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Altona Resources

  • BY: Andrew Hore |
  • POSTED: 19/08/2008 |

Altona Resources has signed a co-operation agreement with a subsidiary of China National Offshore Oil Corporation.

Altona is developing the Arckaringa coal-to-liquids and generation project in South Australia. The two partners will be involved in evaluating technology, off-take, financing and construction opportunities.

Altona shares rose 0.25p to 3.125p, valuing the company at £11.2m.

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