Asian Activities Report for November 11, 2011: Hastings Rare Metals Limited (ASX:HAS) Announces Significant Rare Earth Results at Yangibana Project
iCash Payment Systems Limited (ASX:ICP) has determined to delay the targeted completion date of the proposed acquisition of further interest in NeoICP Korea Inc.. Due to a strengthened valuation of the Australian iCash business relative to the Korean NeoICP business, iCash are seeking to revise the transaction terms for acquisition. iCash is a vertically integrated ATM payments business that has designed, manufactured and sold over 12,000 ATMs in Korea and deployed over 1,500 ATMs in Australia.
Globe Metals & Mining (ASX:GBE) has signed an agreement to acquire up to 90% interest in a titanium-vanadium-iron project in Mozambique. Very high grades of titanium with additional vanadium were returned from rock-chip samples taken in Globe's recent due diligence program. Separate high-grade magnetite zone was also identified with two samples averaging 66.8% Fe.
Mission NewEnergy Limited (NASDAQ:MNEL) (ASX:MBT), a global provider of environmentally sustainable biofuels, will build a major waste material processing facility in Malaysia. The plant will be the first of its kind to recover palm oil from Spent Bleached Earth, a kind of waste material that historically has no application.
Mission NewEnergy Limited
Icash Payment Systems Limited
Hastings Technology Metals Ltd
Globe Metals & Mining Limited