Australian Zircon NL

0.027

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Australian Zircon NL is an Australia-based company. The Company is engaged in mineral sands exploration and mining business. As of June 30, 2012, the Company retained a 35% interest in Murray Zircon Pty Ltd, which owns and operates the Mindarie mineral sands mine and holds exploration tenements in South Australia and Victoria. As of June 30, 2012, the Company continued to progress the bankable feasibility study pertaining to the WIM 150 mineral sands project in western Victoria. WIM150 Mineral Sands Deposit is located in the Wimmera region of western Victoria, approximately 20 kilometers southeast of Horsham. As of June 30, 2012, the mineral resource is estimated to be 727 metric tons at 3.9% heavy mineral in the WIM150 Mineral Sands Deposit. In April 2012, the Company completed the sale of its Pine Valley tenements.

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Global Supply Deficit Tarnishes Copper Sector M&A Activity

MAY 26, 2011

Korea’s LG International is ponying up US$176 million for a 20 percent stake in Augusta Resource’s (AMEX: AZC ) Rosemont copper and molybdenum project. The group is also going to buy 30 percent of the copper concentrate and 20 percent of the copper cathode and molybdenum produced for the mine. This month, Japan’s Sumitomo Corp. and Sumitomo Metal Mining Co. jointly bought a 45 percent stake in Quadra FNX Mining’s (TSE: QUX ) Sierra Gorda copper in Chile for US$1.2 billion. (Quadra FNX is itself the result of the largest copper merger in 2010 between Quadra Mining and FNX Mining.) And Singapore’s Tamsek signed a US$510 million deal with Inmet, which will go to developing Inmet’s gold and copper project in Panama (which was the center of attacks from Equinox during the Lundin-Inmet merger talks that eventually fell apart).

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