SRI LANKA - Impressive graphite results for MRL

MRL Corporation is encouraged after measuring greater than 85% total graphitic carbon (TCG) results from unprocessed, remnant graphite stockpiles at its Sri Lankan graphite projects.

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PHILIPPINES - New Red Mountain shareholder

Red Mountain Mining has received a notice of initial substantial shareholding from E Pishas & Sons P/L, which holds 64 million shares or about 9.28% in the company. On April 3 the company acquired 30 million shares for an unspecified cash amount, which added to the 34 million shares it had previously acquired for a total of $551,544.35.

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CORRECTION – ECR signs drilling contract

As manager of the Itogon Gold-Silver Project in the Philippines, it was ECR Minerals plc that has entered into an agreement for the provision of drilling services with Quest Exploration Drilling (Philippines) (QED), not Tiger International Resources as stated in last week’s The ASIA Miner news service.

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COPPER - MMG acquires Las Bambas

Chinese-owned and Melbourne-based miner MMG Ltd is completing the $US5.85 billion purchase of Glencore Xstrata’s Las Bambas copper mine in Peru.

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