Altona revealed it had signed amemorandum of understanding with British Virgin Islands-based companySino-Aus Energy Group and Wintask Group, which holds a 29.04% stakein Altona.
It said the MoU laid out the terms forSino-Aus and Wintask to invest 300 million yuan ($49.5 million) inAltona and the coal-to-liquids and coal-to-methanol Arkaringaproject as well as to fund the bankable feasability study (BFS) forthe project.
“Therecently
