The latest announcement is out from Alara Resources Limited ( (AU:AUQ) ).
Alara Resources Limited has announced the arrival of two new tailings filter presses at its Al Wash-hi Majaza copper concentrate production plant in Oman. These presses, ordered from China, are intended to enhance production capacity following issues with the initial equipment. The installation and commissioning of the new presses are scheduled for completion by mid-May 2025, with necessary civil and structural works expected to be finished by mid-April 2025. This development is part of Alara’s strategy to optimize operations and ensure sustainable growth, potentially impacting its market position positively.
More about Alara Resources Limited
Alara Resources Limited is an Australian-based producer and explorer of base and precious metals, with a focus on operating the Al Wash-hi Majaza Copper-Gold mine and concentrate production facility in Oman. The company is also engaged in exploration activities across several projects in Oman, including the Daris JV, Al Hadeetha JV, Awtad Copper-Power Metal JV, and Al Hadeetha Mining LLC JV.
Average Trading Volume: 16,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €18.02M
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