Asian Activities Report for July 26, 2011: Metgasco Limited (ASX:MEL) Achieve Significant Early Gas Production from Coal Seam Gas Pilot Wells
MRG Metals Limited (ASX:MRQ) has secured an option to acquire a 100% interest in the highly prospective Collie South Coal project in Western Australia. The project sits within a region which has known reserves of 2.4 billion tonnes and confirmed resource in excess of 700 million tonnes. The Company is committed to a rapid exploration program, with an objective of building an open cut coal operation producing export quality products.
Havilah Resources NL (ASX:HAV) has signed non-binding agreements with two Chinese companies to advance the Maldorky iron ore project. Under the agreements, Hunan Valin Liangang Import and Export Co., Ltd and Havilah may enter into an iron ore off-take agreement, and Zoomlion Material Handling Equipment Co., Ltd may supply necessary processing and mining equipment and assist with required infrastructure development for the project.
Tap Oil Limited (ASX:TAP) said today that its Manora Oil Development in the Gulf of Thailand is expected to more than triple the Company's existing reserves toward the end of 2011 and deliver production and revenue in early 2014. At the time of the acquisition Tap estimated the Manora field to have a 24 mmbbl resource.
Doosan Heavy Industries & Construction Co Ltd (SEO:034020), one of the largest heavy industrial companies in Korea, has signed a deal to provide a nuclear reactor for the Sanmen Nuclear Power Station, located in Zhejiang province, China.
Thermax Limited (BOM:500411) and US based Amonix, Inc. announced an exclusive partnership to bring Concentrated Photo Voltaic technology for clean power generation to India. Amonix will offer high-performance solar power generation systems and Thermax will be the Engineering, Procurement and Construction partner to provide turnkey solutions to customers in India.
Tap Oil Limited
MRG Metals Limited
Havilah Resources Ltd
Doosan Heavy Industry & Construction Co.