Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that it has now finalised the design for the upgrade in capacity of its proposed Malaysian high purity alumina plant from 4,000 to 4,500 tonnes per annum.
Altech Chemicals Ltd
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.
Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has exercised its option to purchase the ~94 hectares of land at Meckering, Western Australia within which its granted and fully permitted kaolin mining lease M70/1334 lies.
Altech Chemicals (ASX:ATC) (FRA:A3Y) is at an advanced stage of development for their High Purity Alumina (HPA) Project, which upon construction will be the first fully integrated HPA processing operation globally. Altech recently provided an update regarding the project's development.
The principal activities of Altech Chemicals Ltd (ASX:ATC) during the financial year were the continuation of its efforts to secure senior debt project financing for its proposed Malaysian high purity alumina (HPA) plant and associated kaolin (aluminous clay) mine at Meckering, Western Australia
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that a target date of 14 December 2017 has been set for decision making for the offer of cover by the German government inter-ministerial committee, of the application for export credit project finance cover.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise the launch of a German-language version of its website www.altechchemicals.com
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that its works approval application for a screening and loading facility at the Company's Meckering kaolin deposit (M70/1334) was granted by the Western Australia Department of Water and Environmental Regulation on 25 August 2017.
Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) advises that as of Monday, 7 August 2017, the Company has changed its provider for shareholder registry services from Security Transfer Australia Pty Ltd to Automic Registry Services.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Quarterly Activities & Cash Flow Report for the period ending 30 June, 2017.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on the transition of engineering, procurement and construction for its proposed Malaysian high purity alumina plant, from the previously appointed EPC contractor to German engineering firm SMS group GmbH.