Feb 13 (Reuters) - Altona Mining Ltd AOH.AX
* Chinese regulator sasac approves cloncurry transaction
* Is anticipated that jvco will have us$238.53 million in cash at closing
* Jvco will own 100% of cloncurry project.
* Jvco intends to develop a 7 million tonne per annum mine and processing plant for an annual production of 39,000 tonnes copper and 17,000 ounces gold
* Altona will contribute us$25 million to jvco and Altona will own 34% of jvco
* On closing, SRIG will make a cash contribution of us$213.53 million to jvco and will own 66% of jvco
* SASAC has given srig approval to proceed with transaction with Altona to form an incorporated joint venture Source text for Eikon: ID:nASX8r6czh Further company coverage: AOH.AX