Cyclone Metals Ltd. CEO Paul Berend is back with Proactive after the company cut the ribbon on results from the first phase of metallurgical test-work at its Iron Bear Project in Canada. The team is celebrating after the program generated high-quality, high-yield iron ore concentrates -a crucial step in Cyclone's efforts to advance sustainable steel manufacturing through its flagship magnetite project. The pilot plant at [...]
Cape Lambert Resources is back on the hunt for investment and acquisition opportunities following the recently announced settlement with the Australian Tax Office. Executive chairman Tony Sage said this has been a "huge overhang" for the Company over the past two and a half years and the company will now move forward to "what it does best"; acquire and invest in under-valued mining assets. "The Company will be looking to [...]
Cape Lambert Resources Ltd. (ASX: CFE) (Cape Lambert or the Company) is pleased to advise that Metallurgical Corporation of China Limited (MCC) has now transferred the disputed sum of A$80 million into an escrow account held with the National Australia Bank (NAB), as directed by the arbitrator. As previously announced, in September 2010 the Company commenced legal action in the Supreme Court of Western Australia (Court [...]
The Australian market retreated yesterday, giving up most of the gains from previous trading session, while China signaled that the government there would not be a significant rise in the Chinese yuan in a short run. At the close, The benchmark S&P/ASX200 index ended 54.3 points, or 1.2 per cent lower, to 4558.3, while the broader All Ordinaries index was down 51.4 points, or 1.1 per cent, at 4581.3.
