Altona is a cashed up ASX listed company with a record of shareholder returns. It is focussed on the Cloncurry Copper Project in Queensland, Australia.
The Cloncurry Copper Project has resources containing some 1.65 million tonnes of copper and 0.43 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator.
Shareholders in Altona Mining Limited (ASX:AOH) (FRA:A2O) are advised that the company's Managing Director, Alistair Cowden, has recently taken part in a video interview in which he talks about the proposed acquisition of the Company by TSX-listed Copper Mountain Mining Corporation.
Altona Mining Ltd (ASX:AOH) has announced a deal with construction group Sichuan Railway Investment Group (SRIG) which will see the Chinese state-owned enterprise contribute US$214 million in cash to fund the Cloncurry Copper Project in to production.
Altona Mining Limited (ASX:AOH) is pleased to announce it has concluded a binding Framework Agreement with Sichuan Railway Investment Group. The parties have agreed to establish an incorporated joint venture holding Altona's Cloncurry Project located in north-west Queensland, with SRIG to contribute cash of US$214.46 million and have a 60% interest in the joint venture.
Altona Mining Ltd (ASX:AOH) has now received shareholder approval for a A$80.2 million capital return, following the sale of the company's mining and exploration assets in Finland last year for approximately A$112 million.
FINANCE VIDEO: Altona Mining (ASX:URL) MD Alistair Cowden Speaks at Sydney RIU Resources Round-up in Sydney, May 2010
ABN Newswire stocks to watch include: Havilah Resources NL (ASX:HAV), Dynasty Metals Australia Limited (ASX:DMA), iSOFT Group Limited (ASX:ISF), WestSide Corporation Limited (ASX:WCL) and Universal Resources Limited (ASX:URL).
Universal Resources Limited (ASX:URL) is pleased to announce the appointment of Mr Eric Hughes to the role of Company Secretary and Chief Financial Officer with effect from 31 March 2010.
ABN Newswire stocks to watch today include: AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF), AusTex Oil Limited (ASX:AOK) (PINK:ATXDF), Universal Resources Limited (ASX:URL), Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF), Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF), Burleson Energy Limited (ASX:BUR), Beach Energy Limited (ASX:BPT) (PINK:BEPTF) and Otto Energy Limited (ASX:OEL) (PINK:OTTEF).
Universal Resources Limited (ASX:URL) today announced positive drilling results from the Company's 100%-owned Roseby Copper Project ("Roseby") near Mt Isa in Queensland, Australia.
ABN Newswire stocks to watch today include: Atlas Iron Limited (ASX:AGO), D'Aguilar Gold Limited's (ASX:DGR), Lions Gate Metals Inc. (CVE:LGM) (PINK:LGMFF), Magnetic Resources Nl (ASX:MAU), Universal Resources Limited (ASX:URL), Victory West Moly Limited (ASX:VWM) and ABM Resources NL (ASX:ABU).
