Hubei phosphate licences transferred

摘要

THE Central Ministry of Land and Resources (MOLAR) in Beijing has formally approved the transfer of the mining licences for the Shukongping and Dianzip-ing phosphate deposits in Hubei Province from Spur Ventures' joint venture partner, Hubei Yichang Phosphate Chemical Company (YPCC) to Yichang Maple Leaf Chemicals (YMC). The legality of YMC finally owning the two licences backed by security of the title issued by MOLAR result in YMC having a tangible and valuable asset in a country where high quality, large-scale phosphate mines are in short supply.