Brief: Phosco Says Chaketma Phosphate Project Did Not Get Nod For A Mining Concession

Phosco

03/01/2023 08:24

Jan 3 (Reuters) - PhosCo Ltd  PHO.AX :
    * CHAKETMA PHOSPHATE PROJECT LOCATED IN TUNISIA DID NOT
RECEIVE
APPROVAL FOR A MINING CONCESSION FROM MINISTER
    * ADVISED BY SPECIALIST TUNISIAN LAWYERS THAT IT HAS STRONG
GROUNDS TO SEEK REVERSAL OF MINISTER'S DECISION
    * WILL ENGAGE WITH MINISTER TO TAKE INTO ACCOUNT PHOSCO'S
VARIOUS
OPTIONS TO ACQUIRE REMAINING MINORITY INTEREST IN PROJECT

Source text for Eikon:  ID:nASX3pVWX6 
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 ((Reuters.Briefs@thomsonreuters.com;))