Asian Activities Report for August 2, 2011: Astro Resources (ASX:ARO) Secured Rights To Acquire A Prospective Mineral Sands Project in Western Australia
Nexbis Limited (ASX:NBS) has signed a 12-year agreement for its Malaysian project to provide, support and maintain its international award winning Nexcode Solution to the government of Malaysia. NexCode is Nexbis' National Security Solution designed specifically for Governments to meet the heightening demands for stronger security and to address increasing threats of local and international crime. The successful implementation of this nationwide system in Malaysia will help pave the way for the future long-term growth of the Company in other markets.
Gullewa Limited (ASX:GUL) said today that its 80%-owned Allegiance Coal Limited has intersected a three-metre thick coal seam at Back Creek deposit in Queensland with a significant discovery of coal at depths that may be amenable to open cut. The Company will continue its drilling program to provide further confirmation of the Back Creek deposit that will be the basis for a proposed 80 million tonnes of open cut mineable coal project.
China Magnesium Corporation Limited (ASX:CMC) said today that the first phase expansion of the Pingyao Magnesium Project is progressing as expected and on schedule. The foundations of a coal-to-gas plant have already been completed and the plant has been built and is currently being delivered to site and installed. The first phase expansion will bring CMC's magnesium/alloying production capacity to 20,000tpa. The Company plans to become one of the largest, low cost, vertically integrated producers of pure magnesium and magnesium alloy in the world.
Claris Lifesciences Limited (BOM:533288), one of India's largest sterile injectables pharmaceutical companies, announced today that their plant has been approved by the Medicines and Healthcare Product Regulatory Agency of the United Kingdom and the Company can now re-launch its Bag Products in the European Union. This approval will benefit Charis as EU is a lucrative market both in terms of revenue and margins.
Claris Lifesciences Limited
China Magnesium Corporation Ltd
Astro Resources NL