Celamin Holdings hits 10-month high after assuming control of Tunisia project

Phosco

11/10/2021 05:26

** Shares of Celamin Holdings Ltd  CNL.AX  jump as much as
13.6% to A$0.100, their highest since November 2020
    ** Phosphate miner assumes https://www.asx.com.au/asxpdf/20211011/pdf/451hqdj5rnstzw.pdf
 operational and management control of the Chaketma project in
Tunisia with a 50.99% stake
    ** Stock posts its biggest intraday pct gain since Feb. 11
    ** CNL was embroiled in a legal battle with JV partner
Tunisian Mining Services over access to the project  urn:newsml:reuters.com:*:nL4N2G80M2
    ** Commences technical work; sees CNL's control of Tunisian
project to be accretive due to rising prices of rock phosphate 
    ** Announces Donald Thomson as country manager for Tunisia;
says Tim Markwell will be stepping down as interim CEO
    ** More than 189,900 shares change hands, 2.3 times the
30-day average volume of 84,100; Stock down 1.1% so far this
year

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