Australian Market Report of September 10, 2010: Breakaway Resources Limited (ASX:BRW) Updated Drilling At The Silver-Lead-Zinc Deposit With BHP Billiton (ASX:BHP)
Diploma Group LLC (ASX:DGX) has signed a contract for AED$60 million (A$20 million) to construct a new government office building in the United Arab Emirates, for Dubai Electricity and Water Authority (DEWA). Diploma secured an unlimited building licence in the Emirate of Sharjah (United Arab) in 2008 and has since secured construction licences in Abu Dhabi and Dubai. John Norup, Managing Director of Diploma Construction commented, Diploma's impressive track record and delivery perfomance in Australia provided a good platform for business negotiations in the UAE.
Cockatoo Coal Limited (ASX:COK) has entered into an Exclusivity Agreement with Mitsui & Co. Ltd (TYO:8031) (NASDAQ:MITSY) regarding the possible acquisition by Mitsui of an interest in the Company's 100% owned Surat Basin assets. Cockatoo has approximately 3,900 km2 of coal bearing tenements in the Surat Basin. The cooperation with Mitsui will enhance the development of the tenements and the infrastructure required to deliver and export coal through the port of Gladstone.
Lend Lease (ASX:LLC) has entered into an Implementation Agreement with Sekisui House Australia Holdings Pty Ltd, a subsidiary of one of Japan's largest house builders Sekisui House Limited (TYO:1928), involving a number of master planned community projects and apartment developments in Australia. Under the Agreement, Sekisui House will acquire a 50% interest in Lend Lease's 144 apartment development in Melbourne and purchase a land interest from Lend Lease on the Sunshine Coast, Queensland on which Sekisui House intends to construct up to 450 new homes.
Sekisui House, Ltd.
Mitsui and Co., Ltd
Diploma Group Limited
Cockatoo Coal Limited
Breakaway Resources Limited
BHP Billiton Limited