Altona finalises JV agreement with Chinese firm for new Cloncurry mine

June 2, 2016

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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.

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