News and Announcements
Altech Chemicals Annual Update 2016; Funding Secured for HPA Project, 30 Year Mining Proposal Signed & Agreement with Mitsubishi
- Published January 16, 2017 4:22PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Altech Chemicals Limited is aiming to become one of the world’s leading suppliers of 99.99% high purity alumina (HPA). Throughout 2016 Altech Chemicals had many achievements shared below:
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The company has secured the funding for its HPA project with US$70m to be exclusively provided by German Bank KfW.
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The Engineering, Procurement and Construction (EPC) detailed designed by M+W Group is well underway, guided by Altech’s Malaysian site office.
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At Meckering site, Western Australia, Altech’s mining lease was granted following a landowner settlement. A 30 year mining proposal was signed and submitted to the Department of Mines and Petroleum.
Finally, an agreement was signed with Mitsubishi for 100% of Altech’s HPA production for the first 10 years.
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