Chinese look outward for investment

CHINA remains the single largest contributor to global economic growth and its influence is growing by way of increasing overseas investment. Indicative of this is the fact that in 2016 China’s outward foreign direct investment (OFDI) surpassed inward FDI for the first time in recent history.

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New Talisman now owns 100% of Rahu

BY acquiring Newcrest Mining subsidiary, Newcrest New Zealand Exploration, New Talisman Gold Mines has secured the remaining 80% of the Rahu Gold Project that it did not already own. New Talisman is now evaluating options to fast-track the North Island exploration project having acquired all geological and site targeting data and logging.

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Bathurst boosts domestic coal supply

BATHURST Resources has secured a 30-month supply contract for coal from its mines on the North Island. The contract for supply of up to 250,000 tonnes annually progresses the company’s strategy to supply domestic coal in New Zealand to displace imported coal.

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Deep drilling shows further Malmyzh potential

DEEP drill testing at IG Copper’s Malmyzh Copper-Gold Porphyry Project emphasizes exploration upside with results including 417.3 metres averaging 0.60% copper equivalent. The program has focused on Freedom Northwest prospect, which is not in the current Malmyzh resource estimate.

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