Asian Activities Report for November 7, 2011: Austal Limited (ASX:ASB) Acquired a Philippines Shipyard to Expand its Manufacturing Base
Asian Activities Report for November 7, 2011 includes: Austal Limited (ASX:ASB) has acquired a shipyard in the Philippines for A$7 million; Palace Resources Limited (ASX:PXR) is to raise A$1.33 million to fund Lumpo coal project in Western Sumatra in Indonesia; Golden Gate Petroleum Ltd (ASX:GGP) announces a second oil and gas discovery at the SRH-A # 8A well in the Permian Basin Project in Reagan County, Texas; Chalice Gold Mines (ASX:CHN) reports further high-grade gold intercepts from the Koka South and Debre Konate prospects.