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Minemakers sells Sandpiper

MINEMAKERS has sold its 42.5% interest in the Sandpiper marine phosphate project in Namibia to Mawarid Mining for $A25 million, resolving a long-running battle with joint venture partner UCL Resources.

Brooke Showers
Minemakers sells Sandpiper

It has done this so it can focus on the Wonarah phosphate project in the Northern Territory. Under the terms of the share sale agreement, Mawarid will acquire 100% of the shares in Minemakers Mauritius...

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