Altona Rare Earths plc (formerly Altona Energy) has appointed Simon Tucker as non-executive director. Simon Tucker, aged 50, is an international businessman currently chief executive of AIM-listed SRT Marine Systems plc, chairman of Tan Delta Systems Ltd and an investor / shareholder in various other early and mid-stage private companies. He has been a director […]
Tag: Altona Rare Earths plc
Altona appoints Audrey Mothupi as NED
Altona Rare Earths plc (formerly Altona Energy) has appointed Audrey Mothupi as a board non-executive director. Ms Mothupi is chief executive of South African-based SystemicLogic Group, a global financial innovation, data and technology disruptor, specialising in emergent business models. Prior to joining SystemicLogic, she was head of inclusive banking at Standard Bank Group, where her division […]
Altona new name reflects focus on minerals
Altona Energy plc announced it was changing its name to Altona Rare Earths plc to reflect its new project interest. The mining exploration company was previously engaged in coal in Australia but during 2020 its focus moved to rare earth elements in eastern Africa. The company is also in the process of creating a new […]
Altona raises new funds after £11m impairment
Altona Energy plc recorded £11 million impairment of historic Australian coal assets as the company continues its transformation into an African-focused rare earths miner. For the year ended 30 June 2020, Altona reduced loss before taxation to £228,000 compared with £11.6m during 2019. The impairment of the intangible assets of £11,033,000 was due to Altona […]