ABN Newswire

Asian Activities Report for February 8, 2012: Great Wall Computer (SHE:000066) Partners with Satcon (NASDAQ:SATC) in Chinese Solar Projects

newsroom@abnnewswire.net — Wed, 8 Feb 2012 13:00:30 GMT

Great Wall Computer Company Limited (SHE:000066), a Chinese electronics contract manufacturer, has agreed to form a strategic sales and manufacturing partnership with Satcon Technology Corporation (NASDAQ:SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market. Under the partnership Great Wall has committed to an initial purchase of approximately 60 megawatts of Satcon's PowerGate Plus solutions, which are expected to be delivered by April and utilised for Great Wall's projects. The two parties will also work together to reduce cost through design and supply chain improvements.

Anhui SaunaKing Co., Ltd. (SHE:300247), one of the leading manufacturers and exporters of sauna products in China, has proposed to acquire 100% stake in Saunalux, a German manufacturer of saunas and thermal cabins, for 2.1 million euros, and to invest a further 4.25 million euros in Saunalux as operating capital. Through the acquisition SaunaKing intends to expand its market position in Europe by utilising Saunalux's channel and resources, and to introduce Saunalux' high end brands into the Chinese market.

Suzuki Motor Corporation (TYO:7269) will establish a 50:50 joint venture company with Intelligent Energy Holdings PLC ("IEH") of UK, in February 2012, for developing and manufacturing fuel cell system. The Joint venture company, named SMILE FC System Corporation, aims to develop and commercialize a product by combining the fuel cell development technology of IEH, and control and mass-production technologies of Suzuki.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
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Asian Activities Report for February 7, 2012: GCL-Poly Energy Holdings (HKG:3800) Forms a Joint Venture with NRG Solar to Enter the US Solar Market

newsroom@abnnewswire.net — Tue, 7 Feb 2012 13:00:53 GMT

GCL-Poly Energy Holdings Limited (HKG:3800), a leading polysilicon and wafer supplier as well as a top green energy enterprise in China, has formed a 50:50 joint venture named Sunora Energy Solutions 1 LLC ("Sunora"), with NRG Solar, one of the largest photovoltaic ("PV") project developers in the United States. Sunora will seek to build selected projects developed by NRG Solar using GCL-Poly's performance-optimized PV system equipment and NRG's proprietary advanced racking technologies. GCL-Poly aims to participate in the fast-growing US solar market through this partnership.

Hutchison Whampoa Limited (HKG:0013) says that its subsidiary Hutchison 3G Austria ("3 Austria") has signed a binding agreement to acquire 100% of Orange Austria. After the acquisition 3 Austria will become a top 3 player in the Austrian market, with 2.8 million customers and a market share of 22%. Customers in Austria will benefit from 3 Austria's superior high speed data network coverage and quality through the improved spectrum position, retail footprint and efficiencies that the combined businesses will generate.

Furukawa Electric (TYO:5801) has completed the acquisition of SuperPower Inc., a US-based manufacturer of second generation high temperature superconductivity wire. Through this acquisition, Furukawa Electric plans to provide superconducting wire and develop applied superconductor devices for the smart grid, alternative energy and industrial sectors.

Tokyo Electron Limited (TYO:8035) plans to set up a wholly owned subsidiary in Singapore, called Tokyo Electron Singapore PTE Ltd., on April 1, 2012. The new subsidiary will engage in the sales and services support of semiconductor production equipment and parts in Singapore and other Southeast Asian nations to strengthen the Company's sales performance in Southeast Asia.

Qiubei Fu 
Asia Business News
Tel: +61-2-9247-4344
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EnviroMission Limited (ASX:EVM) Receives Solar Tower Project Finance Commitment

newsroom@abnnewswire.net — Thu, 12 Jan 2012 13:31:53 GMT

EnviroMission Limited (ASX:EVM) (OTCQX:EVOMY) has received a formal commitment to provide the entire development and construction capital for EnviroMission's first Solar Tower power station being developed in La Paz County Arizona to deliver the terms of a power purchase agreement with the Southern California Public Power Authority (SCPPA).

The financing is subject to the due diligence and the acceptance of related banking instruments by EnviroMission's legal advisors and bankers.

Subject to EnviroMission's due diligence the funding commitment will form the basis of the ongoing financing for the development of Australian Solar Tower power stations in the US, and other global markets, including Australia.

Roger Davey, EnviroMission CEO said "the proposed financing is 100% pure equity, no debt, with the investor proposing to take a majority interest in the La Paz Solar Tower without dilution to EnviroMission's issued capital."

EnviroMission expects to be able to inform the market of the final terms and timing of the financing early in 2012.

EnviroMission's Australian Solar Tower intellectual property was independently valued at AUD$60M.

Mr Roger Davey
Chairman
Executive Director
EnviroMission Limited

Enquiries
Ms Kim Forte
Communications General Manager
EnviroMission Limited
+61-3-9693-5666

Asian Activities Report for January 4, 2012: LDK Solar (NYSE:LDK) Announces Takeover Offer for Sunways (ETR:SWW)

newsroom@abnnewswire.net — Wed, 4 Jan 2012 12:00:51 GMT

LDK Solar Co., Ltd. (NYSE:LDK), a Chinese solar company has agreed to acquire approximately 33% increased share capital in Sunways AG (ETR:SWW) of Germany for 2.2 million euros. LDK Solar has also offered to take over all outstanding shares in Sunways. Subject to regulatory approvals, the completion of the takeover offer is expected to occur in the first quarter of 2012. After the takeover, Sunways will remain a separate brand and listed on the Frankfurt Stock Exchange.

Mitsui & Co., Ltd. (TYO:8031) says that its joint venture company Galaxy NewSpring Pte. Ltd. will operate two new plants in China - a waste water treatment plant in Chongqing and a water treatment plant in Shandong Province. Galaxy will invest approximately 6 billion yen for the two new operational assets, which are expected to significantly contribute to the development of the regional community and environmental preservation.

Nomura Holdings, Inc. (TYO:8604) has reached an agreement to invest in Jiu You Quan Xing Equity Investment Fund, a private equity fund based in Shanghai. The investment follows Nomura's approval as a Qualified Foreign Limited Partner (QFLP) by the Shanghai municipal government. The QFLP program in Shanghai allows approved foreign investors to convert foreign currency into yuan and directly invest in private equity funds based in Shanghai. Nomura was the first Japanese financial institution to qualify for the program.

Diploma Group Limited (ASX:DGX) has achieved Practical Completion on its Eleven 78 development on Hay Street, West Perth. Eleven 78 is a A$75 million residential building with 128 apartments and two commercial tenancies. Titles for the 130 lots have now issued with settlements expected to commence in the first week of January 2012.

AEON Co., Ltd. (TYO:8267) says that its subsidiary, Petcity Co., Ltd. will be merging with AHB International Inc., a Japanese company which owns and operates pet retail stores and provides pet grooming services. The merger will create the largest pet service company in Japan's rapidly-growing pet beauty care and medical services market, with 165 pet retail stores, 146 pet grooming stores and 49 pet hospitals.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 9, 2011: Shanghai Electric Group (SHA:601727) to Form Wind Power Equipment Joint Ventures with Siemens (NYSE:SI)

newsroom@abnnewswire.net — Fri, 9 Dec 2011 13:00:00 GMT

Shanghai Electric Group (SHA:601727) (HKG:2727) has signed agreements with Siemens (NYSE:SI) to jointly invest over 165 million euros in two joint venture companies in China for the development, manufacturing and sales of wind power equipments. Shanghai Electric expects to utilise Siemens' advanced wind power technology and to play a leading role in China's offshore wind power market.

Beijing Enterprises Holdings Limited (HKG:0392) says that its subsidiary Green Industry (Qinghai) has signed a contracting agreement for a 20 megawatt photovoltaic grid-tied power generation project in Qinghai Province in China. Green Industry (Qinghai) is responsible for the operation of the Project, which is expected to commence by the end of 2011. The total investment of the Project is approximately RMB 356,220,000.

Mitsubishi UFJ Trust and Banking Corporation, a wholly owned subsidiary of Mitsubishi UFJ Financial Group Inc. (TYO:8306), will form a strategic business and capital alliance with AMP Limited (ASX:AMP), the largest independent financial services provider in Australia. Mitsubishi UFJ will acquire a 15% interest in AMP Capital Holdings, a subsidiary of AMP Limited. This alliance is part of Mitsubishi UFJ's business growth strategy to enhance its asset management business globally.

Honda Motor (TYO:7267) says that two of its auto plants in Ohio have earned the U.S. Environmental Protection Agency's 2011 Energy Star award, due to the Company's ongoing efforts to operate energy-efficient facilities. Improving the energy efficiency of Honda factories is the single biggest focus of the company's efforts. It has ongoing conservation initiatives to minimize the environmental impact from the use of fossil fuels.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net

Asian Activities Report for December 2, 2011: Panasonic (TYO:6752) to Launch a New Residential Power Storage System in Japan

newsroom@abnnewswire.net — Fri, 2 Dec 2011 12:01:43 GMT

Panasonic Electric Works, a Panasonic Group (TYO:6752) company, is to launch a new residential power storage system in late December in Japan. The system, if linked to a solar power generation system, can store power in batteries and provide back-up electricity when a power failure occurs. The price of the system is set to be 459,900 yen.

Treasury Wine Estates Limited (ASX:TWE) has appointed Michelle Terry as Managing Director Lindeman's. The appointment represents a significant step as the Company is moving towards a new global organisation structure, targeting important markets such as China. The Company launched the luxury Special Bin 620 under one of its most loved and respected wine labels Penfolds last month in Shanghai.

Algae.Tec Limited (ASX:AEB) will build its first algae to biofuels production facility in Asia. To be located in Sri Lanka, the facility will utilise Algae.Tec's advanced technology to grow algae on an industrial scale and to produce biofuels that replace fossil fuels for transportation use.

Haranga Resources Limited (ASX:HAR) says today that drilling at the Bayantsogt Prospect within the Selenge Iron Ore Project in Mongolia has intersected significant widths of iron mineralisation. Five major iron lodes have been identified, each averaging approximately 20 metres, and up to 103 metres, in width. The Company is targeting the release of a maiden JORC resource for Bayantsogt by March 2012.

Corazon Mining Limited (ASX:CZN) announces that results from the latest phase of drilling at the Lynn Lake Nickel Sulphide Project in Canada have defined further significant nickel-copper mineralisation. Mineralisation remains open at depth and to the south. The Company will continue drilling to determine the size and extent of the mineralisation.

Qiubei Fu
Asia Business News
Tel: +61-2-9247-4344
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Asian Activities Report for November 21, 2011: Ark Mines Ltd (ASX:AHK) Completed Due Diligence on the Marsuparia Contract of Work in Indonesia

newsroom@abnnewswire.net — Mon, 21 Nov 2011 10:30:46 GMT

Ark Mines Ltd (ASX:AHK) has completed extensive geological, financial and legal due diligence on the Marsuparia Contract of Work tenement in Indonesia, and is now working towards completion of the first phase transaction of the acquisition. The Marsuaparia Contract of Work contains six major projects and numerous other targets, among which the Ongkang gold deposit will be in production within twelve months.

China focussed gold exploration company Red Mountain Mining Limited (ASX:RMX) is to commence structural surface and underground geology studies at Xinqu mineralised area within the Zhongqu project to assist interpretation of the gold mineralisation. Stage II drilling program is expected to commence in December, following the exciting Stage I drilling results, including a best intersection of 31 metres at 4.61 grams/tonne Gold.

Altura Mining Limited (ASX:AJM) announces a 26% increase in the resource estimate at its Pilgangoora lithium project located in the Pilbara region of Western Australia. Total Pilgangoora Mineral Resource estimate now stands at 13.29 million tonnes at 1.21% Li2O. Drilling is continuing at the project, expected to further increase the mineralised resources.

Frontier Solar Limited (SIM:FSO), a Brisbane-based solar mounting technology company, last week announced an Initial Public Offering (IPO) to list on the SIM Venture Securities Exchange. The IPO is for the issue of 24,000,000 ordinary shares at A$0.25 per share to raise a total of A$6,000,000. The Company has extensive client-base in the Asia region, Europe, Middle East and the USA. Its technology was recently deployed in the largest commercial solar rooftop installation in China, and the largest in Australia at the University of Queensland.

Asia Business News
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Asian Activities Report for November 18, 2011: MetroCoal Limited (ASX:MTE) Increases Inferred Coal Resource of the Columboola Project to 1.297 Billion Tonnes

newsroom@abnnewswire.net — Fri, 18 Nov 2011 12:00:58 GMT

MetroCoal Limited (ASX:MTE) announces a significant increase in the inferred coal resource of the Columboola Project from 540 million tonnes to 1.297 billion tonnes, bringing the Company's total thermal coal resource to 2.363 billion tonnes. The Company is targeting thermal coal suitable for the export market at depths amenable to underground mining.

Marmota Energy Limited (ASX:MEU) announces an initial resource estimate of 4.36 million tonnes of uranium mineralisation for its Saffron deposit within its Junction Dam uranium project. Drilling completed in the 2011 Phase 3 program confirmed additional zones of uranium mineralisation to the north and south of the Saffron prospect. Further drilling is planned for 2012 to further expand the resource at Junction Dam.

Gryphon Minerals Limited (ASX:GRY) announces more outstanding drilling results from the Samavogo Gold Deposit at the Company's flagship Banfora Gold Project in Burkina Faso. Mineralisation is shallow and remains open along strike and down dip, highlighting the potential of further resource growth. The Project currently has a JORC-compliant inferred resource estimate of 29 million tonnes at 2.1 grams per tonne for 2 million ounces of gold.

Brisbane-based Frontier Solar Limited (SIM:FSO) has launched a A$6 million Initial Public Offering, expected to list on the SIM Venture Securities Exchange in late December 2011. The Company has patented solar mounting technology that can reduce installation time and improve wind resistance and tracking ability. Its well-known brand, Frontierac, is a top 10 brand in the Australian solar mounting market. With well-established market positions in China and Australia, the Company also plans to expand into the growing renewable energy market in India.

Asia Business News
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Asian Activities Report for October 7, 2011: Blue Energy (ASX:BUL) Further Increase Coal Seam Gas Potential in Bowen Basin

newsroom@abnnewswire.net — Fri, 7 Oct 2011 11:30:13 GMT

Blue Energy Limited (ASX:BUL) has successfully drilled its Monslatt 9 coal seam gas well in Bowen Basin, Queensland, reporting high gas content of up to 25 cubic metres per tonne and thick coal seams of up to 4 metres. The results further reinforce the potential of the Monslatt Block as a significant gas resource. The Company is targeting 3,000 petajoules of 3P gas reserves by year end 2014.

CBD Energy Limited (ASX:CBD) has signed an agreement to acquire energy retailer Neighbourhood Energy. Neighbourhood Energy currently has 65,000 customers, focusing on the Victorian market. The acquisition will give CBD a platform for retail distribution of solar, wind and energy efficient products. This acquisition, along with CBD's alliance with two of China's largest renewable energy companies, will put CBD in a position to begin to challenge the larger participants in Australia's energy markets.

Energy World Corporation Limited (ASX:EWC) has signed a Memorandum of Understanding with the East Java Provincial Government in relation to the development and construction of a Liquefied Natural Gas Import Receiving Terminal and associated facilitates in East Java, Indonesia. The project is capable of processing up to 3 million tonnes per annum of liquefied natural gas, expected to solve the gas supply shortage in East Java.

TVN Corporation Limited (ASX:TVN) has revised its Exploration Target for the Target Resource Area in the south western portion of the Nuurst licence to 200-300 million tonnes of thermal coal. This Target Resource Area represents less than 15% of the Nuurst Coal Project Licence area in Mongolia. The Company intends to produce a JORC Mineral Resource estimate over the Target Resource Area by the end of the calendar year 2011.

Asia Business News
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Asian Activities Report for August 15, 2011: Dyesol Limited (ASX:DYE) Achieved Final Milestones at Dye Solar Cells on Steel Project

newsroom@abnnewswire.net — Mon, 15 Aug 2011 12:00:08 GMT

Australian-based solar technology company Dyesol Limited (ASX:DYE) and its partner Tata Steel (BOM:500470) have presented to the Welsh Government a completed study of process capabilities and a comprehensive review of Intellectual Property regarding the successful development of the dye solar cells ("DSC") on steel project. The Welsh Government re-iterated their support in facilitating the continuation of the project, and indicated that Wales had already become a global centre of excellence for DSC, with the largest DSC product development facility in the world being located in Wales. All parties are committed to bringing DSC steel building products to market fruition.

U3O8 Limited (ASX:UTO) today announced further sampling results from the Saltwater Pool joint venture project in Western Australia, including an exceptionally high grade of 1590 g/t Ag , 8.49 g/t Au and 1830 ppm Cu. The region has very little historic exploration and the company believes the high grade discovery potential is significant.

Legacy Iron Ore Limited (ASX:LCY) will commence a second phase of 6,000m RC drilling next week at the Mt Bevan Iron Ore project in Western Australia. The drilling program, with an Exploration Target of 600Mt-800Mt grading between 30%-40% Fe, is to double the current inferred resource, further adding to the potential economics of the project. Drilling is scheduled for completion by early November 2011.

Alkane Resources Limited (ASX:ALK) has signed a Memorandum of Understanding ("MOU") to form a joint venture to market zirconium products in Europe, North America, and other defined markets. The MOU partner is a leading European manufacturing and trading company specialising in advanced ceramic materials and has many years experience in the zirconium industry. Alkane believes that the MOU is another key milestone for the development of its Dubbo Zirconia Project. Potential revenue from zirconium output at the 1Mtpa Project is estimated to be US$125-150 million per annum.

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