Press Releases

Distributed: Nov 23, 2011

Alerts Login

Share on StockTwits  
View in Other Languages 3180 2780 2765 2392 2204 

Sydney, Nov 23, 2011 (ABN Newswire) - Air Liquide (EPA:AI), the world leading industrial gas supplier, has formed a 50/50 joint venture with China Petroleum and Chemical Corporation ("Sinopec")(NYSE:SNP) (HKG:0386) (SHA:600028) to jointly invest Euro 85 million in a refinery expansion project in Maoming, Guangdong Province, China. Air Liquide will design and manufacture a new Air Separation Unit in China, with a capacity of 3,000 tonnes of oxygen per day, for the supply of gaseous oxygen and nitrogen to a coal-to-hydrogen project, part of the refinery expansion project.

Australian resources company TNG Limited (ASX:TNG) reports positive interim results from the Pre-Feasibility Study ("PFS") on its 100%-owned Mount Peake Iron-Vanadium Project in the Northern Territory, outlining a project capable of generating revenues of A$10.4 billion over an initial 17.2-year life. The positive PFS results follow the recent signing of an agreement with the Jiangsu East China Mineral Investment & Development Bureau, formalising a A$13.4 million investment and strategic partnership in TNG.

Sumitomo Metal Mining Co., Ltd. (TYO:5713) has established a subsidiary in Brazil to look for opportunities of acquiring interests in copper, gold, nickel or other resource projects. Brazil has rich mineral endowments, the establishment of a Brazilian subsidiary is a strategic step for Sumitomo Metal to become a major non-ferrous company.

Western Desert Resources Limited (ASX:WDR) has signed a Memorandum of Understanding with Xstrata Zinc to investigate the feasibility of gaining access to Xstrata Zinc's McArthur River Mine loading facility. The loading facility access would accelerate Western Desert's production and export of iron ore from the Roper Bar Iron Ore Project, with shipments expected in late 2012 or early 2013.

Share on StockTwits  


Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344

  Related Companies

>>>       Air Liquide
>>>        China Petroleum & Chemical Corporation (SINOPEC)
>>>        Sumitomo Metal Mining Co., Ltd.
>>>              TNG Limited
>>>              Western Desert Resources Limited

  Related Industry Topics:

Gas & Oil | Metals | Energy General | Financial General | Materials General | Mining | Australian Economy | Gold | Copper | Iron Ore | Market Reports | 

  This Page Viewed:  (Last 7 Days: 31) (Last 30 Days: 95) (Since Published: 3180) 

31800 27800 27650 23920 22040  (13321)


  ABN Newswire on Social Media

Site Search

 ENGLISH   All Languages
Send A Press Release
Connecting Investors with Opportunity

Upcoming Webcasts

Mr Glen Darby
Condor Blanco Mines
Monday, April 28, 2014

Mr Tim Mckinnon
Madison Resources Group
Monday, April 28, 2014

Mr Greg Starr MD
Crater Gold
Monday, April 28, 2014

Mr Allan Kelly MD
Doray Minerals
Monday, April 28, 2014

Mr Christopher Darby MD & CEO
Valence Industries
Monday, June 09, 2014

Webcast Your Annual General Meeting

Mobile Video TV

Scan with your Mobile Phone to view ABN Newswire Video Channel on Mobile
City Index - A Better Way To Trade