Altura confirms takeover talks

Altura Mining (AU:AJM) has confirmed it is in takeover talks with its equal-largest shareholder Shaanxi J&R Optimum Energy Co (CH:300116).

Commissioning of the crushing circuit at Pilgangoora is expected to get underway this month

The company said it had become aware of market speculation, and confirmed it had been in talks over a possible change of control transaction.

Shaanxi J&R holds 16.

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