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Alliance Mineral Assets suspends trading pending announcement
CATALIST-LISTED miner Alliance Mineral Assets' trading halt has turned into a suspension pending the release of an announcement.
The company had sought a trading halt on Dec 21, pending an announcement in relation to its existing offtake agreements.
In October, Alliance Mineral Assets and its joint-venture partner Tawana Resources said they have agreed to sell 20 to 30 dry tonnes of high-grade tantalum concentrate from the Bald Hill mine in Australia to Germany-based HC Starck Tantalum and Niobium, and have been engaged for the long-term offtake of the high-grade tantalum concentrate production from Bald Hill.
The shares last traded at S$0.25 on Dec 20.