Erdene Resource Development Corp T.ERD

Alternate Symbol(s): ERDCF

Metals & Mining Industrial Metals & Minerals

Erdene Resource Development Corporation is a Canada-based resource company. The Company is focused on the acquisition, exploration, and development of precious and base metals in Mongolia. Its principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other projects include Altan Nar Gold Project, Dark Horse, Ulaan, Zuun Mod, and Khuvyn Khar. The Bayan Khundii Gold Project is located in Bayankhongor province in Mongolia and is comprised of the 2,309 hectares (ha) Khundii mining license. The Altan Nar Gold Project is located in Bayankhongor province in Mongolia, approximately 16 kilometers (km) north of its Bayan Khundii Gold Project. Dark Horse (Khar Mori) gold prospect is situated on the Bayan Khundii license, about three km north of the Bayan Khundii project. The Ulaan exploration license covers an area of approximately 1,780 ha, immediately west of the Khundii mining license. The Zuun Mod property is located in Bayankhongor province.

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Erdene Resource Development Corp

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Post by waterboy2on May 04, 2011 10:39am

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Post# 18528347

CSN looking for metcoal assets

Brazil's CSN eyes coal asset acquisitions

Wed May 4, 2011 2:04pm GMT

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SAO PAULO May 4 (Reuters) - CSN, Brazil's largest diversified steel group, said on Wednesday that it is eyeing possible acquisition opportunities in the coal industry to boost its access to the key steel ingredient, Chief Financial Officer Paulo Penido Marques said.

The company (CSNA3.SA: Quote)(SID.N: Quote) reported late on Tuesday first-quarter net income of 616 million reais ($390 million) in the period, up from 447 million reais a year earlier.

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