04/02/11 - Xanadu JV with Noble Group. "The alliance, while focusing on coking coal, iron ore and ferroalloys, will also allow Xanadu to continue to advance its existing Galshar and Khar Tarvaga thermal coal projects and its copper gold assets in the south east Gobi," Xanadu's chairman Brian Thornton said in the statement.
15/06/11 - Xanadu Acquries New Coking Coal Exploration (Nuurstei. Mr Brian Thornton Xanadu chairman said “Nuurstei demonstrates the determination by the alliance to become the principal mid-tier coking coal group operating in Mongolia, now commonly referred to as an emerging energy and metals powerhouse.”
30/06/11 - Xanadu Mines Shares soar on thick coal intersection in northern Mongolia. Xanadu Mines has caught investors’ attention today with the initial drill hole at the Nuurstei Coking Coal Project intersecting 42 metres of coal from 70 metres
20/09/11 - Russians join battle for coal assets. A representative from Russian steel giant Severstal was chatting to a number of Mongolian coal explorers at the Discover Mongolia mining forum in Ulan Bator recently, including Australian-listed Xanadu Mines and Aspire Mining.
14/10/11 - Xanadu Mines poised to appoint banks for coal sale. AFR - Australian-listed Xanadu Mines is looking to appoint bankers to sell its thermal coal assets in Mongolia, which could fetch more than $US100 million.
???? Nov 2011 - Xanadu sells thermal asset to Russian giant Severstal for $100USD+ to focus on coking coal, gold & copper project
XAM Price at posting:
44.0¢ Sentiment: ST Buy Disclosure: Held
