Just reiterating your comments Evision now that they have surfaced in a few sites in USA and Australia now.
This news somehow appeared too late on Friday to make an impact but its interesting watching last Fridays ASX when there were interesting buys early in the morning with the stock rising from 82.5 to 86 very quicly. NOW did somebody know something! NOW did someone know in advance of this announcement. Hmmm... Leave that up to your imagination but we could have some interesting plays from now on. Anyways
1 NASDAQ.com UPDATE =30th April 2010 : Hanlong Mining To Invest $5 Billion In Australia Miners
By David Fickling
Of DOW JONES NEWSWIRES
SYDNEY -(Dow Jones)- Hanlong Mining said Friday it plans to invest $5 billion in Australian miners as part of plans to become a "fourth force" in the country's iron ore sector to rival BHP Billiton Ltd. (BHP.AU), Rio Tinto Ltd. ( RIO.AU), and Fortescue Metals Group Ltd. (FMG.AU).
The Australian subsidiary of Chengdu-based conglomerate Sichuan Hanlong said in a release it has financing from China Development Bank and Export-Import Bank of China to make investments in Australian iron ore assets.
A separate, unspecified amount is available for investments in infrastructure to bring mining products to market, it added.
Last week the company completed the acquisition of a 57% stake in Moly Mines Ltd. (MOL.AU), a molybdenum miner in Western Australia's Pilbara region.
It has spoken to around a dozen companies in Pilbara and South Australia about making strategic investments in iron ore and iron alloys, a person familiar with the discussions said.
Sichuan Hanlong has also acquired a controlling interest in General Moly Inc. (GMO.T), a U.S. molybdenum miner.
Molybdenum is commonly used as a steel alloy and to remove sulfur impurities from petroleum products.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@ dowjones.com
AND http://www.tradingmarkets.com/news/stock-alert/bachf_chxdf_rtoly_dj-hanlong-mining-to-invest-5-bln-in-australia-iron-ore-alloy-miners-950099.html
2. SYDNEY, Apr 30, 2010 (Dow Jones Commodities News via Comtex) -- Hanlong Mining said Friday it plans to invest $5 billion in Australian miners as part of plans to become a 'fourth force' in the country's iron ore sector to rival BHP Billiton Ltd. (BHP.AU), Rio Tinto Ltd. (RIO.AU), and Fortescue Metals Group Ltd. (FMG.AU).
The Australian subsidiary of Chengdu-based conglomerate Sichuan Hanlong said in a release it has financing from China Development Bank and Export-Import Bank of China to make investments in Australian iron ore assets.
A separate, unspecified amount is available for investments in infrastructure to bring mining products to market, it added.
NOTE THE LAST PARAGRAPH. MORE MONEY AVAILABLE. GO Hanlong and Go MOLY Go!
The snowballing GOOD news just gets better and better.
MOL Price at posting:
84.0¢ Sentiment: LT Buy Disclosure: Held
