Minmetals Resources Limited (HKG:1208) announced its Mineral Resources and Ore Reserve Statement as at 30 June 2011 with a 103.9% increase in zinc Ore Reserves. Reserve gains are mostly due to the inclusion of the Dugald River Ore Reserve for the first time. Dugald River is an undeveloped zinc deposit located in North West Queensland, Australia. It is expected to produce approximately 2 million tonnes of ore and 200,000 tonnes of zinc in zinc concentrate per annum with an estimated mine life of over 22 years. Minmetals Resources Limited will invest A$157 million to develop the next stage of the Dugald River project.
Samsung Electronics (PINK:SSNLF) (SEO:005930) has announced the launch of the next evolution of GALAXY Tab - the GALAXY Tab 10.1 in Australia. The GALAXY Tab 10.1 is a stunningly slim and light tablet featuring Samsung's customised Android(TM) 3.1 (Honeycomb) platform, offering an advanced entertainment, business and e-learning experience. The GALAXY Tab 10.1 will be available in December with prices starting from A$579.
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