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Black Mountain abandons treasure for phosphate

BLACK Mountain Resources has scrapped plans to explore for treasure in shipwrecks to instead acquire a producing African vermiculite mine and phosphate project.

Kristie Batten
Black Mountain abandons treasure for phosphate

The company has signed a deal with African Phosphate to acquire 100% of Namakera Mining Company, operator of the Namakera vermiculite mine and Busumbu phosphate project in Uganda. Namakera, a former...

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