CAMBODIA - Visit to concessions

One of Vietnam’s richest men has led a delegation of investors to visit iron ore concessions in Cambodia.
Vietnamese firm Hoang Anh Gia Lai Group (HAGL) brought a delegation of 50 investors to visit its operations in Cambodia, including representatives from Singapore’s state-owned investment arm Temasek Holdings, Manulife Fund and Sacombank.1

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CAMBODIA – Indochine to list on ASX

Several European, Asian and Australian institutional investors have invested in Indochine Mining's initial public offer (IPO), seeking exposure to Cambodian gold and copper resources.
Indochine aims to raise up to $25 million from its IPO to list on the ASX this month and will use these funds to advance exploration on a number of prospects.

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CHINA - Increase in Song Jiagou resources

An updated resource estimate for Majestic Gold's Song Jiagou shows a 24% increase in indicated contained gold ounces.
Wardrop Engineering revised their previous estimate as a result of the revision to the contract mining costs which allowed cut-off grades to be reduced from 0.40 to 0.30 grams/tonne and warranted a revision of the block model.1

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CHINA - Jinchuan secures Continental

Continental Minerals has signed an agreement to be acquired by Jinchuan Group for aggregate cash consideration of about Can$432 million.
The acquisition price of $2.60 per share represents a 13% premium to the closing trading price of Continental's common shares on September 14, 2010, the last trading day before the announcement.1

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