Asian Activities Report for March 30, 2011: DYESOL Limited (ASX:DYE) And Tata Steel (BOM:500470) To Expand Photovoltaics Project In Britain
UGL Limited (ASX:UGL) has signed a joint venture agreement in the Kingdom of Saudi Arabia with National TriGeneration CHP Company, whereby the two parties will provide facilities management services and property services to government and private sector clients across the Kingdom of Saudi Arabia from June 2011. The joint venture will provide UGL with a platform for growth in the Kingdom of Saudi Arabia and will significantly strengthen and extend UGL's presence in the Middle East where it has been providing facilities management and property services in the State of Qatar since 2007.
Magma Metals Limited (ASX:MMW) said today that drilling at its Thunder Bay North platinum-palladium-copper-nickel project in Canada encountered mineralization outside the current mineral resource, highlighting the potential to further extend resources. Best results included 53.65m at 7.58g/t platinum and palladium, 0.92% copper and 0.51% nickel. A 30,000m exploration drilling program is planned to test resource extension targets and regional targets in 2011.
Icon Energy Limited (ASX:ICN) signed a binding liquefied natural gas sales agreement with Shenzhen Sinogas Energy Co., Limited in China to supply 40 million tonnes of liquefied natural gas over 20 years. Shenzhen Sinogas Energy and its joint venture partner, China Guodian Corporation, will construct an A$727 million liquefied natural gas receiving terminal capable of ultimately receiving up to 3 million metric tonnes per annum. The terminal will receive liquefied natural gas supplied by Icon Energy and facilitate the distribution of gas to commercial and residential customers in the local area.
Tata Steel Limited
Magma Metals Ltd
Icon Energy Limited