The Directors present their report on Altech Chemicals Ltd (ASX:ATC) for the half-year ended 31 December 2016.
Altech Chemicals Ltd
Altech Chemicals Limited (ASX:ATC) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3). HPA is a high-value product because it is the major source material for scratch-resistant artificial sapphire glass. Sapphire glass is used to produce a range of high-performance electronic applications such as LEDs, semi-conductors, phosphor display screens, as well as new emerging products such as smartphones and tablet devices. The global HPA market is approximately 19,040tpa (2014) and is expected to at least double over the coming decade.
Altech Chemicals (ASX:ATC) advises that the Department of Mines and Petroleum (WA) has approved the mining proposal and the associated mine closure plan for its Meckering kaolin deposit. The mining approval marks an important stage in the development of the Company's proposed Meckering kaolin mine, which will provide feedstock for Altech's proposed Malaysian high purity alumina (HPA) plant.
Altech Chemicals Ltd (ASX:ATC) is pleased to advise that it has reached agreement with its appointed engineering, procurement and construction contractor M+W Group on a framework for a fixed price EPC contract for the construction of the Company's proposed Malaysian high purity alumina plant.
Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's latest Presentation titled "The CEO Sessions ASX Exchange Auditorium".
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to advise the initiation of coverage of the Company by The Sophisticated Investor (TSI) with the release of a research report.
Altech Chemicals Ltd (ASX:ATC) is at an advanced stage of development for its High Purity Alumina (HPA) Project, which upon construction will be the first fully integrated HPA processing operation.
Altech Chemicals Ltd (ASX:ATC) is pleased to provide an update on the due diligence activities associated with the financing of its proposed high purity alumina (HPA) project. The various independent reviews and associated confirmatory pilot plant test work are now well advanced and nearing completion.
Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's Quarterly Activities Report for the period ended 31 December, 2016.
Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's latest presentation titled "Institutional Investor Information Pack - 'Meeting a Sapphire Future'".
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to announce that the Company featured in a segment of "Your Money Your Call" on Sky News Money, which aired on 14 December 2016.