Universal Resources to be renamed: Altona Mining Limited (ASX: URL). Altona Mining Limited (Altona) is the result of a merger of ASX listed base metal companies; Vulcan Resources Limited and Universal Resources Limited. The company has two major copper assets. Altona has a clear strategy to build a profitable copper business producing from multiple mines in historic major copper mining camps.
The Company expects to commence production in 2011 and is targeting production of in excess of 40,000t of copper annually by 2014 with significant additional gold, zinc, nickel and cobalt credits. With two high quality advanced stage copper projects (Outokumpu in Finland and Roseby near Mt Isa in Queensland), over 1Mt of contained copper in Resources, near-term production, and a strong balance sheet, Altona is poised to deliver significant shareholder value.
Mining CompanyCopper, aluminum, lead, nickel, tin, zinc, cobalt
Altona Mining Looks to Raise $70 Million
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AZoMining speaks to Francois Nell at Sandvik about the importance of mining sustainability and why equipment rebuilding and upgrades play their part in reducing fuel consumption.
AZoMining speaks to Philip Gross, CEO of Snow Lake Lithium, about the development of the world's first electric lithium mine. This is a particularly important development within mining and highlights the significance of accelerating green mining across the world.
Prof. James Tour
AZoMining speaks with James Tour from Rice University about his team's exciting method that has the very real potential to recover valuable REE from three types of waste; electronic waste, coal fly ash and bauxite residue.