Alliance Mineral Assets (AMA)

Alliance Mineral shareholders voted for Tawana acquisition, non-executive remuneration, dual listing
SINGAPORE (Sept 24): Alliance Mineral today announced the results of its extraordinary general meeting (EGM), which was held on Friday, Sept 21. During the EGM, shareholders voted for the group’s acquisition of Tawana Resources. A majority of 99.53% voted in favour of the resolution, representing about 342.7 million shares out of a total 344.3 millions shares. See: Alliance Mineral Assets ...
Alliance Mineral Assets shares edge lower on share compensation announcement
SINGAPORE (Apr 17): Shares in Alliance Mineral Assets edged lower this morning after announcing on Monday night it plans to issue 13.25 million new shares valued at nearly $4.9 million to certain directors and executives including former CEO Tjandra Pramoko and wife and executive director Suen Sze Man who were both asked to step down earlier. The value of the shares was based on last Friday's ...
Alliance Mineral Assets CEO Pramoko finally settles debt to Lim
SINGAPORE (Jan 18): A long-running dispute between the CEO of Alliance Mineral Assets, Tjandra Pramoko, and his one-time business partner, Jonathan Lim Keng Hock, appears to be settled. On Thursday night, AMA announced in a filing that all of Pramoko’s debt to Lim has been fully repaid, and a tranche of nearly 46.1 million shares owned by the CEO but seized on court order, has been ...
Alliance Mineral Assets is set to ride the electric vehicle boom but will acrimony among key shareholders put the brakes on growth?
SINGAPORE (Nov 3): As electric vehicles are gaining popularity in the market, prices of cobalt and lithium, rare-metal commodities used to make rechargeable batteries, have been driven up. Alliance Mineral Assets (AMA) is one local mining company that could benefit from this boom. The bad news is that a still-unresolved dispute resulted in big changes in its ownership structure over the ...
Alliance Mineral Assets now says ‘married deal’ was ‘settlement agreement’
SINGAPORE (July 11): Alliance Mineral Assets on Monday night released more details regarding the “married deal” described in its change in interest announcement which was filed on June 17. AMA says the 46.07 million of the company’s shares transferred to Grande Pacific by Living Waters Mining Australia (LWMA) on June 16 was made under a settlement agreement. LWMA is an entity used by ...
Alliance Mineral Assets CEO’s shares seized on court order as part of claim by Jonathan Lim Keng Hock
SINGAPORE (July 10): Shares amounting to a 15% stake in Alliance Mineral Assets (AMA), whose deemed owners are CEO Tjandra Pramoko and his wife Suen Sze Man, had been seized on June 30 on a Singapore court order, said the company on Monday before the market opening. According to court documents, these 72.3 million shares were seized as part of a claim made by Singapore businessman Jonathan Lim ...
Thinking of investing in lithium and tantalum mines? This stock should pique your interest
SINGAPORE (Feb 24): Alliance Mineral Assets (AMA) has seen heavy trading since announcing on Feb 13 that it could be in business by year-end. The Catalist-listed lithium and tantalum miner has confirmed the presence of high-quality grades of lithium at unusually high concentration levels of 7.1% at its Bald Hill Project near Perth in Western Australia. AMA CEO Tjandra Pramoko and his wife, ...
Alliance Mineral Assets hits lithium jackpot
SINGAPORE (Sept 23): When Alliance Mineral Assets (AMA) began production for tantalum last December, just over a year after listing, prices of the rare metal used in mobile phone electronic components were close to US$100 a pound ($1,357). It also had an offtake agreement with Mitsubishi Corp, one of the largest Japanese trading houses. But this April, the price of tantalite, from which ...
AMA forms joint venture to produce lithium after tantalum prices collapse
When Perth-based Alliance Mineral Assets (AMA) listed on Catalist in July 2014, it was focused on mining for tantalum, a rare metal used to produce electronic components found in devices such as mobile phones. But the price of tantalum fell sharply early this year, forcing the company to scale back its operations. Now, it claims to have found signi ficant deposits of lithium at its mining tene ...