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Legend seals deal for phosphate mine

18 November 2009 | by Michael Mills

http://www.miningaustralia.com.au/Article/Legend-seals-deal-for-phosphate-mine/505776.aspx

Legend International Holdings yesterday announced an alliance with Chinese fertiliser producer Wengfu to build a phosphate mine at its Georgina Basin project near Mt Isa, Queensland.

The company is also planning to build a beneficiation plant and a phosphoric acid plant on the site.

The two companies will together initially to carry out a feasibility study for mining and beneficiation.

Pending positive results, Wengfu and Legend will also investigate phosphoric acid manufacturing to produce specialty phosphate products.

After the completion of the studies, Wengfu will become an equity partner with Legend.

According to Legend, the Chinese producer’s experience in all aspects of phosphate rock mining, beneficiation, acid production and specialty phosphate chemical production will ensure the project is successful.

Wengfu is the one of the largest phosphate fertiliser producers in China, with two mines and several beneficiation, fertiliser and chemical plants.

The company produces over 2.5 million tonnes of finished fertiliser products per annum.