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SAN FRANCISCO, May 10 (Xinhua) -- Microsoft Corp. on Monday said it will buy Internet communications company Skype for 8.5 billion U.S. dollars in cash, a bold move for the software giant to explore new business opportunities."Skype is a phenomenal service that is loved by millions of people around the world," Microsoft CEO Steve Ballmer said in a statement."Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world," he added.Microsoft said it has agreed to buy Skype from the investor group led by Silver Lake, and the deal has been approved by the boards of directors of both companies.Skype will become a new business division within Microsoft, and Skype CEO Tony Bates will assume the title of president of the Microsoft Skype Division, reporting directly to Ballmer.The Skype deal ranks one of the biggest purchase in the 36-year history of Microsoft, which is struggling to compete in the fields of Internet and mobile phones beyond its dominance on personal computer software market.Founded in 2003 and based in Luxembourg, Skype offers a software application that allows users to make free or cheap phone calls and chats over the Internet with additional features including instant messaging and video conferencing.Numbers showed that Skype's 170 million connected users made over 207 billion minutes of voice and video conversations in 2010.Skype was acquired by eBay in September 2005, and then acquired by an investment group led by Silver Lake in November 2009.In a press release announcing the acquisition, Microsoft noted that the deal will increase the accessibility of real-time video and voice communications, generating significant new business and revenue opportunities, and enhancing its existing offerings of real-time communications products and services.Microsoft said Skype will support its devices like Xbox and Kinect, Windows Phone and a wide array of Windows devices, and it will continue to invest in and support Skype clients on non-Microsoft platforms.The acquisition is expected to obtain all required regulatory clearances within this calendar year, Microsoft said.

MOSCOW, Jan. 21 (Xinhua) -- Russian and Chinese companies started construction of an iron ore dressing plant Friday in the Evreyskaya Autonomous Oblast to provide high-grade iron ore to the Asia Pacific region, including China.Yury Makarov, chief executive officer of IRC Ltd., told Xinhua the plant would reach its designed capacity in 2013 at 10 million tons of iron ore and 3.2 million tons of iron ore concentrates, which contain up to 65 percent iron.Makarov said that 20 percent of the iron ore concentrates, which are natural iron ore processed through crushing, grinding and dressing, would be used to meet demands of Russia's far east and the rest would go to the Asia-Pacific market. Currently, China imports large amounts of concentrates from Brazil, Australia and India."We are very open to interaction with various countries of the Asia-Pacific region, especially China. The volume of processed iron ore has been increasing every year. We will be happy to deliver iron ore to your companies as well as any other consumers who are willing to purchase our products," he said.The plant will draw its resources from the Kimkanskoye and Sutarskoye deposits and send its products through the Khabarovsk Krai and the Suifenhe port to China.The plant is only 7 km from the Trans-Siberian Railway. A railway bridge is being planned between Evreyskaya Oblast and Heilongjiang to further shorten the supply route.Total investment in the plant is 400 million U.S. dollars, with 340 million in loans from the ICBC (Industrial and Commercial Bank of China) in China. Interest under the facility will be charged at 2.8 percent above LIBOR per annum. The China National Electric Engineering Co, Ltd is tasked with the construction of the plant.Makarov said he was very optimistic about the future of the plant and the development of relations between the Russia's far east and China's northeastern region.IRC Ltd. is a metal unit of Russian gold miner Petropavlovsk PLC. It became the second Russian company to be listed on the HK stock exchange, when it started trading on Oct. 21.

WASHINGTON, April 5 (Xinhua) -- NASA and co-researchers from the United States, the Republic of Korea and Japan have found a new mineral named "Wassonite" in one of the most historically significant meteorites recovered in Antarctica in December 1969, the U.S. space agency said on Tuesday in a statement.The new mineral was discovered within the meteorite officially designated Yamato 691 enstatite chondrite. The meteorite likely may have originated from an asteroid orbiting between Mars and Jupiter. Wassonite is among the tiniest, yet most important, minerals identified in the 4.5-billion-year-old sample.The research team, headed by NASA space scientist Keiko Nakamura-Messenger, added the mineral to the list of 4,500 officially approved by the International Mineralogical Association."Wassonite is a mineral formed from only two elements, sulfur and titanium, yet it possesses a unique crystal structure that has not been previously observed in nature," said Nakamura-Messenger.In 1969, members of the Japanese Antarctic Research Expedition discovered nine meteorites on the blue ice field of the Yamato Mountains in Antarctica. This was the first significant recovery of Antarctic meteorites and represented samples of several different types.As a result, the United States and Japan conducted systematic follow-up searches for meteorites in Antarctica that recovered more than 40,000 specimens, including extremely rare Martian and lunar meteorites.Researchers found Wassonite surrounded by additional unknown minerals that are being investigated. The mineral is less than one-hundredth the width of a human hair or 50x450 nanometers. It would have been impossible to discover without NASA's transmission electron microscope, which is capable of isolating the Wassonite grains and determining their chemical composition and atomic structure."More secrets of the universe can be revealed from these specimens using 21st century nano-technology," said Nakamura- Messenger.The new mineral's name was approved by the International Mineralogical Association. It honors John T. Wasson, professor at the University of California, Los Angeles. Wasson is known for his achievements across a broad swath of meteorite and impact research, including the use of neutron activation data to classify meteorites and to formulate models for the chemical makeup of bulk chondrites.

BEIJING, Feb. 8 (Xinhua) -- China would continue expanding its radio and television networks coverage in the country's rural areas in the 2011-2015 period, according to the State Administration of Radio, Film and Television (SARFT).In the five-year period, efforts would focus on ensuring access to radio and TV services in those villages with less than 20 households, the SARFT said in a statement.It noted that China's other villages which had more than 20 households were already covered by the radio and TV networks, thanks to government's continuous efforts in this regard.China's central and local governments poured over 15.7 billion yuan (2.38 billion U.S. dollars) into the upgrading of the radio and TV networks in the country's rural areas in 2006-2010.Official figures indicated that 96.31 percent and 97.23 percent of China's population had access to radio and TV services respectively in 2009. The ratio was 86.02 percent and 87.68 percent respectively in 1997.