Alistair Cowden

Altona Mining says it is considering the sale of its Roseby copper project in Queensland, after reporting its first full-year profit on the back of starting production at its Outokumpu gold operation in Finland.

Altona Mining is the latest Perth company to receive a first strike from shareholders against its remuneration report.

Tight conditions in the mining services sector and a lower Australian dollar have paid dividends for Altona Mining, which has announced a solid increase in net present value and lower revised capital costs at its Little Eva copper project in Queensland.

Altona Mining has signed a joint venture agreement with a Chinese construction group for its Cloncurry copper-gold project in Queensland, with the partner to contribute $US214.5 million ($A278.1m) towards the project.

Perth-based Altona Mining has finalised terms for a joint venture arrangement at its Cloncurry copper-gold project in Queensland, with the partner to contribute $US213.5 million ($A295 million) to acquire a majority stake.

Perth-based Altona Mining has negotiated a scrip-based takeover deal that will see the aspiring copper miner bought by Canada's Copper Mountain Mining but its shares remain well short of the 17 cents valuation of the takeover scheme.

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Steve Carolan, founder and non-executive director of CV Check, will be stepping down from the company at the end of May, in an effort to reduce costs and size of the board during this COVID-19 pandemic.

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