The opening ceremony, which took place on April 20, 2012, was attended by the delegates from the Provincial Department of Agriculture, Provincial Department of Education, Science and Technology Department, Provincial Agricultural Development Office, and Academy of Agricultural Sciences.

President of HAU, Ms. Zhang, has commented on the launch of the institute saying that it represented a new milestone of cooperation between HAU and Origin, which also could benefit the industrialization of corn and food safety in China.

Wamar International, which has offices in the USA, Middle East, South Africa, South America and Asia, will provide offices at their international headquarters in Amman. The business will be headed by Wamar’s special projects manager, Mr Nowar.

Mr. Nabil Barakat, President, CEO and Founder of Wamar International, commented: ‘Wamar is excited about forming a relationship with Mineseeker Operations. There is no doubt that this product is much needed in the MENA region and in all countries affected by landmines. The situation in our region has been very bad for many years and the cost of locating and clearing landmines and unexploded ordnance has been prohibitive as well as technically challenging… I believe that Wamar has the expertise, infrastructure and ability to make a big difference, in conjunction with Mineseeker, with this most important humanitarian effort.’

From today’s date, all sales enquiries from the MENA area are being passed to Wamar – including enquires from Egypt, Kuwait and Libya. Libya was in negotiations with Mineseeker until the 2011 revolution, and the contract negotiation papers have been passed onto Wamar to recommence talks with the new transitional government. At the time that negotiations were terminated, an initial contract valued at US$25 million was drafted to survey areas in the western desert affected by World War Two landmines and unexploded ordnance.

Beer van Straten is a senior international oil and gas industry executive having more than 20 years of high level exploration, production and commercial experience in the North Sea, Middle East and Africa. He began his career with Shell in 1988, and worked across North Africa managing operations for Shell and other oil and gas operators. Also, he managed drilling program for Dana Gas in Egypt that led to doubling their reserves and raising production by 50% managing a staff of 800 and 400 contractors. In June 2010, he joined Orca Exploration’s Board of Directors.

Mr. LP Wang has rejoined Nam Tai as Operations President of the manufacturing plant in Wuxi since September 2011, and is currently appointed as Senior Operations President. From 1997 to 2004, Mr. LP Wang was employed by Nam Tai Electronics, where he worked in various capacities, including Engineering Manager, Assistant General Manager and Managing Director. Before joining the BVI company in 1997, he held several management positions in various companies in Taiwan and Malaysia.

Mr. SP Wang joined Nam Tai as an engineer in June 1991, and is currently appointed as Senior Operations President of the manufacturing plant in Shenzhen. During his service in the company, Mr. SP Wang held various senior management positions in Nam Tai subsidiaries, including Engineering Manager, Assistant Manager of the Production Department, Director Deputy General Manager, Operations Vice President and Operations President.

Some of recent high-profile transactions with BVI structures include, for example, Canadian-based financial institution Scotiabank’s USD acquisition of 51% in Colombia’s Banco Colpatria Red Multibanca Colpatria S.A., which became Scotiabank’s largest ever-international takeover. Other transactions are: purchase by UK private equity group CVC Capital of 51% controlling stake in Virgin Active – the fitness chain part of Richard Branson’s Virgin Group, valued at GBP900m; acquisition for GBP77.5m of the trading operations of UK-listed property services company DTZ by Australian company UGL Limited, and some others.

Ray Wearmouth, Managing Partner of Ogier BVI, said in his comments: “Ogier’s involvement in these arrangements also represent the continued confidence of the global financial community in the BVI as a stable and high-quality jurisdiction for structuring multi-national transactions.”

After Mr. Yeoh resigned from the post of CEO, Mr. M.K. Koo was appointed as Acting CEO of the company. Mr. Koo, a founder of the Nam Tai Group, had been serving as executive Chairman and Chief Financial Officer of Nam Tai Electronics. The Board of Directors of the BVI company expressed confidence that Mr. Koo can take on the position of Acting Chief Executive Officer to support its continuous growth. Then, Nam Tai will use its best endeavours to identify a suitable candidate to fill the vacancy and will make a further announcement upon appointment of a new Chief Executive Officer.

The new CEO of Talon Metals, Mr. Van Rooyen, has been working with Tau Capital Corp. since 2000, and during the last years his main responsibility was its new business evaluation process and the implementation of exploration and development programs for mineral projects in countries in Africa and Latin America. Before joining Tau Capital, Mr. Van Rooyen was President and CEO of Groupman, a private company that built the largest silica mine in South Africa, and of one of South Africa’s largest offshore diamond exploration projects.

The first project discussed will use the MIR technology for the aerial survey of large tracts of land affected by unexploded ordnance. BVI company received a Letter of Intent from the South African company, and has now signed the Memorandum of Understanding which will further entrench the relationship, paving the way for a Joint Venture company, Mineseeker Operations Southern Africa Ltd, which will undertake the contract to survey and clear significant areas of land currently unusable for economic development.

Meetings with the JV partners will take place in Johannesburg, South Africa. Further details of the timing and project value will be released after successful conclusion of the contract negotiations.

Within the permitted area, which is highly prospective for iron ore, significant quantities of Canga-type iron ore conglomerate have been observed forming three main plateaux covering an approximate area of 35 square km. A reconnaissance drilling/pitting programme is planned to confirm the thickness of the iron mineralisation and grade at depth with completion prior to the onset of the wet-season in May. Access roads to the plateaux will be completed in February 2012.

Sable Mining CEO Andrew Groves commented on this expansion: “this is a fantastic
addition to our iron ore portfolio, with early indications from reconnaissance work already highlighting the project’s prospectivity. Taking into account its proximity to the Nimba project, the near surface nature of the ore body, the defined plateaux and the relative proximity to infrastructure, we believe this has the potential to add significant value to the Company going forward.”

SMC will hold the company’s mining licenses in Russia’s Novosibirsk Region, where mining operations are to be commenced in the second quarter of 2012. The second British Virgin Islands company, SCT, is the commodities trading division of TurkPower Corporation, and will have offices in Russia, Spain, Switzerland and the British Virgin Islands.

TurkeyPower Corporation expects to sell and ship its inventory of coking coal worth in excess of $20 million through its subsidiary SCT in the first quarter of 2012. Also, a substantial long-term coal off-take agreement is scheduled to take place in the first quarter of 2012.