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Ovation Capital funds phosphate mine development in Western Cape

South African-based investment firm Ovation Capital has inked a deal with Montero Mining and Exploration to fund the development of Montero’s phosphate rock projects in the Western Cape. Ovation will fund pre-feasibility and bankable feasibility studies for an integrated fertilizer plant close to Montero’s projects, earning a 30% interest in the holding company once the studies are completed.

Read more at Yahoo!…

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