Australian Potash advancing offtake agreement with Redox
The two companies signed an offtake agreement for the supply of 20 000 tpy of K-Brite sulfate of potash from the Lake Wells project earlier this month.
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The two companies signed an offtake agreement for the supply of 20 000 tpy of K-Brite sulfate of potash from the Lake Wells project earlier this month.
The Woodsmith polyhalite project in North Yorkshire, UK, has substantially reduced the number of people on its construction sites.
The company has said the 21-day national lockdown in South Africa does not currently affect the timetable of the Elandsfontein phosphate project.
The company is taking steps, such as ensuring proper stocks of critical raw materials, to ensure they remain open.
At 31 December 2019, the company had cash of CAN$7.5 million, a positive working capital of CAN$7.2 million, and no debt.
The company's net profit increased by 80% to US$383 million, from US$212 million in 2018.
Progress on finalising the project's feasibility study is continuing.
The company is currently in the development phase of the project Lac à Paul phosphate mine, in the Saguenay — Lac-Saint-Jean region, in Quebec, Canada.
The appeal hearing against the Elandsfontein project's valid integrated water use licence, which was due to reconvene on 16 March 2020, has been postponed.
The project is located in the East Pilbara region of Western Australia.
The idling of Itafos' Brazil-based phosphate fertilizer business is in response to the continued downward pressure on global fertilizer prices.
The bucket elevators will be used for handling mono-ammonium phosphate and di-ammonium phosphate.