Altech Chemicals takes high purity alumina to European investors

Altech Chemicals has dual listed shares trading under the ticker A3Y on Germany’s Frankfurt Stock Exchange.

The dual listing supports Altech’s strategy to broaden its European investor base, particularly in Germany where there is growing interest in the company’s high purity alumina (HPA) project.

The Frankfurt Stock Exchange is the world’s third largest exchange-trading market as measured by trading volume, behind the New York Stock Exchange and NASDAQ.

More than 50% of the total trades on the Frankfurt Stock Exchange are from investors located in countries outside of Germany.

Altech’s investment appeal for German and other European investors is supported by its negotiations with a German institution regarding project finance and the appointment of a German engineering and procurement contractor.

Altech is aiming to become one of the world's leading suppliers of 99.99% HPA through construction and operation of the proposed HPA plant in Malaysia.

The plan is for the HPA plant to process raw kaolin mined and shipped from the company’s 100% owned Meckering kaolin deposit located in Western Australia.

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Altech recently had its mining proposal and the associated mine closure plan approved for its Meckering kaolin deposit located in Western Australia.

The mining approval marks an important stage in the development of the Meckering kaolin mine, which will provide feedstock for Altech’s proposed Malaysian high purity alumina (HPA) plant.

The approval specifically allows for mining activities to commence within Altech’s 100%-owned Meckering mining lease M70/1334, which is located 140 kilometres east of Perth.

The next step is the works approval application for the proposed loading facility at Meckering, which is assessed by the Department of Environment Regulation.