Asian Activities Report for December 2, 2011: Panasonic (TYO:6752) to Launch a New Residential Power Storage System in Japan

Sydney, Dec 2, 2011 AEST (ABN Newswire) - Panasonic Electric Works, a Panasonic Group (TYO:6752) company, is to launch a new residential power storage system in late December in Japan. The system, if linked to a solar power generation system, can store power in batteries and provide back-up electricity when a power failure occurs. The price of the system is set to be 459,900 yen.

Treasury Wine Estates Limited (ASX:TWE) has appointed Michelle Terry as Managing Director Lindeman's. The appointment represents a significant step as the Company is moving towards a new global organisation structure, targeting important markets such as China. The Company launched the luxury Special Bin 620 under one of its most loved and respected wine labels Penfolds last month in Shanghai.

Algae.Tec Limited (ASX:AEB) will build its first algae to biofuels production facility in Asia. To be located in Sri Lanka, the facility will utilise Algae.Tec's advanced technology to grow algae on an industrial scale and to produce biofuels that replace fossil fuels for transportation use.

Haranga Resources Limited (ASX:HAR) says today that drilling at the Bayantsogt Prospect within the Selenge Iron Ore Project in Mongolia has intersected significant widths of iron mineralisation. Five major iron lodes have been identified, each averaging approximately 20 metres, and up to 103 metres, in width. The Company is targeting the release of a maiden JORC resource for Bayantsogt by March 2012.

Corazon Mining Limited (ASX:CZN) announces that results from the latest phase of drilling at the Lynn Lake Nickel Sulphide Project in Canada have defined further significant nickel-copper mineralisation. Mineralisation remains open at depth and to the south. The Company will continue drilling to determine the size and extent of the mineralisation.

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