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Friday, November 21, 2008

Linc Energy CEO sets record straight at Chinchilla

Linc Energy said in a statement today , "press reporting that Linc Energy has decided to ‘pull out of Queensland’ is factually incorrect and has seemingly ignored statements in Linc Energy’s announcement on Wednesday November 19."

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  • Thursday, November 20, 2008

    Local shares hammered again

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    Another poor lead from Wall Street, falling commodity prices, a disregard for the RBA Chairman’s speech and falling Asian markets, contributed to mining and industrial shares being sold off again.

     

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  • Thursday, November 20, 2008

    Gindalbie Chairman optimistic on China Iron Ore Demand at AGM

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    Anshan Iron & Steel Group Corporation (“AnSteel”), has recently agreed to fund Gindalbie’s share of the equity contribution in the Karara Iron Ore Project.  AnSteel will subscribe for a $A162.6 million share placement in Gindalbie to be undertaken at an issue price of A$0.85 per share. 

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  • Wednesday, November 19, 2008

    Aussie shares recover from low point, still down

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    The market fell again today despite a late rally on Wall Street overnight and the lifting of a ban on short-selling.

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  • Wednesday, November 19, 2008

    Brandrill trading near three year lows and profitable

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    Brandrill recorded strong earnings and margin growth in 2007/08 as core drill and blast business revenues grew by 12%. Revenue in the civil drill and blast contracting sector more than doubled. Revenues in the hard rock drill and blast and coal drilling sectors were higher and coal drilling margins improved significantly.

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