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Alara secures critical licences

SHARES in Alara Resources were up some 50% in morning trade as the company crowed it had secured all mining required approvals from Oman’s government for the Al Hadeetha copper project, as just as the red metal hit a three-week high amid supply concerns.

Haydn Black
Drilling in Oman.

Drilling in Oman.

While the company's share price remains substantially below the glory days of 2010 and 2012, shares in the company hit A3.2c this morning, valuing the company at $19.5 million, with the Al Hadeetha Resources...

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