Australian Market Report of March 1, 2011: Blackgold International Holdings (ASX:BGG) To Acquire Wushan Coal Mine In China
Tuesday, 01 March 2011 00:00
Sydney, Mar 1, 2011 (ABN Newswire) - Blackgold International Holdings Limited has entered into Heads of Agreement to acquire a 100% interest in Chongqing Yihua Mining Company Ltd, which is the owner of the WuShan Coal Mine in Chongqing, China for a consideration of RMB 80 million.
Uranex NL has identified a further 69 km of uranium anomalies within its 100% owned Mkuju Uranium Project in Southern Tanzania. Multiple mineralised intersections were reported at the Likuyu North Prospect with significant intersections including 10.5m at 1,124ppm U3O8 and 13m at 614ppm U3O8. Drilling is being planned in March at these additional prospects.
Source:
www.abnnewswire.net