Media Coverage: Newcastle Herald - Newcastle-based company merges with Kiwi partner on Polynesian phosphate mining project

HUNTER coal industry veteran Colin Randall is a step closer to developing a phosphate mine on the French Polynesian atoll of Makatea, thanks to a merger of his company, Avenir Makatea Pt Ltd, with a listed New Zealand phosphate producer, Chatham Rock Phosphate Ltd.

Chatham announced the deal to the New Zealand stock exchange last week, describing it as a $1.5 million acquisition financed by the issue of new Chatham shares, with Avenir Makatea holding about 28 per cent of the new enlarged company.

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