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Minemakers rockets on phosphate demand

SHARES in Minemakers soared as much as 96% yesterday after the junior explorer said the rapidly rising global demand for rock phosphate would favourably impact on the company’s Wonarah phosphate project in the Northern Territory, the largest known undeveloped rock phosphate deposit in Australia.

MiningNews.Net
Minemakers rockets on phosphate demand

The stock hit an intraday high of 51c before cooling to close the day at 48.5c with over 4.5 million shares changing hands. In an announcement, the company said the drive for biofuels production by...

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