New Zealand's Chatham Rock Phosphate climbs on Australian mine acquisition

Chatham Rock Phosphate

15/10/2021 03:13

** Shares of Chatham Rock Phosphate  CRP.NZ  jump as much as
8.3% to NZ$0.131, their highest since Sept. 30
    ** Phosphate supplier signs term sheet to acquire Korella
phosphate mine in Queensland, Australia for C$11.2 mln ($9.06
mln)  urn:newsml:reuters.com:*:nFWN2RA1OQ
    ** Says identified heavy rare earth elements such as
dysprosium and neodymium at Korella mine  urn:newsml:reuters.com:*:nNZS4hG2a
    ** Stock posts its biggest intraday pct gain since Oct. 5;
set for a weekly gain of 14.9%
    ** Stock had risen 21% this year, as of Thursday's close
    
($1 = 1.2367 Canadian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))