Elray Start to Expose Gold and Copper Ore Body on Porphyry Creek Project

Elray Resources Inc., announce that it has commenced an aggressive program to expose a major ore body to a length totaling 60 meters at a depth of 10 meters on its 100% owned 9,000 hectare Porphyry Creek Project in Cambodia. “Our independent geologists have high expectations that this activity will confirm the presence of a viable copper porphyry system with solid copper and gold mineralization... 

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PHI Mining Signs Joint Venture Agreement to Exploit Black Pearl Granite in Thailand

PHI Mining Group, Inc., a company focused on mining opportunities in Southeast Asia, through its wholly owned subsidiary Indochina Mining Corporation (IMC), has signed a partnership agreement with Mr. Chinnawat Chaikijjanuwat of Bangkok to form a joint venture company, IMC Thailand Joint Venture Co., in order to exploit and process black pearl granite in Wang Mee Commune, Wang Nam Kiew District, Nakhon-Ratchasima... 

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Acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd. Closed Today in Accordance With Plan of Arrangement

Pan African Mining Corp. announce the closing today of the Plan of Arrangement and related transactions contemplated by the Arrangement Agreement dated May 9, 2008, as amended June 17, 2008, among Asia Thai Mining Co., Ltd., 0819615 B.C. Ltd., the Company and African Queen Mines Ltd., a newly formed subsidiary of the Company. A Final Order approving the Plan of Arrangement was obtained from the Supreme... 

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Indonesia denies reports of possible coal export quotas

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,... 

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Most Asian Markets Rally as Nikkei Hits 10-Month High and India, Australia Reach Records

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high. Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 index climbed 27.61 points, or 0.16 percent, to wrap up the... 

Thailand Plans To Raise Gas, Coal Usage At New Pwr Plants

BANGKOK – Thailand plans to increase the usage of natural gas and coal to fuel new power plants, a senior official at state-owned Electricity Generating Authority of Thailand said Thursday. In 2010, Thailand’s usage of natural gas for power generation is expected to rise to 2,661 million standard cubic feet a day from 2,094 mmscf/d, EGAT Deputy Governor for Fuel Payap Pongpirodom said,... 

SE Asia Stocks-Manila snaps 6-day gains; mining shares weigh

Philippine stocks posted their largest one-day drop in two weeks on Friday, snapping six straight trading days of gains, as gold miners such as Lepanto Consolidated Mining Co. fell on weak gold prices. The Philippines ended down 1.13 percent, Indonesian stocks lost 0.52 percent, and Thai stocks were off 0.41 percent by 0513 GMT. Markets elsewhere rose. Singapore’s key Straits Times Index rose... 

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