The agreement will allow for both the company and the port to finalise details surrounding the costs, construction and operations of the facility from which Arianne will be shipping its phosphate concentrate globally. The final agreement will cover the use of the facility for an initial period of 30 years, thereafter renewable twice for periods of 10 years.
“Like any globally traded commodity, transportation and logistics is a key element of success,” said Brian Ostroff, CEO of Arianne. “Once loaded on a ship our phosphate can be sent anywhere and, given the high purity of our concentrate, we will enjoy tremendous economies of scale. This agreement comes at a time when global demand for phosphate continues to rise driven by a greatly improved agricultural macro and growth in specialty applications such as Lithium Iron Phosphate (LFP) batteries for cars.”
Jean-Sébastien David, COO of the company added: “Our agreement comes after close cooperation with the port and local authorities as Arianne continued to optimise its transportation plan from mine to port. With a 50-year agreement, we will be in a strong position to supply our global customers from our long life-of-mine Lac à Paul project.”
Currently, the Port of Saguenay operates its facilities on the south shore of the Saguenay River and is a main commercial hub in the region, shipping and receiving a variety of goods year-round. As part of the agreement, Arianne will sell to the port a parcel of land on the north shore, thus allowing for construction of a loading facility that allows for easy access and serves as gateway to international commercial centres.
Read the latest issue of World Fertilizer in full for free: April 2021
The April issue of World Fertilizer begins with a regional report that examines the opportunities and challenges currently facing Latin America’s fertilizer industry. The remainder of the issue is dedicated to a range of technical articles covering ammonia, blending and bagging, plant design, fertilizer cargo measurement and fertilizer storage. Our World Review of fertilizer projects in Africa and the Middle East, Asia Pacific, Europe and CIS and the Americas rounds off the issue.
Read the article online at: https://www.worldfertilizer.com/phosphates/20042021/arianne-phosphate-signs-agreement-with-port-of-saguenay/
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