ASX-listed copper miner Altona Mining on Thursday announced that it had concluded negotiations with Sichuan Railway Investment Group (SRIG) for the establishment of a joint venture (JV) company that would oversee construction of a new $238.5-million copper-gold mine at Altona’s Cloncurry project, in north-west Queensland. Altona had initially signed a binding framework agreement with the Chinese road, bridge and rail construction company in June last year.
