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Pima takes full control of SAMAG

PIMA Mining has reached a deal to acquire the remaining 20% interest in the South Australian Magnesium Project from Resource Finance Corporation.

MiningNews.Net

The deal will see the company attain 100% of SAMAG, which Pima forecasts could produce 115 million pounds of magnesium annually at a low average cash operating cost of less than US60c/lb. The Sydney-based...

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