Terramin Australia (ASX:TZN) said site activity preparation started at the Tala Hamza project following the Algerian Government's land acquisition, according to a Monday filing with the Australian bourse.
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Tala Hamza's operator, Western Mediterranean Zinc Spa, mobilized geotechnical drilling equipment on site after the signing of an engineering, procurement, and construction contract with Sinosteel Equipment & Engineering, the filing said.
Shares fell 10% in afternoon trade Tuesday.
Price (AUD): $0.09, Change: $-0.01, Percent Change: -10.00%
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