Altech Closes Purchase of Mining Lease Freehold Land in Western Australia
06 April 2018 by Staff
Australian innovator Altech Chemicals Ltd. took to the Internet yesterday to announce the closing of a purchase by its subsidiary Altech Meckering Pty Ltd of approximately 227 acres of freehold land encompassing its mining lease in Western Australia.
The firm, who announced last fall the exercise of its option to purchase the land upon which its mining lease M70/1334 rested, says it intends to utilize the kaolin ore harvested from the site to fuel its high-purity alumina operations in Malaysia.
Altech first received approval for the mine 13 months ago, with approval to build a kaolin screening and loading facility coming late last summer. The firm says it now has all necessary permits in hand to begin the entire operation, which it expects to do upon securing the rest of the needed funds for the project.
Iggy Tan, Altech’s Managing Director, greeted the development as a significant step forward in bringing 4N HPA alumina to market.
“Finalising the purchase of the freehold land covering granted mining lease M70/1334 marks the completion of another important milestone in the advancement of our HPA project. The land purchase will ensure unimpeded access to M70/1334 for Altech. The proposed Meckering kaolin mine is fully permitted and construction of the kaolin screening and loading facility and initial mining can proceed once the balance of project finance is secured.”
Altech Chemicals is based in Subiaco, Western Australia and is attempting to implement a marketable process for delivering 99.99% (4N) HPA using conventional equipment at a lower production cost than methods currently available. It plans to construct a 4,500 metric ton per annum HPA plant at Tanjung Langsat Industrial Complex, Johor, Malaysia that will use kaolin clay from a company-owned mine in Meckering, Western Australia. The firm is fast-tracking HPA production due to an agreement with Mitsubishi for 100% of its proposed HPA production for ten years. At present, Altech intends to commence project development later this year.