PhosCo Ltd (AU:PHO) has released an update.
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PhosCo Ltd has achieved a pivotal milestone with the approval of its Sekarna Phosphate Project in Tunisia by the Ministry of Industry, Energy and Mines, marking the first time a phosphate project fully owned by a foreign entity has been approved in the country. The project, which is a significant addition to PhosCo’s strategic portfolio in Tunisia’s Northern Phosphate Basin, awaits final approval from the Ministry of National Defence before official gazetting can occur, allowing operations to commence. This development not only enhances PhosCo’s mineral sector presence in Tunisia but also promises to create value for shareholders and contribute to the local economy.
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