Deep-sea phosphate miner CRP on track for final investment decision this year

Tue, 21 May 2013

By Pattrick Smellie May 21 (BusinessDesk) - Independent research commissioned by would-be undersea phosphate miner Chatham Rock Phosphate has raised the company's share price to a target value of $2 from $1.87 last September as the timetable firms for mining from early 2015. The latest analysis from Edison Investment Research suggests CRP is overcoming technical hurdles, its dredging partner may be able to retro-fit an existing ship with deep-sea dredging technology, and environmental and regulatory factors are now a greater concern than the...

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