ESG

PhosCo plunges on rejection of mining lease application

SHARES in PhosCo fell nearly 35% yesterday after the Tunisian government did not approve the company’s mining concession application for the Chaketma phosphate project.

Chaketma in Tunisia

Chaketma in Tunisia

The company's 50.99%-owned subsidiary CPSA lodged the application in September and on December 19, received a letter from the minister of industry, mines and energy dated December 7 notifying it of the...

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