Our Company - Altona Mining Limited
Altona Mining Limited is a copper mining company with assets in Finland and Australia.
Altona is a Perth, Australia based company which is listed on the Australian Securities Exchange and the Frankfurt Stock Exchange. The Company was formed in 2010 following the merger of ASX listed companies, Vulcan Resources and Universal Resources.
The Company’s two key assets are the Outokumpu Project in Finland and the Roseby Project in Queensland, Australia.
The Kylylahti mine at Outokumpu is under development and the Luikonlahti Mill is being refurbished. Altona expects to commence production at Outokumpu in early 2012. Altona is targeting production of 8,000t of copper, 8,400 ounces of gold and 1,600 tonnes of zinc annually. There is also potential for substantial nickel and cobalt credits.
Roseby is one of the largest copper resources in Australia and has had a Definitive Feasibility Study completed in 2009. Permitting is nearing completion and Altona is optimising the study to target copper production up to 40,000 tonnes per annum.
