View in Other Languages Asian Activities Report for November 23, 2011: Air Liquide (EPA:AI) and Sinopec (SHA:600028) Form Joint Venture for a Refinery Expansion Project in China 2011年11月23日 アジア市場活動レポート:液化空気(EPA:AI)と中国石化(SHA:600028)はジョイントベンチャーを興し、中国で石油精錬工場拡大プロジェクトに参加 2011년 11월23일 아시아 현장보고서: Air Liquide (EPA:AI), 중국 정유공장 확장사업을 위해 Sinopec (SHA:600028)와 합작투자사 설립 2011年11月23日亚洲活动报告:液化空气集团(EPA:AI)与中国石化(SHA:600028)组建合资企业,参与炼油厂扩建项目 2011年11月23日亞洲活動報告:液化空氣集團(EPA:AI)與中國石化(SHA:600028)組建合資企業,參與煉油廠擴建項目 
Asian Activities Report for November 23, 2011: Air Liquide (EPA:AI) and Sinopec (SHA:600028) Form Joint Venture for a Refinery Expansion Project in China
Asian Activities Report for November 23, 2011: Air Liquide (EPA:AI) and Sinopec (SHA:600028) Form Joint Venture for a Refinery Expansion Project in China

Sydney, Nov 23, 2011 AEST (ABN Newswire) - Air Liquide (googlechartEPA:AI), the world leading industrial gas supplier, has formed a 50/50 joint venture with China Petroleum and Chemical Corporation ("Sinopec")(googlechartNYSE:SNP) (googlechartHKG:0386) (googlechartSHA: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 (googlechartASX: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. (googlechartTYO: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 (googlechartASX: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.

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Qiubei Fu
Asia Business News
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