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Legend International Holdings, Inc. LGDIQ

Metals & Mining Industrial Metals & Minerals
"Legend International Holdings is an exploration stage company. The Company is engaged in the process of refining engineering requirements and gaining the remaining approvals required for construction and mineral extraction."


GREY:LGDIQ - Post by User

Legend International Holdings, Inc.
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Post by anapolacon Mar 17, 2008 7:29am
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Post# 14731223

News

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Legend International Holdings Announces Significant Increase in Phosphate Moroccan Export Prices to US$350-400 Per Tonne FOB
Monday March 17, 1:41 am ET

MELBOURNE, Australia--(BUSINESS WIRE)--Legend International Holdings, Inc(OTCBB:LGDI - News) (a Delaware Corporation) with phosphate projects in the State of Queensland, Australia, reports that the rock phosphate Moroccan export price has increased to US$350-400 per tonne FOB.


Official sources have indicated that OCP Morocco is commencing to settle sales for the second quarter of 2008 at prices of US$350 to US$400 FOB. This is an increase of approximately 100% over the prices for the first quarter of 2008.

Legend’s phosphate interests in the Georgina Basin in Queensland include Lady Annie, Lady Jane, D-Tree and Thorntonia, which have historical phosphate deposits 1463 million tonnes at a grade of 16.52% P2O5. Further details are contained on our website at www.lgdi.net.

Legend is on track to develop these deposits and become a substantial exporter of phosphate.

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