Indian media jumps the gun

PHOSPHATE explorer Minemakers has hosed down Indian news reports it has agreed to sell its Northern Territory rock phosphate reserves to India’s state-owned National Mineral Development Corporation.

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Last week India’s Business Standard said NMDC was set to buy Minemakers’ Wonarah rock phosphate reserves for about $A15 million and quoted NMDC chairman NK Nanda as saying that “NMDC will complete the

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