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Business Description: Altona Mining Limited (AOH) is a minerals exploration, development and production company, focusing on copper. AOH has two main copper assets being Outokumpu Project in Finland and the Roseby Project in Queensland, Australia. In addition, AOH holds interests in nickel project located in Finland.
Strategy Analysis: Altona Mining Limited (AOH, formerly Universal Resources Limited) is a minerals exploration and development company. The Company’s two key assets are the Outokumpu Project in Finland and the Roseby Project in Queensland, Australia. The Company’s strategy focuses on ramping up and commissioning of the Outokumpu Copper Project in Finland with the first revenues received and a planned steady state production is 8,000tpa copper, 8,400ozs of gold and 1,600t of zinc. A definitive feasibility study is on-going for the 6Mtpa Little Eva copper-gold mine and, depending on the outcome of the study, will determine whether the project is progressed.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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