5 Nov 2015 12:10
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Don't have an account? Click here to register.Altona Energy progresses with South Australian pyrolysis deal
Fri, 14th Dec 2018 08:49
(Sharecast News) - Mining and exploration company Altona Energy has taken its first steps to utilise its recently granted exclusive licence of pyrolysis developer Leinad's technology in Australia and China.Altona revealed that further discussions had taken place with an unnamed holder of South Australian coal assets who was interested in applying pyrolysis technology to their project.The mystery party was said to be "very interested" to progress the opportunity and begin work on producing the framework of a joint venture between the two companies.Chief executive Nicholas Lyth, said: "South Australia has closed its conventional coal to electricity generation capacity so it is expected that the state government would be receptive to any future proposal to convert Altona's large coal assets into electricity in a way that meets the appropriate emissions regulations."The AIM-listed firm will be entitled to retain 95% of all revenues generated using the licence, with the remaining 5% passing to the Cypriot firm, which trades under the name GCAT Energy.As of 0840 GMT, Altona shares had shot up 11.11% to 75p.
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5 Nov 2015 09:09
27 Oct 2015 13:21
Altona Energy's Arckaringa talks taking time
(ShareCast News) - AIM tiddler Altona Energy disappointed investors as talks over a potential joint venture with Chinese partners over the Arckaringa coal project in South Australia had not progressed as fast as hoped. Altona said discussions with joint venture partners, Sino-Aus Energy Group and
Read more10 Jul 2015 13:11
Altona Energy shares lift as company renews licences
(ShareCast News) - Altona Energy shares rose after the Australian based firm said it renewed licences and partnered with a US firm. Shares in the firm were up 5.26% to 0.50p at 12:55 on Friday. Altona said the South Australian government had renewed three exploration licences at its Arckaringa Proj
Read more15 Jun 2015 10:12
Altona Energy says Arkaringa talks are progressing
Altona Energy said on Monday that talks with its joint venture partners about amending the agreement for the development of the Arkaringa coal deposit to reflect a change in the project focus to underground coal gasification are progressing. The company said it hopes to be able to update the market
Read more15 Jun 2015 08:18
16 Apr 2015 15:00
Altona Energy's CEO resigns, shares jump 22%
Shares in Altona Energy jumped by nearly 22% after it announced an amendment of its joint venture with Sino-Aus Energy and Wintask. The joint venture agreement reached in November will be amended to reflect a bankable feasibility study into an underground coal gasification project, which will produc
Read more16 Apr 2015 11:39
16 Apr 2015 10:40