The company recorded a cash position of AUS$33.8 million as at 31 December 2019.
The latest fertilizer news
Gensource Potash Corp. is confident that Tugaske will reach a financial close as forecast later this summer, despite the effects of Covid-19 and the associated market upheaval.
In light of the rapid spread of Covid-19 and its significant impact on global financial markets, Tranche 2 of the Africa Finance Corp’s equity funding will be deferred to allow for the stabilisation of market and global conditions.
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 idling of Itafos' Brazil-based phosphate fertilizer business is in response to the continued downward pressure on global fertilizer prices.
Anglo American has now completed the acquisition of Sirius Minerals and its Woodsmith polyhalite project in North Yorkshire, UK.
CRU has also announced that its Nitrogen + Syngas USA Conference, which was due to be held in Tulsa, US, from 2 – 4 June, has been postponed to early 2021.