Great Quest Fertilizer Ltd has entered into partnership with Salam Mineau SARL to create a jointly owned and managed Malian mining and trucking company for the development of the Tilemsi phosphate deposit.
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"Great Quest Fertilizer Ltd and Salam Mineau form phosphate partnership "
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Great Quest has maintained a view that local partnership is an important part of the strategy for success in the dynamic geopolitical landscape of northern Mali. Ensuring the community we operate in has a vested interest in the success of our enterprise and the regular delivery of phosphate material.
The new Malian company to complete mining task on the Tilemsi mining permits, transport mine material to the planned beneficiation plant and transport enriched phosphate rock to the planned blending and granulation facility. The NewCo will have a 6 member board of directors, 4 appointed by Great Quest and 2 appointed by Salam Mineau. Great Quest will designate a Director General and Finance Director and Salam Mineau will designate the Director of Operations. Salam Mineau has an option to earn or purchase equity in NewCo up to 33%.
Read the article online at: https://www.worldfertilizer.com/phosphates/10052017/great-quest-fertilizer-ltd-and-salam-mineau-form-phosphate-partnership/