Aspiring copper miner Altona Mining is one step closer to a $93 million merger with Canada-based Copper Mountain Mining after Altona shareholders approved the scheme of arrangement today.
Perth-based Altona Mining has negotiated a scrip-based takeover deal that will see the aspiring copper miner bought by Canada's Copper Mountain Mining but its shares remain well short of the 17 cents valuation of the takeover scheme.
Altona Mining has received Foreign Investment Review Board approval for a subsidiary of Chinese company Sichuan Railway Investment Group to invest more than $US200 million to set up its Cloncurry copper project in Queensland.
West Perth resources hopeful Altona Mining has received amended environmental authority for its Cloncurry copper project in Queensland, incorporating a new deposit and other changes into the mine plan.
Perth-based Altona Mining has finalised terms for a joint venture arrangement at its Cloncurry copper-gold project in Queensland, with the partner to contribute $US213.5 million ($A295 million) to acquire a majority stake.
Altona Mining has signed a joint venture agreement with a Chinese construction group for its Cloncurry copper-gold project in Queensland, with the partner to contribute $US214.5 million ($A278.1m) towards the project.
Perth-based Altona Mining announced the completion of its $US95 million Finnish assets sale to Swedish miner Boliden Mineral AB and has received $US89.2 million in cash as the first tranche of payment.
Perth-based Altona Mining has agreed to sell all of its Finnish operations and most of its exploration assets to Swedish miner Boliden Mineral AB for about $US95 million.
Tight conditions in the mining services sector and a lower Australian dollar have paid dividends for Altona Mining, which has announced a solid increase in net present value and lower revised capital costs at its Little Eva copper project in Queensland.
Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.
Altona Mining has entered a joint venture agreement with a subsidiary of Chinese aluminium giant Chinalco, covering the southern tenements at the Perth-based company's Roseby copper project in Quee
Altona Mining says it is considering the sale of its Roseby copper project in Queensland, after reporting its first full-year profit on the back of starting production at its Outokumpu gold operati
West Perth-based copper explorer Altona Mining is seeking to raise $70 million to fund development of its Outokumpu project in Finland and exploration activities at its Roseby project in Queensland.
West Perth-based Altona Mining has announced it will become a major shareholder in Syndicated Metals after agreeing to divest a number of exploration licenses in Mount Isa to the company.
