22 Nov 2012

Loss reported by phosphate company

12:45 pm on 22 November 2012

Chatham Rock Phosphate has recorded a loss of $870,000 in the six months to September, a threefold increase compared with the same period a year ago.

The company is seeking consent to mine phosphate on the seafloor on the Chatham Rise east of New Zealand, for use as a fertiliser.