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Altech Chemicals takes high purity alumina to European investors
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<p>Altech Chemicals has dual listed shares trading under the ticker A3Y on Germany’s Frankfurt Stock Exchange.</p>
<p>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.</p>
<p>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.</p>
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<p>More than 50% of the total trades on the Frankfurt Stock Exchange are from investors located in countries outside of Germany.</p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
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<p>Altech recently had its mining proposal and the associated mine closure plan approved for its Meckering kaolin deposit located in Western Australia.</p>
<p>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.</p>
<p>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.</p>
<p>The next step is the works approval application for the proposed loading facility at Meckering, which is assessed by the Department of Environment Regulation.</p>
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