Asian Activities Report for September 15, 2011: Largest Iron Ore Producer in India to Become Cornerstone Investor in Legacy Iron Ore Limited (ASX:LCY)
Asian Activities Report for September 15, 2011 includes: Legacy Iron Ore Limited (ASX:LCY) has received a formal binding offer from the Indian government owned National Mineral Development Corporation Limited ("NMDC") for NMDC to become a cornerstone investor in Legacy via a placement agreement; Orpheus Energy Limited (ASX:OEG) has received a preliminary pit design for its B26 coking and thermal coal project in Indonesia; Argentina Mining Limited (ASX:AVK) has identified a potential sulphide mineralised system at its flagship Cerro Blanco Porphyry Copper Project in Argentina; Red Mountain Mining (ASX:RMX) has intersected significant gold mineralisation during its initial underground drilling program at the Zhongqu project in Gansu Province, China; Reliance Capital Limited (BOM:500111) has received a regulatory approval for its proposed 26% stake sale in Reliance Life Insurance to Nippon Life Insurance.