MTE metrocoal limited
Add to My Watchlist 0.00% ! 3.0¢

News: MetroCoal JV gets thumbs up

  1. FNN News
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    13/09/10
    11:49
    Post #: 7189545
    .

    MetroCoal Ltd (ASX:MTE) has been given the thumbs up from Chinese authorities to proceed with its $30 million joint venture with China Coal Import and Export Company.

    The project is located in Queensland's Surat Basin and will see China Coal acquire a 51 per cent stake in the Columboola coal project.

    MetroCoal advises the approval from The State Administration of Foreign Exchange is one of the last required.

    CEO Mike O'Brian says as soon as the funds are received, exploration will start.

    MetroCoal reported a profit of $1.19 million for the half year to 31 December 2009.
    MTE Price at posting: 37.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS New channel sampling confirms further copper at Graceland, Namibia
right-arrow Created with Sketch.
AII Why Almonty Industries is THE tungsten mining stock to watch
right-arrow Created with Sketch.
NEWS New targets and high-grade intercepts drive Bullabulling drill expansion
right-arrow Created with Sketch.
LM1 High-grade targets in focus as drilling begins at Evanston
right-arrow Created with Sketch.
NEWS Askari sells Burracoppin Gold Project to Forrestania Resources
right-arrow Created with Sketch.
NEWS Drilling to commence at FAU’s Gimlet high-grade gold project following approvals
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.