Kalahari Minerals Plc

Baobab Resources plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique. The Company announced on 15 November 2010 the signing of a Joint Venture (the 'Joint Venture') with North River Resources plc (LON:NRRP) in relation to North River's Muande project (the 'Project') in the Tete province of Mozambique. The Muande project comprises two exploration licences covering an area of 338km2 located approximately 25km northwest of the provincial capital of Tete and contiguous with Baobab's Tete project.

Baobab Resources plc (LON:BAO) is an iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique. The Company announced on 15 November 2010 the signing of a Joint Venture with North River Resources plc (LON:NRRP) in relation to North River's Monte Muande magnetite/phosphorus, base and precious metal project (the 'Project') in the Tete province of Mozambique.

Baobab Resources plc (LON:BAO) presents an update on the Monte Muande magnetite/phosphorus, base and precious metal project in the Tete province of Mozambique, a joint venture project with North River Resources plc (LON:NRRP).

Wall Street Thursday closed with little change after the market trimmed its early gains. US stocks rose for most of the session, but in the afternoon the market declined as falls in crude oil future hit the energy shares. Higher metal price could help the Asian markets Friday to offset some negative sentiment that cut gains on Wall Street. Asian bourses ended mixed Thursday while fiscal concerns in euro zone persist. Hong Kong and Shanghai markets lost more than 1 per cent each. However, Japan's Nikkei 225 Average added 0.1 per cent, South Korea's Kospi rose 0.4% and Taiwan's Taiex finished 0.2% higher.

On Wednesday, the Australian sharemarket closed lower despite a positive start led by rally on Wall Street overnight. The benchmark S&P/ASX200 index was down 23.6 points, or 0.67 per cent, at 3,499.63 while the broader All Ordinaries index shed 29.9 points, or 0.85 per cent, to 3,483.23. The market has lost half its value, or A$804 billion in just over one year. Analysts say that the overall trend may not change without catalyst for the market to go up while the overseas will pull the Australia market lower each time it seems to hit the bottom.