Gujarat NRE Coke subsidiary recommences trading on Australian Stock Exchange

Gujarat NRE Coke Ltd has announced that Gujarat NRE Coke Subsidiary recommences trading on the Australian Stock Exchange (ASX).

Gujarat NRE Resources NL (Security Code GUJ, GUJO) has recommenced trading in the Australian Stock Exchange. The Company, formerly known as Zelos Resources NL, is a resource prospecting entity and was taken over by the Gujarat NRE following its purchase of the Avondale Colliery in NSW, Australia.

The Company owns the Avondale Colliery which is known for its Prime hard Coking coal with good coking properties and is now set to start operations with a view towards profiting from the unquenchable hunger for Prime Hard Coking coal.

The other major area of operation of the Company continues to be Tasmania where the Company has a number of licenses to drill for minerals and metals including iron ore and gold. Preliminary drilling has been positive and further drilling programme is being finalised.

Source : Equity Bulls

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