Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Union Resources LTD (URL)

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Tuesday 24 October, 2006

Union Resources LTD

Re: Scoping Study

                            Union Resources Limited                            

                              ABN 40 002 118 872                               

                                 Scoping Study                                 

Union Resources Limited ("Union" or the "Company") advises that the Company has
now, in association with its financial advisors, completed a review of the
potential to finance the "Optimum Case" development of the Mehdiabad Zinc
Project in Iran, which is one of the largest untapped zinc deposits in the

The "Optimum Case" development, recommended in the Feasibility Study Report
received in May 2006 from Aker Kvaerner Australia ("AKAU"), involves the
construction of a major open cut mine and a large integrated plant capable of
processing sufficient oxide and sulphide ore to produce up to 400,000 tonnes
per annum of zinc metal, 100,000 tonnes per annum of lead metal and 7 million
ounces per annum of silver, over a mine life of 20-40 years.

AKAU estimated that the total capital cost of this "Optimum Case" development
will be in the order US$1.6 billion.

The attractiveness of the "Optimum Case" development is the indicative long
term operation cost of only US$290 per tonne of zinc, after lead/silver

However, the review has indicated that the capital cost required could be
difficult to finance at this time in Iran.

Therefore, the Company is considering whether the best way to develop the
Project is to stage the development, thereby reducing the initial capital cost
of the Project.

Towards this objective, Union has commenced a scoping study into a number of
potential first stage options for the development of the Project.

The objective of the scoping study is to identify the option that offers the
best financial return, and at the same time would substantially reduce capital

Union is mindful that the option chosen should also maintain the longer term
economic viability of the Mehdiabad Zinc Project, and not negatively impact the
long term potential of this major p roject.

The scoping study will involve a number of consultants, and Union will advise
on the progress of the studies as they proceed.


For further information:

Union Resources Limited                   (Tel: 00 61 7 3833 3833)
Rob Murdoch - Managing Director

Westhouse Securities LLP                  (Tel: 020 7601 6100)
Bill Staple
Martin Davison

Bankside Consultants                      (Tel: 020 7367 8888)
Keith Irons
Simon Rothschild


a d v e r t i s e m e n t