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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
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  • 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.

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