is vanmag a producing mine?, page-3

25 September 2009

Sale of Vanmag Interest
As previously announced, Continental has entered into a sales agreement in respect of the disposal of its interest in the Vanmag Iron Ore Project in South Africa for US$10m.
The US$1m deposit has now gone non refundable, with settlement scheduled to occur during October 2009 following the issuing of the new order mining right (the project had an old order mining right which was submitted for conversion in April this year).


LOL