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Galileo receives first proceeds from Glenover sale

Creamer Media Online Writer
London-listed mining development Galileo Resources has received R50-million, or £2.4-million, in respect of the Glenover unconditional asset sale between Glenover Phosphate and JSE-listed Afrimat. The company has also received royalties of $118 000, or £86 000, due under a Star Zinc sale agreement, from the first three shipments having been made.

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