5 Nov 2015 12:10
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Don't have an account? Click here to register.Altona Energy shares delisted from trading on AIM
Fri, 01st Mar 2019 08:35
(Sharecast News) - Exploration company Altona Energy provided investors with a quick update on Friday following the delisting of its shares from trading on AIM.Altona, which can now only be found on the NEX exchange, revealed it was continuing to evaluate an investment into a significant Chinese vanadium mine, in which one of its directors was a beneficial owner, through a joint venture agreement.Altona said any deal could take "many months" to be wrapped up due to strict foreign company investment laws in China.Elsewhere, Altona reiterated its commitment to its South Australian mining licences, with a longer-term view to execute its Underground Coal Gasification strategy at the Arckaringa project following the success of its neighbouring mining company, Leigh Creek Energy.Executive director Qinfu Zhang said: "We have a great deal of work to focus on during the year, which we hope will lead to Altona being a profitable and successful company."Whilst both projects will take a long time to come to fruition, with many issues to overcome, we will provide updates to the market as often as possible."As of 0830 GMT, Altona shares had shot up 9.09% to 18p.
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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