Welcome to Canada-Asia News, your source for concise summaries of the stories affecting Canada-Asia relations. Top Stories from Asia brings together the major stories about Asia from leading English-language newspapers around the world. Past items from the Canada-Asia News service can be found in the archive.
Western Prospector Acquires Coal Projects in Mongolia
Vancouver-based Western Prospector, along with advancing its Saddle Hills Uranium Project, has acquired exploration licences within two coal districts in central and north eastern Mongolia. One acquisition is a 5,000-hectare exploration licence that covers potential for coal seams within the Bananuur Basin. The other acquisition is an approximate 7,000-hectare coal licence within the Choibalsan coal basin in eastern Mongolia.
Information summarized from: Western Prospector Group Ltd. Press Release
Jinshan Signs Joint Venture Agreement for Gold Property in China
Jinshan Gold Mines, a Toronto-based company focused on gold and copper exploration, announced that it has signed a joint-venture agreement with the Nuclear Industry Northwest Economic and Technology Company of China. The contract is for the Dadiangou Gold Property, located in the Qinling Fold Belt in Gansu province. Under the agreement, Jinshan will be able to earn a 71% interest by assuming exploration expenses of US$3.3 million and by paying its Chinese partner US$1.3 million. Jinshan also has the option of increasing its ownership by a further 9% by carrying out additional property expenditures.
Information summarized from: CCNMatthews
Carmanah Technologies Expanding Sales in Japan
Victoria-based Carmanah Technologies Inc., a manufacturer of proprietary LED-based lighting and illumination products, is expanding its sales network in Japan from two agents to ten. Carmanah has been working in Japan since 2002. Current Japanese agents are Meiwa General Trading and MSK Corporation, both located in Tokyo. The new agents will expand sales to the transportation industry as the solar powered LEDs can be used at airports and harbours. The company is aiming for sales of C$50 million in Japan by 2010.
Information summarized from: Nikkan Kogyo Shimbun (Japan)
Hong Kong’s Zida Technologies and Canada’s Adaltis Partner in Medical Equipment Market
Montreal-based developer and manufacturer of vitro diagnostic systems and reagent products, Adaltis Inc., has signed a Memorandum of Understanding (MoU) with Hong Kong-based computer product manufacturer Zida Technologies Inc. Under the partnership arrangement, Zida Technologies is to supply medical equipment and instruments to Adaltis.
Information summarized from: SinoCast China Business Daily News