SHARE PRICE
| Symbol | Last Trade | Change |
|---|---|---|
| DMM | 0.200 | 0.030 |
| DMMO | 0.001 | 0.000 |
| All Ords | 3,826.60 | -48.60 |
Index data 20min delayed
www.netquote.com.au
ASX LATEST ANNOUNCEMENTS
Conversion of Convertible Note
3-Jul-09
Cape Lambert to acquire 37% of DMC
3-Jul-09
MOU with Port Authority
12-Jun-09
Strategic Partner Negotiations & Capital Raising Update
8-May-09
LINKS OF INTEREST
Fundamental Research rates DMC a "BUY". Price target $0.20.
View Report
DMC Completes Landmark Rail Access Agreement
ASX Release
DMC Mining Limited ("DMC") is an Australian Listed Iron Ore Company (stock code: DMM) whose principal asset is the Mayoko Iron Ore Project in the Republic of Congo ("ROC"). Based in Perth, the Company listed on the Australian Stock Exchange in July 2007.
DMC recently completed a Rail Access Agreement for the Mayoko to Point Noire Rail Line. View Report
Since the announcement of the acquisition of the Mayoko Iron Ore Project, the company has rapidly progressed its development, announcing, an initial Inferred JORC Resource of 33Mt with a combined DSO & non-DSO exploration target of 860Mt – 935Mt.
In June 2008, leading independent engineering construction Company GRD Minproc completed a substantive Study on the Mayoko Iron Ore Project. A key conclusion of the study was;
“The economics appear robust and it compares favorably with its peers in the mid-west region of Western Australia”
With the advantages of existing infrastructure in place, a bulk commodity railway within 2.2km of the Mayoko deposit linking to the established West African deep water port of Point Noire, DMC’s intention is to be a low cost DSO producer as quickly as possible.
DMC Mining Limited is also very pleased to be working in the low risk jurisdiction of the Republic of Congo, where strong Government support for the Mayoko project will add significant benefits to the people of the region.
Exploration Update - Mayoko Iron Ore Project
