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Deal for Cloncurry DCP/MCP plant development
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Deal for Cloncurry DCP/MCP plant development
Korella North phosphate project owner Chatham Rock Phosphate has announced a $1.4 million deal to sell its Australian business to Melbourne-based Austure Industries. Austure has developed novel technology for manufacturing dicalcium phosphate and monocalcium phosphate (DCP/MCP). Chatham said the $1.4 million consideration for its Avenir Makatea subsidiary would include $900,000 in cash over a 24-month period and a 20 per cent shareholding in a D…
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