Agreement with Coromandel Fertilisers Limited
16 Décembre 2008 - 9:39AM
UK Regulatory
RNS Number : 2006K
Union Resources Limited
16 December 2008
Union Resources Limited
Agreement with Coromandel Fertilisers Limited
As previously announced, Union Resources Limited ("Union"), Bonaparte Diamond Mines NL ("Bonaparte") and Namibian company Tungeni
Investments cc have entered into a joint venture to develop their respective Sandpiper and Meob marine phosphate projects off the coast of
Namibia ('the JV").
Union is pleased to announce that it has entered into an agreement ("the Agreement") with Coromandel Fertilisers Limited ("Coromandel")
of India. Coromandel manufactures a wide range of fertilisers. It markets around 2.5 million tonnes of phosphatic fertilisers per annum,
making it the second largest producer of phosphatic fertiliser in India.
Under the agreement Coromandel will undertake testing of marine phosphate from the Sandpiper/Meob JV area in order to confirm the
quality and suitability of the rock phosphate;
Union's Managing Director Frank Reid said: "We are delighted to be progressing discussions with Coromandel on behalf of the JV as part
of our programme to fast track the development of our Sandpiper/Meob project."
For further information:
Dr Frank Reid
Managing Director
Union Resources Limited
For further information contact:
Enquires to:
Australia: Union Resources Limited
Dr Frank Reid - Managing Director
Phone: +61 07 3833 3833
London: Hanson Westhouse Limited
Bill Staple or Martin Davison
0207 7601 6100
Bankside Consultants
Simon Rothschild / Louise Mason
0207 367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
END
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