The West

Altona s Kylylahti underground decline mine is part of its broader Outokumpu copper project which will be sold off.
Altona's Kylylahti underground decline mine is part of its broader Outokumpu copper project which will be sold off.

UPDATE 2.25pm: Shares in Altona Mining soared after the copper miner sold its Finnish operations and promised a big one-off payout to shareholders.

The company has agreed to sell its Finish operations and exploration assets to Boliden Mineral AB for $US100 million ($A108.20 million).

As a result, Altona shareholders will receive a 15-cents-per-share cash payment, which is just below the company's 17 cent share price, as a result of the sale.

Altona shares surged 4.5 cents, or 26.47 per cent, to 21.5 cents at the close of trade.

The West Australian

Latest News From The West

The victim of the Carlisle siege is suing the estate of the man who took her hostage at knife-point in a bid to get compensation for the permanent injuries she suffered during the deadly police …

Qantas and the operators of Perth Airport are poised to strike a deal within days to allow the first non-stop flights from Australia to Europe through the airline’s domestic terminal.

Popular videos