SPECIAL NOTICE

We are working on upgrading our websites and despite our best endeavours have experienced census type calamities for almost a week now. Our apologies, we hope to have all problems resolved by Monday August 15th.

SEARCH BY NAME

BROWSE

Browse Australian listed companies

0-9A B C D E F G H I J K L M N O P Q R S T U V W XY Z

Browse current Australian managed funds

0-9A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

SEARCH BY CODE

Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:

ALTURA MINING LIMITED(AJM)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

Shareholder links

Our website ranking of AJM: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services, Rhodes Corporate Park, 1A Homebush Bay Drive, Rhodes NSW 2138

Tel : +61 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000AJM9
Address: Level 2 23 Barrack Street Perth WA 6000
Tel:  +61 8 9488 5100 Fax: +61 8 9488 5199

Date first listed: 08/01/2001
Company Secretary: Damon Cox
Sector: Materials Industry Group: XMJ
Activities: Mineral exploration and services business

News & Events

Expand this box to read and print

OFX Transferring Money Internationally to Free

The administrators consider that it is necessary to allow the public process undertaken by the receivers and managers of the companies to market hte companies and their assets for sale and/or recapitalisation opportunities to conclude, which is unlikely to be before early December 2020. It was necessary to seek an extension from the Supreme Court of Western Australia to, inter alia, extend the period to convene the second meeting of the companies' respective creditors. An order was made on 16 November 2020 in respect of the companies which included that the date for convening the second meeting of creditors for: AJM is extended to 24 February 2021, and ALO is extended to 17 December 2020.

17/11/2020

The administrators rely on the relief granted uner ASIC Corporations Instrument 2015/251, which provides a deferral of the company's financial reporting obligations to 26 April 2021. ASIC granted the company relief from section 250N of the Corporations Act 2001 to hold its 2020 AGM. ASIC has extended the time within which section 250N of the Act requires the company to hold its 2020 AGM to 31 March 2021.

12/11/2020

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

02/11/2020

The loan noteholders of the group have entered into an implementation agreement with Pilbara Minerals. The receivers and the group are not a party to the imiplementation agreement. The agreement provides Pilbara Minerals with a mechanism to potentially acquire the Altura Lithium Project through the purchase of the shares in ALO for approximately $175 million, subject to completion of the receivership process. Under this, in the absence of a competing proposal, the loan noteholders have agreed to vote in favour of the Pilbara Minerals proposed DOCA for ALO.

29/10/2020

Pilbara Minerals Limited has entered into an implementation deed with the senior secured loan noteholders of Altura, which provides it with a path to potentially acquire the Altura Lithium Project through the purchase of the shares in Altura Lithium Operations for approximately US$175 million, subject to completion of the receivership process. ALO is a wholly-owned subsidiary of Altura Mining Limited and owns and operates the Altura Project.

28/10/2020

Clifford Stuart Rocke and Jeremy Joseph Nipps of Cor Cordis were appointed Joint and Several Voluntary Administrators of Altura Mining Limited on 26 October 2020 by the company's first ranking secured creditor, BNY Trust Company of Australia as Trustee of Pilgangoora Security Trust.

26/10/2020

Richard Tucker and John Bumbak of KordaMentha were appointed as Receivers and Managers of the Group on 26 October 2020 by the security agent, BNY Trust Company of Australia Ltd. The Receivers and Managers understand that Voluntary Administrators have also been appointed to the Group.

25/10/2020

The company releases the results of resolution of its general meeting.

25/09/2020

Commercial levels of production maintained with September quarterly production expected to be in the range of 43,000-45,000 wet metric tonnes (wmt). Four shipments, totalling approximately 48,000 dry metric tonnes (dmt) sold to long-term offtake partners. Discussions ongoing to optimise debt structure and strengthen overall balance sheet.

24/09/2020

The company will hold a general meeting at the DoubleTree by Hilton Hotel, 100 James Street, Northbridge, Perth, Western Australia on Friday 25 September 2020 commencing at 10.00am WST.

26/08/2020

The loan note holders have agreed to defer all payments and waive key covenants under the facility until 31 October 2020. This waiver once again shows strong support from the lending group and will allow Altura to continue evaluating proposals with a primary focus on reducing financing costs. The company requests that its securities remain in suspension.

25/08/2020

PKF Perth has been appointed as auditor of the company. This follows the resignation of PKF Brisbane Audit.

19/08/2020

The company requests an extension of the voluntary suspension on its securities pending the finalisation of proposed changes to its current financing arrangements. An announcement is expected to be made before the commencement of trading on 25 August 2020.

18/08/2020

The securities of Altura Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AJM, pending the release of an announcement regarding changes to its current financing arrangements.

12/08/2020

The suspension of trading in the securities of Altura Mining Limited will be lifted immediately, following the release by AJM of an announcement regarding a capital raising and refinancing transaction.

06/03/2020

The company releases a notification of Proposed issue of Securities - AJM.

06/03/2020

Altura's balance sheet strength is underpinned by new financing package with the following highlights: three-year extension of existing Loan Note Facility; Equity raise of $11.2 million bolsters working capital; $50 million standby equity funding secured.

06/03/2020

The company requests an extension of the voluntary suspension currently in place on its securities pending the finalisation of a refinancing transaction. The company expects to be able to make an announcement to the market before the commencement of trading on 9 March 2020.

02/03/2020

The company requests an extension of the voluntary suspension currently in place on its securities pending the finalisation of a refinancing transaction. The company's announcement is expected to be made before the commencement of trading on 2 March 2020.

24/02/2020

The company requests am extension of the voluntary suspension currently in place on its securities pending the finalisation of a refinancing transaction. The announcement is expected to be made before the commencement of trading on 24 February 2020.

17/02/2020

The company releases a presentation - Roskill Lithium Mine to Market Conference.

12/02/2020

Altura has executed a Term Sheet with current lenders to extend the existing loan facility for an additional three years on favourable terms. Altura is undertaking an equity capital raising to further strengthen its balance sheet.

12/02/2020

The company requests an extension of the voluntary suspension currently in place on its securities pending the finalisation of a refinancing transaction. The company expects to be able to make an announcement to the market before the commencement of trading on 17 February 2020.

10/02/2020

The company requests an extension of the voluntary suspension of its securities pending the finalisation of a refinancing transaction. The company expects to be able to make an announcement before the commencement of trading on 10 February 2020.

03/02/2020

The company lodges its Quarterly Activities Report.

31/01/2020

The company requests an extension of the voluntary suspension currently in place on its securities pending the finalisation of a refinancing transaction. The company expects to be able to make an announcement to the market before the commencement of trading on 3 February 2020.

28/01/2020

The company is continuing to secure strong sales of lithium concentrate, having recently shipped a record cargo of 24,500 wet metric tonnes (wmt) to long-term offtake partner Ganfeng Lithium. The cargo of approximately 6% lithium concentrate departed Port Hedland last week on Clipper Kamoshio, bound for Zhenjiang, near Shanghai. Altura has now shipped a total of approximately 170,000 tonnes of lithium concentrate since commencing production at its Pilgangoora mine in July 2018.

21/01/2020

The company requests an extension of the voluntary suspension of its securities pending the finalisation of a refinancing transaction. The announcement regarding this is expected to be made before the commencement of trading on 28 January 2020.

20/01/2020

The securities of Altura Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AJM, pending the release of an announcement regarding a refinancing transaction.

15/01/2020

The suspension of trading in the securities of Altura Mining Limited will be lifted immediately, following the release by AJM of an announcement regarding a capital raising.

07/02/2019

National and international institutional investors underpin A$23 million institutional Placement. Securities Purchase Plan for existing shareholders to participate in the capital raising up to A$5 million. Funds to be allocated towards final ramp-up push to nameplate production capacity.

07/02/2019

The securities of Altura Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AJM, pending the release of an announcement regarding a capital raising.

05/02/2019

The suspension of trading in the securities of Altura Mining Limited will be lifted immediately following receipt of an announcement regarding a capital raising.

06/10/2017

The company has successfully completed a Placement to international institutional and sophisticated investors to raise A$26 million. Funds will be used to evaluate doubling production capacity of the Altura Lithium Project.

06/10/2017

The securities of Altura Mining Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

05/10/2017

The suspension of trading in the securities of Altura Mining Limited will be lifted immediately following the release of an announcement regarding a capital raising

09/06/2016

The company is pleased to announce that it is undertaking a capital raising to raise approximately $23 million before issue costs. The share issue comprises a Placement of $20 million to institutional investors, and an SPP offering to raise up to $3 million to existing shareholders.

09/06/2016

The securities of Altura Mining Limited ("Company") will be suspended from official quotation immediately, at the request of the Company, pending release of an announcement.

06/06/2016

The suspension of trading in the securities of Altura Mining Limited will be lifted immediately following the release of an announcement regarding a capital raising. ASX Code: AJM

23/04/2015

The securities of Altura Mining Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: AJM

22/04/2015

name changed from Haddington Resources Limited

08/12/2009

 

Click here for free access to this company's:
ASX, Legal & CGT Status

Your comments

Please read our Terms before viewing comments.

 

Company Updates

Post your comments here

Please read our Terms before posting comments.
OMISSIONS
    You can post a comment here about this company

    Please click in the "I'm not a robot" box and enter the word/figures you see in the image that then appears.

    loading Posting your comments. Please wait...

     


     

    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    26/11/2019Beng Kuan61,537$0.059$3,631
    27/02/2019James Brown-1,200,000$0.140$168,000
    09/10/2017Dan O'Neill-900,000$0.281$252,450
    17/06/2016Dan O'Neill-100,000$0.215$21,500
    21/06/2013James Brown276,038$0.093$25,566

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    James BrownManaging Director, CEO21/09/2010
    Phil RobinsonCOO22/02/2019
    Dan O'NeillNon Exec Director18/12/2008
    Allan BucklerNon Exec Director18/12/2008
    Beng KuanNon Exec Director28/11/2007
    Paul MantellExecutive Director, CFO02/02/2009
    Xiaoyu DaiDirector10/09/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Zhao TongNon Exec Director07/03/201718/04/2019
    Chris EvansCOO21/09/201724/01/2019
    John CaldonNon Exec Chairman18/12/2008
    Colin McCavanaManaging Director18/12/2008
    Clair MedhurstNon Exec Director18/12/2008
    Dennis O'NeillNon Exec Director20/06/200618/12/2008
    David MasonOperations Director 28/11/2008
    James PearsonNon Exec Director30/10/2007
    John TarrantNon Exec Director28/11/2005
    Jacqueline TuckerNon Exec Director21/05/2002

    Date of first appointment, title may have changed.