Amazon: Unfavourable Ruling in Discontinued Property Dispute
Investing News Network - April 1st, 2010
Amazon Mining Holding Plc (TSX VENTURE:AMZ) reported that the company has lost arbitrations in respect to the Tocantins and the Terra Branca projects.
Amazon Mining Holding Plc (TSX VENTURE:AMZ) reported that the company has lost arbitrations in respect to the Tocantins and the Terra Branca projects.
The press release is quoted as saying:
Amazon Mining is a mineral exploration and development company founded by Brazilians in 2005. The company is focused on the development of Cerrado Verde project. Cerrado Verde is source of a potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product.