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Asian Activities Report for July 27, 2011: South American Iron and Steel Corporation Limited (ASX:SAY) to Acquire an Exploration Concession in China
Asian Activities Report for July 27, 2011: South American Iron and Steel Corporation Limited (ASX:SAY) to Acquire an Exploration Concession in China
Sydney, July 27, 2011 AEST (ABN Newswire) - South American Iron & Steel Corporation Limited (ASX:SAY) has amended its agreement to acquire an 11.25% interest in an exploration Concession in Weishan County, Yunnan, China. The transaction involves the purchase of 15% of the shares in a Hong Kong company, Ample Success Investment Limited whose sole asset is a 75% interest in the Concession. Under the amended Agreement, SAY shall have right to manage the Concession when it acquires 15% of Ample. The Concession hosts gold, copper, lead-zinc, iron and antimony mineralisation.

Rex Minerals Limited (ASX:RXM) has completed a conceptual study of its 100% owned Hillside Project in South Australia. The conceptual study results confirm the potential for a large-scale, long-life project with production increasing to over 70,000t of copper per annum with additional significant iron ore and gold credits.

Aquila Resources Limited (ASX:AQA) said today that its wholly owned subsidiary IP Coal Pty Ltd and Vale Australia (IP) Pty Ltd have reached an agreement which effectively puts aside the difference of opinion between them regarding the ability to make separate shipments of coal from Isaac Plains Coal Mine. Normal shipments of coal will now resume.

Regal Resources Limited (ASX:RER) has appointed Stanford University in California to conduct Phase Two Proof of Concept Testing of its UCTL technology. Samples of USA and Australian coals, including samples from Regal's Oak Park test site, will be trialed during Phase Two. UCTL is a novel patent pending technology which aims to convert low rank brown coal / lignite in-situ into liquid hydrocarbons that can be refined into marketable oil products.

India's largest agrochemical company United Phosphorus Limited (BOM:512070) has acquired a 51% stake in DVA Agro Do Brasil, a Brazilian company engaged in the production, marketing, selling and distribution of crop protection products and specialties in the Brazilian agrochemicals market. This acquisition will give United Phosphorus access to a larger addressable market in Brazil.

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Related Companies

United Phosphorus Limited      
South American Iron & Steel Corp Ltd          
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Regal Resources Limited      
Aquila Resources Limited             

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