CI Resources will investigate new investment opportunities in the palm oil, phosphate and fertiliser industries, following its compulsory acquisition of all remaining shares in Phosphate Resources.
Christmas Island miner Phosphate Resources says it will not support a proposed merger with shareholder CI Resources, which also wants to incrementally lift its stake in the unlisted public company.
Phosphate Resources has warned it may incur some losses in some of the remaining months of this financial year, as it reports a profit before tax of over $62 million.
Phosphate Resources will shutdown its Christmas Island operations for more than six weeks over the the New Year due to a lack of demand from its Malaysian and Indonesia markets.
The once hot commodity, phosphate, appears to be affected by the global meltdown with miner Phosphate Resources Ltd today saying it has had a "sharp and marked" slowdown in demand from its Asian markets.
Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
Investors trying to pick the next big thing in the resources boom poured their money into a diverse group of Western Australian companies last year, including iron ore, coal and phosphate stocks.
THE Clive Brown-chaired Phosphate Resources Ltd has taken court action against the federal government as it seeks to overturn a ban on the expansion of phosphate mining on Christmas Island.
The extraordinary saga surrounding Christmas Island mining company Phosphate Resources Ltd has taken a surprising new twist, with Perth mining executive Mark Caruso failing to secure a board seat.
THE long-running bid by CI Resources Ltd for unlisted Christmas Island phosphate miner Phosphate Resources Ltd has hit a major hurdle, failing to win Federal Court approval for its proposed scheme
The long-running bid by CI Resources Ltd for unlisted Christmas Island phosphate miner Phosphate Resources Ltd has hit a major hurdle, failing to win Federal Court approval for its proposed scheme of arrangement.
Unlisted public company Phosphate Resources Limited could soon be heading to the Australian Stock Exchange through a merger plan with its listed takeover suitor Asset Backed Holdings Limited.
Two key figures from the WA Inc. days, Kevin Edwards and Tony Lloyd, have surfaced at the heart of the deal that led to its largest shareholder Asset Backed Holdings’ takeover bid for Christmas Island miner Phosphate Resources Limited.
DESPITE an incorrectly worded shareholder request, an extraordinary meeting of Christmas Island phosphate miner Phosphate Resources Limited shareholders is expected to be held in March.
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