Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • ASF Group Settles Acquisition Of Queensland Coal Assets 0 comments
    Dec 19, 2013 11:44 PM

    ASF Group (ASX: AFA) has strengthened its mineral resources portfolio with the settling the acquisition of a 68.205% equity interest in Civil & Mining Resources (CMR) for $1,079,270.50.

    CMR has four Exploration Permits for Coal and 22 applications for EPCs in Queensland covering about 14,182 square kilometres throughout all major coal-bearing basins in Queensland.

    These are situated in close proximity to operating mines, infrastructure and proven economic coal resources and offer potentially immediate to longer-term development timeframes for hard coking, PCI and thermal coal.

    "ASF is very pleased to reach settlement on this strategic acquisition, which consolidates and strengthens our mineral resource portfolio," chairman Min Yang said.

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.