Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has been advised that the German government inter-ministerial committee has reached a positive decision on its application for project finance export credit cover.
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 Ltd (ASX:ATC) provides the latest Corporate Presentation.
Altech Chemicals Ltd (ASX:ATC) provides Corporate Presentation at 121 Mining Investment, London.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Presentation at Low Emission Technology Minerals Conference.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that the board of German engineering firm SMS group GmbH has approved an additional equity investment of US$ 11 million in Altech. SMS is the lead engineering, procurement and construction contractor of the consortium appointed for construction of Altech's proposed Malaysian high purity alumina plant.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Corporate Presentation at International Metals Conference.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Annual Report to shareholders.
Altech Chemicals Ltd (ASX:ATC) provides the Company's Quarterly Activities & Cash Flow Report.
FINANCE VIDEO: Altech Chemicals Ltd (ASX:ATC) Final Investment Decision Study Followed by Successful $17m Raising
Altech Chemicals Ltd (ASX:ATC) has announced the results of a Final Investment Decision Study (FIDS) for the development of a 4,500-tpa, High Purity Alumina (HPA) operation. This preceded the company's announcement of a successful AU$17 million capital-raising. Highlights of both announcements include the following.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has received commitments to raise $17.2 million (before costs) through the placement of ~122.9 million fully paid ordinary shares at an issue price of $0.14 per share to continue the development of its high purity alumina project.