Australian Market Report of March 30, 2011: DYESOL Limited (ASX:DYE) And Tata Steel (BSE:500470) To Expand Photovoltaics Project In Britain

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Sydney, Australia, Mar 30, 2011 - (ABN Newswire) - DYESOL Limited (ASX:DYE.AX) and Tata Steel have decided to expand their joint photovoltaics development project in Britain. The number of personnel working on the project will be increased from 30 to 50 and activity will be scaled up. This expansion will take the project from its laboratory and pilot line phase into a pre-industrialisation phase. The GBP11m project, whose initial development phase is due to be completed in June 2011, will develop a new range of functional coated steel products based on renewable energy for use on the roofs and walls of buildings.

UGL Limited (ASX:UGL.AX) has signed a joint venture agreement in the Kingdom of Saudi Arabia with National TriGeneration CHP Company, whereby the two parties will provide facilities management services and property services to government and private sector clients across the Kingdom of Saudi Arabia from June 2011. The joint venture will provide UGL with a platform for growth in the Kingdom of Saudi Arabia and will significantly strengthen and extend UGL's presence in the Middle East where it has been providing facilities management and property services in the State of Qatar since 2007.

Magma Metals Limited (ASX:MMW.AX) said today that drilling at its Thunder Bay North platinum-palladium-copper-nickel project in Canada encountered mineralization outside the current mineral resource, highlighting the potential to further extend resources. Best results included 53.65m at 7.58g/t platinum and palladium, 0.92% copper and 0.51% nickel. A 30,000m exploration drilling program is planned to test resource extension targets and regional targets in 2011.

Icon Energy Limited (ASX:ICN.AX) signed a binding liquefied natural gas sales agreement with Shantou Sinogas Energy Co., Limited in China to supply 40 million tonnes of liquefied natural gas over 20 years. Shantou SinoEnergy and its joint venture partner, China Guodian Corporation, will construct an A$727 million liquefied natural gas receiving terminal capable of ultimately receiving up to 3 million metric tonnes per annum. The terminal will receive liquefied natural gas supplied by Icon Energy and facilitate the distribution of gas to commercial and residential customers in the local area.

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