Chatham Rock, hoping for EPA ruling before Christmas, widens first-half loss

Wed, 26 Nov 2014

By Jonathan Underhill Nov. 27 (BusinessDesk) - Chatham Rock Phosphate, the company proposing to mine phosphate nodules from the seabed on the Chatham Rise, reported a near-tripling of its first-half loss as it spent more on exploration, sought a listing on London’s AIM market and applied for a marine consent. The loss widened to $1.87 million in the six months ended Sept. 30, from a loss of about $676,000 a year earlier, the Wellington-based company said in a statement. It had virtually no income to offset its $1.87 million of expenses fo...

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