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

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