mining mirror may 2013

Date of this article is 9th May, which is still relatively new, considering comments being made about final meetings etc after the fact.

http://www.myvirtualpaper.com/doc/brookepattrick/mining_mirror_may_2013/2013050901/62.html#62

The Ministry for Mining and Energy in Togo, west Africa, has invited Australian company Balamara Resources to attend a final stage meeting as part of its bid to secure the Togo carbonated phosphate project as part of an international consortium. Balamara lodged its final tender documents with the government of Togo on January 17 2013. According to the company the meeting is one of the final steps in determining the award of the project. Following these meetings, final positions will be officially presented and the governement of Togo will then select its preferred partner to develop the project. Balamara has assembled a strong consortium of partned for the tender process, including one of the largest investment banks in the world. The Togo project is a significant phosphate asset which has been extensively drilled by the French technical agency BRGM in the past. It is shallow and therefore considered relatively easy to mine. Perhaps most importantly of all, it is located only 30km from an existing port facility with infrastructure in place.