ABN Newswire http://www.abnnewswire.net Wed, 30 May 2012 01:18:38 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ Aguia Resources Limited (ASX:AGR) Operational Update for Phosphate and Potash Projects in Brazil ]]> en72294 Y http://www.abnnewswire.net/press/en/72294/ Mon, 16 Apr 2012 15:46:03 GMT Phosphate and potash exploration and development company Aguia Resources Limited (ASX:AGR) ("Aguia" or "Company") is pleased to announce an operational update for its projects in Brazil.

Summary

- Aguia is to suspend drilling at the Atlantic Potash Project to enable a detailed review and re-interpretation of historical and newly acquired data from drilling

- Aguia will be accelerating its efforts at the newly discovered Tres Estradas Phosphate Project in the southern Brazilian state of Rio Grande do Sul

- Tres Estradas Project beneficiation test work has commenced and independent consultants(1) are engaged to confirm a Mineral Resource estimate that can be reported in accordance with the JORC Code and NI 43-101 standards. This remains on track to be achieved in the June quarter

- Aguia expects to update the market over the coming weeks with a more detailed presentation on its phosphate strategy including a clear path to accelerate the development of its project assets
Background

Over the last two quarters, the Company has completed drilling programs at both its Tres Estradas ("TE") Phosphate and Atlantic Potash Projects. Results of these programs are summarised below.

Tres Estradas Phosphate Project

Results of the first drilling program at TE returned a significant new early stage phosphate discovery in the state of Rio Grande do Sul in southern Brazil.

Early interpretation indicates that the project has similarities to the carbonatite style hosted phosphate deposits mined by Vale within Brazil, examples include the Araxá (Reserve: 88.7 Mt @ 11.12% P2O5) and Cajati (Reserve: 85.1 Mt @ 5.45% P2O5) operations.

The Company will accelerate efforts on its phosphate projects and in particular in the Rio Grande do Sul area at TE and the surrounding projects including Joca Tavares that is yet to be drill tested.

The area hosts excellent infrastructure and primary fertiliser markets. The three southern States of Rio Grande do Sul, Santa Catarina and Paraná currently consume around 1.0 million tonnes P2O5(2) or around 30% of Brazilian consumption, with no currently active phosphate mines in the States.

The projects will be logistically advantaged to supply into this region compared with either phosphate mined in Minas Gerais, Goias or imports.

On confirmation of positive beneficiation results and a resource, the Company will begin scoping on an operation to produce a concentrated rock phosphate product.

Atlantic Potash Project

The Company has completed a drilling program of two holes at the Atlantic Potash Project of which the second hole (PAC-002) intersected a significant thickness of the targeted Ibura Member that is the host for potash mineralisation within the basin.

The second hole intersected the top of the Ibura member at 1,360 metres and coring was completed at a depth of 1,578.8 metres. Drilling intersected wide zones of evaporite indicators including nodules and massive zones of anhydrite. The drilling results indicate a good correlation of marker horizons evident from other historical Petrobras holes within the region.

Although the hole is centrally located within a four kilometre radius of historical Petrobras holes that had returned potash mineralisation, PAC-002 did not return any potash mineralisation.

Based on results of the first two holes, the Company has decided to suspend the drilling program and complete a detailed review and interpretation of all available data for the project. In particular, the re-interpretation of historical 2D seismic data needs to be completed to better understand the geological controls on the mineralisation.

The Company had another two holes planned as part of the current program but has commenced negotiations in relation to the early termination of the drilling contract so that it can complete a comprehensive review of targets and targeting criteria in the basin.

The Company continues to see the Atlantic Potash Project as a highly prospective area located adjacent to the only potash producing mine in Brazil, Vale's Taquari-Vassouras underground sylvinite mine and further work is required to fully understand the basin.

Near Term Focus

The Company will concentrate its efforts on the Rio Grande area in particular at TE where work is continuing as planned. The Company has engaged the services of Independent Experts to commence:

1. The calculation of an initial Mineral Resource estimate from TE that can be reported in accordance with the JORC Code with results expected in the June quarter; and

2. Bench scale beneficiation test work involving crushing and flotation at the University of Sao Paulo with results expected in the June quarter. Samples from both the oxide and primary zones will be subjected to crushing, grinding and flotation test work.

The Company expects to update the market over the coming weeks with a more detailed presentation on its phosphate strategy including a clear path to accelerate the development of its project assets.

To view the complete Aguia Resources announcement including Figures 1 & 2, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/72294-ASX-AGR-20120416.pdf

(1) SRK Consulting
(2) Data Source: ANDA, 2010 consumption data

Simon Taylor
Managing Director
T: +61-2-9210-1332
E: staylor@aguiaresources.com.au
http://www.aguiaresources.com.au

David Loch
Unicus
T +61-3-9654-8300 / +61-411-144-787
E david@unicusgroup.com.au
http://www.unicusgroup.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Western Potash Corp. (TSE:WPX) To Exhibit at PDAC 2012 in Canada, March 4-7 ]]> en71838 Y http://www.abnnewswire.net/press/en/71838/ Thu, 1 Mar 2012 08:10:42 GMT Western Potash Corp. (TSE:WPX) would like to invite you to visit the Company's booth, booth #3218, at the 2012 PDAC Convention in Toronto, ON. Please see the details below:

2012 PDAC Convention
Metro Toronto Convention Centre, Level 800
South Building, Halls E, F, & G
222 Bremner Blvd.
Toronto, Ontario, M5V 2W6
PDAC Convention Website

Exhibit Hall Hours

Day 1: Sunday, March 4th
10:00 a.m. - 5:30 p.m.
Day 2: Monday, March 5th
10:00 a.m. - 5:30 p.m.
Day 3: Tuesday, March 6th
10:00 a.m. - 5:30 p.m.
Day 4: Wednesday, March 7th
9:00 a.m. - Noon

John Costigan, VP Corporate Development, will be presenting on Western's Milestone Potash Project at the conference. Please see presentation details below:

Day 3
Tuesday, March 5th
Room: 801B
3:20 p.m.

Angela Aydon                       
Investor Relations

]]> newsroom@abnnewswire.net <![CDATA[ Passport Potash Announces the Appointment of Director and Chairman of the Board ]]> en71311 Y http://www.abnnewswire.net/press/en/71311/ Wed, 18 Jan 2012 08:56:23 GMT Passport Potash Inc. (CVE:PPI) (PINK:PPRTF) ("Passport" or the "Company") is pleased to announce the appointment of David J. Salisbury as a Director and Chairman of its Board of Directors.

Mr. Salisbury has had an extensive career in the mining industry, spanning four decades, including seventeen years with Rio Tinto plc ("Rio Tinto"). During his career he has had experience in almost all phases of mine development and operation, including: operating and capital budget development, operating cost control, product quality, profit/loss analysis, engineering, safety, field operations and maintenance, strategic planning, environmental compliance, market development, merger and acquisition analysis, employee relations, community relations, public relations and government relations at both the state and federal levels.

Mr. Salisbury was President and CEO of Resolution Copper Mining ("Resolution") from 2008 to his retirement on January 31, 2011. At Resolution he was responsible for the development of a deep underground copper mine in Superior, Arizona. One of his primary responsibilities was a legislative land exchange involving 3025 acres of federal land in exchange for 5500 acres of ecologically important private land. His role at Resolution required significant interaction and engagement with members of the U.S. Congress, federal agencies, the Governor of the State of Arizona and State legislators. He was also responsible for leading the activities of integrating all engineering studies and design with environmental permitting, progressive development of the future operations culture and working environment, health and safety, project budget controls and community relations.

From 2006 through 2008, Mr. Salisbury was President and CEO of Kennecott Minerals Company, where he was responsible for the comprehensive management of underground operations in Juneau, Alaska; open cut/heap leach gold in Nevada; and the development and construction of an underground nickel operation in Michigan.

Mr. Salisbury was a leader for the Rio Tinto global improvement program, Improving Performance Together, from 2004 through 2006. He led one of four major streams of work aimed at bringing about radical change in the way Rio Tinto conducts business. This responsibility covered the engineering and operation of processing operations at all Rio Tinto operations and involved leading a team of eight general managers and managers in diagnosing current state, formulating solutions, implementing pilot trials and ultimately rolling out change across the global group.

Mr. Salisbury was Managing Director and CEO of Rossing Uranium Ltd. from 2001 through 2004. The Rossing mine employed 1200 people and produces U3O8 for the global nuclear fuel industry, representing 8% of the global primary supply. During his tenure the mine achieved its historical best safety performance while increasing production with a staff decreased by 33%.

While with Rio Tinto, Mr. Salisbury also held Senior Executive positions with Kennecott Ridgeway Mining Company and Kennecott Energy Company.

Prior to joining Rio Tinto Mr. Salisbury was the President of Cordero Mining Company/Sun Coal Company (1992 to 1993) and responsible for the operation of the Cordero Mine, the seventh largest coal mine in the United States. At Cordero he completed a major organizational restructuring to reduce cost and improve efficiency, dropping operating costs by 10%.

Mr. Salisbury served as President and COO of the Al Hamilton Operating Company/Bradford Coal Company (1990 to 1992) where he was responsible for the operation of 9 active mines in a 30 mile radius of Clearfield, PA. During his tenure he improved the financial performance of this operation and was able to bring it into profitability.

From 1989 to 1990 Mr. Salisbury served as President of The Coteau Properties Company/North American Coal Corporation where he was responsible for the construction, management and operation of a 12 million tons per year surface lignite mine near Beulah, North Dakota. The Coteau Properties Company/North American Coal Corporation had annual sales of 86 million US dollars to the only commercial coal gasification plant in the United States. Mr. Salisbury administered a 20 year contract with the sole coal customer, and negotiated a new contract extension adding a new coal field and additional production up to 16 million tons per year.

Mr. Salisbury served in various management positions with The Coteau Properties Company/North American Coal Corporation from 1978 through 1989. He was the project manager responsible for the oversight of design, contract administration and construction management of the Freedom Mine, a greenfield mine facility valued at 186 million dollars. The project was completed on time and under budget.

Mr. Salisbury noted, "It is with great enthusiasm and a commitment to success that I approach this opportunity of adding my experience to that of Passport's excellent management team. I look forward to building on the strong foundation of accomplishments demonstrated by Passport Potash Inc."

"We are thrilled to have someone of Mr. Salisbury's caliber joining us as Chairman of Passport's Board of Directors. There are few mining executives who can match the breadth of Mr. Salisbury's experience or his record of success in the mining industry," commented Passport's President and CEO Joshua Bleak.

Furthermore, the Company announces that it has received notice of resignation from Gary F. Zak as a director of the Company. The Board of Directors would like to thank Mr. Zak for his services. Mr. Zak will continue his involvement with the Company as a member of Passport's advisory board.

On behalf of the Board of Directors of Passport Potash Inc.

PASSPORT POTASH INC.

Joshua Bleak, President

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at http://www.sedar.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Visit Passport Potash Inc. Website: www.passportpotash.com

Passport Potash Inc.
Peter J. Kletas
Manager of Corporate Development
Toll Free: 1-866-999-6251
peter@passportpotash.com

Passport Potash Inc.
Clive Mostert
780-920-5044
cmostert@passportpotash.com

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 6, 2012: Haier Group (SHA:600690) and LIXIL Corporation Set Up a New Factory in China ]]> en71221 Y http://www.abnnewswire.net/press/en/71221/ Fri, 6 Jan 2012 13:00:20 GMT Haier Group (SHA:600690) and Japan-based LIXIL Corporation have set up a joint venture company in Qingdao, China, to be engaged in the manufacturing and sales of building materials and housing equipment. The new company will utilise LIXIL's production technologies and development capabilities to initially produce kitchen systems, with plans to further expand product range. Operation is expected to commence in the summer of 2012, and products will be sold through Haier Group's extensive distribution network in China.

Tokyo Stock Exchange Group has filed a notification to the Japan Fair Trade Commission regarding its merger plan with Osaka Securities Exchange. The two exchanges are seeking anti-monopoly clearance for their proposed business combination and restructuring.

KOSÉ Corporation (TYO:4922) has successfully developed "Broad-Spectrum Sunscreen Cosmetics" that have been proven to prevent the aggravation of photosensitive dermatitis, in addition to the effectiveness of skin protection against sunburn and suntan. This new sunscreen contains highly effective ultraviolet absorbers, some of which have a stronger capability to absorb in the UV-A range, and therefore provides higher UV protection than existing sunscreen products in the market.

Mitsubishi Corporation (TYO:8058) and India's fertiliser manufacturer Zuari Industries Limited (BOM:500780) have formed a joint venture to invest in rock phosphate assets in Peru. The Joint venture has acquired 30% stake in mining company Fosfatos del Pacifico, a subsidiary of Peru's second largest cement producer Cementos Pacasmayo for US$46.12 million. Additionally, the joint venture company has agreed to purchase rock phosphate concentrates from Fosfatos for 20 years.

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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for January 5, 2012: Titans (HKG:2188) Won Outstanding Contribution Enterprise Award 2011 in Zhuhai, China ]]> en71211 Y http://www.abnnewswire.net/press/en/71211/ Thu, 5 Jan 2012 13:00:57 GMT China Titans Energy Technology Group (HKG:2188) says that its subsidiary Zhuhai Titans Automatic Technology has received an Outstanding Contribution Enterprise Award from the local government of Hengqin New Area, Zhuhai City, China, for its contribution to the economic and social development of the local community in 2011. Focused on power electronics, Titans Group achieved several key milestones during 2011. Its Electric Vehicle Charging Project was successfully listed as a project under China's National High-Tech Research and Development Program in November 2011, indicating the Group's leading position in the development of electric vehicle charging technology.

CK Life Sciences (HKG:0775) has signed an agreement to acquire Australia-based Peaty Trading Group and its related assets for approximately A$31 million. Peaty Trading Group is engaged in the production and sales of plant protection, specialty fertilisers, and pest control products. This acquisition is the latest step in CK Life Sciences' business expansion into the Australian health and agriculture sector, following its A$10.6 million acquisition of Qualco West Vineyard in the Riverland Wine Region, Australia's largest wine grape producing region in 2011.

Marubeni Corporation (TYO:8002) says that its subsidiary Marubeni Access is now providing international IP-VPN service, named VECTANT Global IP-VPN to Japanese companies' overseas subsidiaries. The service, supported by Asia's largest independent communication service provider Pacnet, covers major cities around the world including those in China. It offers an one-stop support through overseas base network with high quality international IP-VPN service.

Toray Industries, Inc. (TYO:3402) has restructured its research and development bases in Shanghai and Nantong, China. It has renamed its Shanghai base Toray Advanced Materials Research Laboratories (China), which will focus more on non-fabric products, whilst its Nantong-based Toray Fibers & Textiles Research Laboratories (China) will continue to specialise in textile products.

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

]]> newsroom@abnnewswire.net <![CDATA[ Asian Activities Report for June 2, 2011: Ord River Resources (ASX:ORD) Signed Engineering, Procurement and Construction Memorandum with NFC (SHE:000758) ]]> en67743 Y http://www.abnnewswire.net/press/en/67743/ Thu, 2 June 2011 12:00:08 GMT Stocks slid on major markets across Asia in early trade. S&P/ASX 200 fell 1.93% to 4616.2. Nikkei 225 lost 1.63% to 9,561.42. Hang Seng Index was down 1.59% to 23250.69, while Shanghai Composite slipped 1.01% to 2715.93.

Companies

Ord River Resources Limited's (ASX:ORD) 49%-owned Sino Australian Resources Co., Ltd ("SARCO") signed a Memorandum of Understanding with China Non-Ferrous Metal Industry's Foreign Engineering & Construction Co. Ltd ("NFC") (SHE:000758) for a proposed Engineering, Procurement and Construction (EPC) contract. Under the Memorandum, NFC will act as SARCO's EPC contractor for the planned 600,000 tonne per annum alumina refinery in Laos and will assist SARCO with arranging project financing from Chinese banks.

Minemakers Limited (ASX:MAK) signed a Memorandum of Understanding with NMDC Limited (BOM:NMDC) for the development of the Wonarah Phosphate deposit in the Northern Territory. The proposed development will include a mine and processing facilities to produce phosphate for export and fertiliser products.

Unity Mining Limited (ASX:UML) has commenced the development of the Newton Zone at the Henty Gold Mine in Western Tasmania. Newton's grade and dimensions are in-line with expectations and its development will contribute significantly to Henty's production in 2012 and beyond. Mineral Resources at Henty doubled to 203,000 ounces of gold in late 2010 and the mine life was extended to around four years.

Discovery Metals Limited (ASX:DML) reported high grade copper silver intersections from the Plutus deposit within its 100% owned Boseto copper project in Botswana. The Project is currently being constructed and scheduled to commence production in early 2012. Planned production is approximately 36,000 tonnes of copper and more than 1 million ounces of silver per annum over an initial 15 year mine life.

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

]]> newsroom@abnnewswire.net <![CDATA[ China Bio-Agriculture Industry Summit 2011 ]]> en64857 Y http://www.abnnewswire.net/press/en/64857/ Tue, 21 Dec 2010 11:34:53 GMT China Bio-Agriculture Industry Summit 2011 will be convened in Shanghai China on February 24-25, 2011. It is committed to providing a comprehensive picture of policy support, market trends, multi-national cooperation in R&D and technical innovations and investment climate of the industry.

The premier event will be gathering 200+ top professionals across bio-agriculture community including policy makers from regulators, leading practitioners from research institutions and associations as well as decision makers from agricultural seed providers, crop protection product producers, fertilizer suppliers, technical solution providers, equipment manufacturers, service providers, investors, consultants, distributors, food and healthcare product processors, etc. It is China's premier meet-and-greet occasion for bio-agriculture industry.

This time, the conference will highlight the status quo, market outlook and policy guidance of China's bio-agriculture industry, prospects for international cooperation in research & development, production and commercialization, agricultural bio-tech innovations, a new agri-economic future with untapped market potential in bio-agriculture development and China's bio-agriculture investment market outlook.

Why you can't miss out?

- Keeping abreast of the policy updates and business intelligence

- Gaining in-depth insights into the business model of cooperation with Chinese counterparts

- Tapping the commercial potential of GM crops and bio-based crop protection chemicals

- Learning the latest innovations to grow agricultural bio-technology

- Looking for new investment in your company and projects

- Forging new relationships with industry majors through this premier

- meet-and-greet occasion for global bio-agricultural fraternities

China Bio-Agriculture Industry Summit 2011 is a leading industry gathering for decision makers to acquire exclusive information, business intelligence and contacts from China's Bio-Agriculture market.

Event Time: February 24 - 25, 2011
Venue: Shanghai, China
Organizers: Shanghai Technology Transfer & Exchange (STTE)
World China Network Association
IGVision International Corporation Shanghai
Website: http://www.bio-agriculture.net

Some of the attending companies include:
- Shandong Denghai Seeds Co., Ltd (SHE:002041)
- Monsanton Company (NYSE:MON)
- Yuan Longping High-Tech Agriculture Co., Ltd (SHE:000998)
- Syngenta Bio-Technology (China) Co., Ltd
- KWS SAAT AG (ETR:KWS)

To view The China Bio-Agriculture Industry Summit 2011 brochure, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/64857-China-Bio-Agriculture-Industry-Summit-2011-Brochure.pdf

Registration or Sponsorship
Mr. Martin Liu
Tel: +86-21-5180-9515
Email: martinl@igvision.com

Media partnership
Ms. Sabrina Yan
Tel: +86-21-5161-5368
Email: sabrina.yan@igvision.com
http://www.igvision.com

]]> newsroom@abnnewswire.net