is now classified as Indicated Resources, adding significant confidence to our near-term heap leach production strategy."

  • Tiger Resources Limited (ASX:TGS) Strikes Alliance with MCK Trucks ABN Newswire - Mon, Apr 14, 2014 8:22 AM AEST

    Perth, Australia, April 14, 2014 - (ABN Newswire) - Tiger Resources Limited (ASX:TGS) ("Tiger") is pleased to welcome MCK Trucks sprl ("MCK") as a shareholder of the Company. MCK has ...

  • Coalspur Mines Limited (ASX:CPL) (TOR:CPT) Appoints Sedgman as EPC Contractor ABN Newswire - Mon, Apr 14, 2014 8:22 AM AEST

    Vancouver, Canada, April 14, 2014 - (ABN Newswire) - Coalspur Mines Limited ("Coalspur" or "Company") (ASX:CPL) (TOR:CPT) announces that its preferred supplier of engineering, procurement ...

  • TTG Fintech Ltd (ASX:TUP) Announces Negotiation of Joint Venture with Kuang Chi & IPP, a Leading Light … ABN Newswire - Fri, Apr 11, 2014 4:25 PM AEST

    Sydney, Australia, April 11, 2014 - (ABN Newswire) - TTG Fintech Limited (ASX:TUP) ("TTG") announces it is negotiating a joint venture with Kuang Chi Innovative Technology Limited ("Guang ...

  • Baobab Resources (LSE:BAO) Confirms Product Quality from CSIRO Pryometallurgical Testwork ABN Newswire - Fri, Apr 11, 2014 3:59 PM AEST

    London, United Kingdom, April 11, 2014 - (ABN Newswire) - Baobab Resources (LSE:BAO) Confirms Product Quality following the successful pyrometallurgical test work campaign completed during the Pre-Feasibility ...

  • WestSide Corporation Limited (ASX:WCL) Open Briefing - MD Mike Hughes on GLNG Gas Sales Agreement ABN Newswire - Fri, Apr 11, 2014 2:52 PM AEST

    You have released a number of field development assumptions in your presentation on the GLNG GSA. What are the factors underpinning the well productivity assumptions you have released? Some months ago the company asked RISC, a well known technical consultancy, to review all the field development assumptions relating to the Meridian field. RISC endorsed the assumptions saying that the project assumptions were reasonable, robust and capable of delivery.

  • Echo Entertainment Group Ltd (ASX:EGP) Confirmation of Appointment of Managing Director and CEO ABN Newswire - Fri, Apr 11, 2014 10:44 AM AEST

    Sydney, Australia, April 11, 2014 - (ABN Newswire) - Further to the ASX announcement made on 5 February 2014, Echo Entertainment Group Ltd (ASX:EGP) (OTCMKTS:EHGRF) is pleased to announce that all necessary ...

  • Dacian Gold Limited (ASX:DCN) Quarterly Activities Report and Appendix 5B ABN Newswire - Fri, Apr 11, 2014 9:19 AM AEST

    Perth, Australia, April 11, 2014 - (ABN Newswire) - Dacian Gold Limited (ASX:DCN) provide the Quarterly Activities Report to the period ending March 31, 2014. Four new, previously unreported, high grade ...

  • Padbury Mining Limited (ASX:PDY) AU$6 Billion Oakajee Funding Secured for Deep Water Port at Geraldt … ABN Newswire - Fri, Apr 11, 2014 8:56 AM AEST

    Perth, Australia, April 11, 2014 - (ABN Newswire) - Padbury Mining (ASX:PDY.AX - News) is pleased to announce that it has secured the funding necessary to construct a $6 billion deep water port and associated rail network at Oakajee. - Padbury will retain 36% equity in Midwest Infrastructure - Success of Australia - Korea Free Trade Agreement opens door for increased trade and investment opportunities Securing funding means that the Midwest can exploit its mineral assets.

  • Fertoz Limited (ASX:FTZ) Increases Wapiti East Phosphate Zone by 12km to 39km ABN Newswire - Fri, Apr 11, 2014 8:32 AM AEST

    Brisbane, Australia, April 11, 2014 - (ABN Newswire) - Phosphate explorer and developer Fertoz Limited (ASX:FTZ.AX - News) ("Fertoz" or the "Company") has increased its phosphate tenement holding at its flagship Wapiti East Project in British Columbia, Canada. - Increase prompted by high availability results for phosphate as a direct application organic fertiliser Managing Director Les Szonyi said, "The laboratory results show Wapiti has very high available phosphate when compared to similar organic fertilizers, and now we have farmers seeking out our product to test it on their farms. The positive response to Wapiti phosphate has prompted us to extend our land holding to the south-east where the geology is similar, increasing the expected size of the phosphate resource.

  • China CleanTech Index 1Q14 Quarterly Performance Report April 2014 ABN Newswire - Wed, Apr 9, 2014 1:43 PM AEST

    Sydney, Australia, April 9, 2014 - (ABN Newswire) - The China CleanTech Index provides the definitive measure of the performance of Chinese cleantech companies that are listed on stock exchanges around ...

  • Central Petroleum Limited (ASX:CTP) Latest Company Presentation ABN Newswire - Wed, Apr 9, 2014 12:21 PM AEST

    Brisbane, Australia, April 9, 2014 - (ABN Newswire) - Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) present the company's latest Company Presentation including recent achievements, and immediate ...

  • Orocobre Limited (ASX:ORE) (TOR:ORL) Company Presentation - Australia ABN Newswire - Wed, Apr 9, 2014 12:02 PM AEST

    Brisbane, Australia, April 9, 2014 - (ABN Newswire) - Orocobre Limited (ASX:ORE) (TOR:ORL) provide the latest Company Presentation regarding the Flagship Olaroz lithium project under construction in Argentina. ...

  • Sovereign Gold Company Limited (ASX:SOC) Corporate Restructure ABN Newswire - Wed, Apr 9, 2014 10:25 AM AEST

    Sydney, Australia, April 9, 2014 - (ABN Newswire) - Sovereign Gold Company Limited (ASX:SOC) (Sovereign Gold) and Precious Metal Resources Limited (ASX:PMR) (PMR) have reached agreement on a proposed corporate ...

  • Orocobre Limited (ASX:ORE) (TOR:ORL) Olaroz Lithium Project Construction Update ABN Newswire - Wed, Apr 9, 2014 8:09 AM AEST

    Brisbane, Australia, April 9, 2014 - (ABN Newswire) - Orocobre Limited (ASX:ORE.AX - News) (TOR:ORL.TO - News) ("Orocobre" or "the Company") is pleased to advise progress on construction of the flagship Olaroz Lithium Project. A total of approximately US$194m has been spent or committed via executed contracts in the construction project to date. Lithium carbonate plant is the main outstanding work area to be completed. - Construction projected to be completed on budget with the first commercial production of lithium carbonate projected to be the end of August 2014.

  • Freelancer Limited (ASX:FLN) Presents at UBS Emerging Companies Conference - The Other 60% of the World's … ABN Newswire - Tue, Apr 8, 2014 3:12 PM AEST

    Sydney, Australia, April 8, 2014 - (ABN Newswire) - Freelancer Limited (ASX:FLN) Freelancer Presents at UBS Emerging Companies Conference. Providing key company metrics and growth potential in new markets, ...

  • Avalon Rare Metals (TOR:AVL) Comments on World Trade Organization Ruling on China - Rare Earths Disp … ABN Newswire - Tue, Apr 8, 2014 12:49 PM AEST

    Toronto, Canada, April 8, 2014 - (ABN Newswire) - On March 26, 2014, a panel established by the World Trade Organization ("WTO") ruled against China on the China - Measures Related to the Exportation of Rare Earths, Tungsten and Molybdenum dispute, referred to simply as "China - Rare Earths". Avalon Rare Metals' (TOR:AVL.TO - News) (OTCMKTS:AVARF) Vice-President, Sales and Marketing, Pierre Neatby, also Chairman of the Management Committee for the Rare Earth Trade Association ("RETA"), commented that "it is unlikely that the WTO ruling will have any impact on the rare earth market in the short and medium term.

  • Estrella Resources (ASX:ESR) First Assays from Diamond Drilling Program at Dania Identify Near Surface … ABN Newswire - Tue, Apr 8, 2014 12:33 PM AEST

    Sydney, Australia, April 8, 2014 - (ABN Newswire) - Estrella Resources Limited (ASX:ESR) (Estrella or Company) is pleased to report the assay results from its first diamond drill hole DHD-01 at Dania (see ...

  • Liquefied Natural Gas Limited (ASX:LNG) Appointment of Key Executives for the Magnolia LNG Project ABN Newswire - Tue, Apr 8, 2014 12:05 PM AEST

    Perth, Australia, April 8, 2014 - (ABN Newswire) - Liquefied Natural Gas Limited (ASX:LNG.AX - News) (OTCMKTS:LNGLY) is pleased to announce the appointment of John G. Baguley as Chief Operating Officer and Rick R. Cape as Chief Commercial Officer for the Company's wholly owned subsidiary Magnolia LNG, LLC (MLNG), which is based in Houston, USA. Both executives will report directly to the President of MLNG, Maurice Brand. John G. Baguley has over 30 years' experience with the global engineering, procurement and construction (EPC) company, KBR, Inc., including the last 13 years as a Project Director in the delivery of front end engineering design and EPC services for major liquefied natural gas (LNG) plants and projects in Indonesia, Australia, Canada, China, Taiwan and Malaysia. In addition to his project roles, John has also supported KBR in a corporate role as Vice President, LNG Development and is currently Vice President, Project Management in KBR's Gas Monetization Business Unit.

  • Liquefied Natural Gas Limited (ASX:LNG) Edison Investment Research Coverage ABN Newswire - Tue, Apr 8, 2014 11:50 AM AEST

    Perth, Australia, April 8, 2014 - (ABN Newswire) - Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) is pleased to advise that Edison Investment Research (Edison) has initiated research coverage ...

  • ADX Energy Limited (ASX:ADX) Notice of Annual General Meeting and Proxy Form 08 05 2014 ABN Newswire - Mon, Apr 7, 2014 11:43 AM AEST

    Sydney, Australia, April 4, 2014 - (ABN Newswire) - Notice is given that the Annual General Meeting of ADX Energy Ltd (ASX:ADX) (OTCMKTS:ADXRF) will be held in the Sutherland Room at City West Reception ...

  • Gold Miner, McEwen Mining (TOR:MUX) (NYSE:MUX) Video Presentation by President Ian Ball ABN Newswire - Mon, Apr 7, 2014 10:38 AM AEST

    Toronto, Canada, April 7, 2014 - (ABN Newswire) - At December 31, 2013, McEwen Mining (TOR:MUX) (NYSE:MUX) had cash and liquid assets of $25.6 million, comprised of cash totaling $24.3 million and gold ...

  • Thomson Resources Limited (ASX:TMZ) Acquires Advanced Zinc-Lead-Copper-Gold-Silver VMS Project ABN Newswire - Fri, Apr 4, 2014 5:24 PM AEDT

    Sydney, Australia, April 4, 2014 - (ABN Newswire) - Thomson Resources Limited (ASX:TMZ) has entered into a Sale and Purchase Agreement with Newmont Exploration Pty Ltd (Newmont) for Thomson to acquire ...

  • Sovereign Gold Company Limited (ASX:SOC) Mount Adrah Prospectus Lodged ABN Newswire - Fri, Apr 4, 2014 5:11 PM AEDT

    Sydney, Australia, April 4, 2014 - (ABN Newswire) - Sovereign Gold Company Limited (ASX:SOC) (Sovereign Gold) advises that the Prospectus for the Initial Public Offering of shares in Mount Adrah Gold Limited ...

  • Xero Limited (ASX/NZE:XRO) Finishes Year Up 83% to NZ$70m ABN Newswire - Fri, Apr 4, 2014 2:47 PM AEDT

    Melbourne, Australia, April 4, 2014 - (ABN Newswire) - Xero Limited (NZE:XRO) (ASX:XRO) announces operating revenue of NZ$70.1m for the year ended 31 March 2014, up 83% up from last year's NZ$38.4m result. ...