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Additional information
Additional Information
Market: ASX
Sector: Coal
Epic: .JAL
News: Latest news
Web Site: Jameson Resources
Other Articles: 24-11-200916-10-200901-10-2009

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Monday March 15, 10:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Jameson Resources

Jameson Resources

Jameson Resources has entered into an option agreement to acquire the Basin Thermal Coal Mine (“Basin”) located in British Columbia, Canada. Basin has a large resource base of 124 million tonnes of raw coal with significant exploration upside. The Company is in the final stages of a feasibility study to recommission the existing mine at an expanded production rate between 500,000 and 700,000 tonnes per annum.  Feasibility will be completed in the March quarter of 2010 and pending a decision to mine, production could commence by late 2010. Preliminary estimates support a cash operating margin of approximately $US20 per tonne based on 2010 futures contract pricing of thermal coal.

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Thursday, October 01, 2009

Jameson Resources divests non core gold assets at Ora Banda

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Near term coal producer Jameson Resources (ASX: JAL) is divesting non core gold assets, agreeing to sell its Ora Banda gold assets in Western Australia to Winchester Resources Limited. Winchester is an Australian public company which intends to raise $2.0 million via an Initial Public Offering on the ASX.

As consideration, Jameson will receive 10,000 and the issue to Jameson 750,000 fully paid ordinary shares in Winchester upon listing.

The agreement with Winchester is conditional upon Winchester listing on the ASX within six months.

The divestment will enable Jameson to focus upon the recommissioning of the Basin thermal coal mine in British Columbia.

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