Itafos's Board of Directors has appointed Dr. Mhamed Ibnabdeljalil as CEO, effective immediately.
The company priced the issue on 15 January and settlement is expected to take place on 23 January.
Samir Brikho has been appointed as Chairman of the Board of Directors.
More Phosphates news
Mosaic reported a net loss of US$44 million for 3Q19, and adjusted net earnings, after notable items, of US$29 million. The company reported diluted earnings per share (EPS) of negative US$0.11, and adjusted EPS of US$0.08.
Corrine Ricard has been named Senior Vice President – Brazil, while Rick McLellan has been named Senior Vice President – Commercial.
The report defined the Husky1/North Dry Ridge (H1/NDR) deposits in Idaho, US, as the company’s path forward for mine development.
Work on the study began in 3Q18 in partnership with the Government of New Brunswick, Canada, to examine the possibility of building a phosphoric acid plant at Belledune in New Brunswick.
The two companies agreed to evaluate opportunities to exchange information and technical expertise in order to increase the capacity of the South African company’s projects both in South Africa itself, including Elandsfontein, the country’s second largest phosphate deposit, and in the Republic of the Congo and Ghana.