Asian Activities Report for April 12, 2011: CBD Energy (ASX:CBD) To Sign Joint Venture Agreement With Tianwei Baobian (SHA:600550) And Datang Corp (HKG:1798)

CBD Energy Limited (ASX:CBD) will sign final joint venture documents on 18th April in Sydney with Baoding Tianwei Baobian Electric Co Ltd (SHA:600550) and China Datang Corp Renewable Power Co Ltd (HKG:1798), two of China's largest renewable energy companies. The joint venture will develop A$6 billion renewable energy projects over eight years and become a significant participant in the Australian energy market.

Atomic Resources Limited (ASX:ATQ) has entered into a joint venture agreement with Indochina Coal Pty Ltd to explore and develop coal properties in Laos. Laos has significant coking and thermal coal opportunities and is largely unexplored. The parties have compiled a significant database on coal occurrences, completed initial field work in prospective areas, and prioritised exploration opportunities.

Stonehenge Metals Limited (ASX:SHE) announced assay results from the first six holes of the drilling program at its Gwesan Project in South Korea. Best results included 7m at 337ppm U3O8 and 8m at 10,198ppm V2O5. This significant discovery has been made in an area with no historical drilling records. Additional drilling is being planned to extend the discovery, further adding to the exploration potential of the Gwesan Project.

EMC Metals Corp. (TSE:EMC) has commenced environmental site work on the Nyngan Scandium Project in NSW, Australia, in support of a feasibility study planned for the project later this year. The results from the site work will also be included in the Nyngan Project's Environmental Impact Study which is required for approval of a mining permit for the project.


Related Companies

Stonehenge Metals Limited
            

EMC Metals Corporation
            

China Datang Corp Renewable Power Co Ltd
            

CBD Energy Limited
            

Baoding Tianwei Baobian Electric Co. Ltd
            

Atomic Resources Limited