Altona - Major Chinese Group to Contribute US$214 Million to Cloncurry ProjectMAJOR CHINESE CONSTRUCTION GROUP TO CONTRIBUTE US$214 MILLION TO CLONCURRY PROJECT
• Framework Agreement signed between Altona and SRIG
• SRIG to contribute US$214 million cash to the Cloncurry Project
• Altona to contribute the project and US$38 million cash
• Cloncurry Project funded to production through joint-venture
• SRIG to hold 60% of joint-venture Altona to hold 40%
• SRIG to pay US$2 million deposit
To view the announcement please click here.
To view a PowerPoint presentation on the SRIG transaction please click here.
To watch a TV interview with Altona’s Managing Director please click here.
Regards
Alistair Cowden
Managing Director
Altona Mining Limited
+ 61 8 9485 2929 |