Iluka Resources Limited (ASX:ILU) is a major international mineral sands resource company. It is involved in the exploration, project development, operations and marketing of mineral sands products. The major part of Iluka's production base is in Australia, with mining and processing operations in ?Sierra Leone. The corporate office is located in Perth, Western Australia. Iluka has regional and marketing offices, as well as warehouse distribution points in a range of locations.
Broken Hill Prospecting Ltd (ASX:BPL) has refocused its corporate strategy towards becoming a significant Heavy Mineral Sands producer focusing on the world-class Murray Basin in western New South Wales.
Asian Activities Report for June 6, 2011 includes: Jervois Mining Limited (ASX:JRV) is to commence feasibility study on the Nyngan Scandium Project in New South Wales; Gascoyne Resources Limited (ASX:GCY) has intersected significant widths and grades of gold mineralisation at the Glenburgh Gold project in Western Australia; Middle Island Resources Limited (ASX:MDI) has secured rights to a significant, highly prospective land package for gold exploration in Liberia; Iluka Resources Limited (ASX:ILU) expects a price increase for its rutile products in the second half of 2011.
The Australian sharemarket closed slightly higher on Wednesday. Most of the early gains boosted by BHP Billiton's report of strong half-year production were offset by the losses after news that some Chinese banks have received verbal orders to stop lending for the rest of this month. At the close, the benchmark S&P/ASX200 index added 7 points, or 0.1 per cent, at 4868.2, while the broader All Ordinaries index gained 5.5 points, or 0.1 per cent, to 4895.1.
Wall Street broke its winning streak and closed lower overnight after a disappointing report showed US housing starts fell 10.6 per cent in October and permits fell 4.0 per cent. The tumble suggested that the real estate sector is still under pressure.
US stocks ended the day higher overnight after a sharp slump in the previous trading session. The rebound was helped by better-than-expected earnings from retailers such as Dow component Home Depot.
The Australian share market yesterday ended higher for a second day, following another rise on Wall Street. The benchmark S&P/ASX200 index gained 57.4 points, or 1.5 per cent, at 3924.5 points, while the broader All Ordinaries index was up 58.7 points, or 1.5 per cent, to 3917.5 points. Trading volumes were still light as the local market was awaiting more upbeat earnings reports from the US to solidify confidence.
Australian shares market yesterday was buoyed by the news Rio Tinto reached a better than expected iron ore price agreement with Japan's Nippon Steel. The benchmark S&P/ASX 200 index gained 50.5 points, or 1.4 per cent, at 3788.4, while the broader All Ordinaries index rose 46.3 points, or 1.2 per cent, to 3781.6.
Yesterday Australian shares closed lower on concern about the health of US banks. The benchmark the S&P/ASX200 index fell 0.6%, or 23.3 points, at 3867.1, while the broader All Ordinaries index was down 0.6%, or 22.1 points, at 3840.1.
Australian shares closed higher yesterday with rises in most sectors despite resources stocks dragged the market down. The benchmark S&P/ASX200 gained 0.6%, or 21 points, at 3756.6, while the All Ordinaries index was up 0.6%, or 22.4 points, at 3696.4. Banking stocks were stronger ahead of the Reserve Bank of Australia's interest rate decision.
Yesterday, the Australian market finished in positive territory as the Wall Street's good performance this month fueled investors' confidence over a gradual recovery in the US. The benchmark S&P/ASX200 ended the day up 37.3 points, or 1.03 per cent, at 3646.6, while the broader All Ordinaries gained 40.1 points, or 1.13 per cent, to 3586.3.
