OGL Limited (ASX:OGL) was incorporated in the Isle of Man on 26 Jan 1987. It is a publicly-listed Company on the ASX as well as the CLOB (Central Limit Order Book) International, Singapore - stock code OGL. The Company was in the timber processing industry, which evolved into upstream forestry and agriculture-related developments. In 2012, the Company decided to change its principal operation to exploration, mining and trading of coal and other resources with a focus in Australia.
The Australian stocks Friday were cent higher in quiet trading. Investors remained cautious in the session, but Gold stocks jumped on higher gold prices. The benchmark S&P/ASX200 index was up 24.6 points, or 0.54 per cent, at 4551.9, while the broader All Ordinaries index rose 27.1 points, or 0.6 per cent, to 4574.1.
Overseas & General Limited (ASX:OGL) has entered into a Memorandum of Understanding (MOU) with Chinese entity Zhejiang Materials Industry Fuel Group as a preliminary step towards the determination of supply contract for OGL's Rahmat coal.
The Australian sharemarket ended slightly lower on Monday after a positive start driven by a resources sector buoyed by higher commodity prices. The pullback was led by major banks, and consumer staples. At close, the benchmark S&P/ASX200 index was down 6.4 points, or 0.14 per cent, to 4644.1, while the broader All Ordinaries gave up 6.1 points, or 0.13 per cent, at 4665.8.
