Oz Resources Attracting Financial Investment

New opportunities in Australian coal and oil markets are helping to drive brokerage company Blue Oar's heavy investment in the country's markets, the company told mining-technology.

Earlier this week, Blue Oar, which has offices in Melbourne, Perth and Sydney, announced it will focus investment in Australian markets in 2008.

Blue Oar CEO Andrew Monk told mining-technology the company has the expertise to invest in the "hugely resource-rich country".

"We are very excited about coal and oil opportunities.

"The technology is improving dramatically in mining, clearly opening up opportunities," Monk says.

The company, which is London Stock Exchange-listed, describes itself as the largest UK player in Australia and specialises in representing small and mid-cap companies.

By Ozge Ibrahim