Altech Chemicals Limited: Presentation, RIU Resources Round-Up Melbourne

Company Presentations

by Carolyn Herbert

Altech Chemicals Limited (ASX:ATC) Managing Director Iggy Tan said “Our vision is to be the largest producer of high purity alumina.
 
So what is high purity alumina? Sapphire and rubies are actually formed in Mother Nature under intense pressure and temperature and its formed from high purity alumina, much the same like diamond is formed from carbon..
 
Sapphire is nearly as hard as diamond. Its number 9 on the Mohs scale, compared to perfect 10 for diamonds. And virtually it’s un-scratchable. So the definition of high purity alumina is 99.99 percent..
 
The price of this high purity alumina, much like the silicon industry, is exponential as you go up in quality. For example, the smelter grade alumina is worth US$400 per tonne, 99.9 percent is worth US$6,000 per tonne. But our material at 99.99 percent is worth US$23,000 per tonne...”

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.