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PhosCo Ltd ( (AU:PHO) ) just unveiled an announcement.
PhosCo Ltd and its subsidiary Celamin Pty Ltd are facing arbitration requests from Tunisian Mining Services SARL concerning the Chaketma Phosphates SA joint venture. PhosCo disputes the allegations and plans to defend its position while seeking payment for damages from a previous arbitration. The company has terminated the joint venture due to TMS’s non-performance and breaches, and it is prepared to take decisive action against TMS’s attempts to hinder its projects.
More about PhosCo Ltd
PhosCo Ltd is a company involved in the mining industry, primarily focusing on phosphate products. It operates through its subsidiary Celamin Pty Ltd and is engaged in joint ventures such as the Chaketma Phosphates SA.
Average Trading Volume: 217,942
Technical Sentiment Signal: Sell
Current Market Cap: A$27.61M
Learn more about PHO stock on TipRanks’ Stock Analysis page.