Agreement with Coromandel Fertilisers Limited

    RNS Number : 2006K
  Union Resources Limited
  16 December 2008
   

    Union Resources Limited

    Agreement with Coromandel Fertilisers Limited

    As previously announced, Union Resources Limited ("Union"), Bonaparte Diamond Mines NL ("Bonaparte") and Namibian company Tungeni
Investments cc have entered into a joint venture to develop their respective Sandpiper and Meob marine phosphate projects off the coast of
Namibia ('the JV"). 

    Union is pleased to announce that it has entered into an agreement ("the Agreement") with Coromandel Fertilisers Limited ("Coromandel")
of India.  Coromandel manufactures a wide range of fertilisers. It markets around 2.5 million tonnes of phosphatic fertilisers per annum,
making it the second largest producer of phosphatic fertiliser in India. 

    Under the agreement Coromandel will undertake testing of marine phosphate from the Sandpiper/Meob JV area in order to confirm the
quality and suitability of the rock phosphate; 

    Union's Managing Director Frank Reid said: "We are delighted to be progressing discussions with Coromandel on behalf of the JV as part
of our programme to fast track the development of our Sandpiper/Meob project."

    For further information:

    Dr Frank Reid
    Managing Director
    Union Resources Limited

 For further information contact:

 Enquires to:
 Australia:                  Union Resources Limited 
                             Dr Frank Reid - Managing Director
                             Phone: [phone]

 London:                     Hanson Westhouse Limited 
                             Bill Staple or Martin Davison 
                             0207 7601 6100  

                             Bankside Consultants
                             Simon Rothschild / Louise Mason
                             0207 367 8888


This information is provided by RNS
The company news service from the London Stock Exchange
 
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