In February 2015, the company's joint venture partner Tunisian Mining Services illegally transferred away Celamin's majority interest in the joint venture company Chaketma Phosphate SA (CPSA). Celamin is still pursuing $6.7 million in costs and damages from Tunisian Mining Services and will continue processes to recover the funds. We are very excited to be re-starting work on what is a world-class fertilizer project in Tunisia," he said. Following the review, the company will embark on work to deliver a pre-feasibility study for the phosphate project. Shares in Celamin have been trading 25 per cent higher for 10.5 cents at 1:50 pm AEDT.

Source: The North Africa Journal November 13, 2020 03:56 UTC