Chatham Rock among 15 companies given R&D grants by Callaghan Innovation

Wed, 10 Dec 2014

By Jonathan Underhill Dec. 10 (BusinessDesk) - Chatham Rock Phosphate, whose business case hangs on gaining a marine consent to mine phosphate nodules off the sea bed east of New Zealand, is among 15 companies to gain research and development grants from Callaghan Innovation. The NZAX-listed company has raised more than $33 million from shareholders over the past four years to fund its development, including bringing in dredging experts, building a business case and hiring experts for its consent hearings. With virtually no revenue until...

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