Bendigo Mining Limited has requested the ASX and been granted, a trading halt in the company's securities pending a proposed merger announcement with BCD Resources.

Bendigo is the larger of the two and currently has a market capitalisation of USD 107 million based on the last traded price, with BCD USD 63 million.

Bendigo announced an annual profit of USD 11.2 million, an increase of 36% for financial year 2010.