The company and Banco Angolano de Investimentos, S.A. (Banco BAI), Angola’s largest commercial bank, signed a final term sheet in relation to a US$12 million term loan.
The project would produce an annual average of 900 000 t of beneficiated phosphate concentrate at 40% P2O5 content and 380 000 t of magnetite at 92% Fe2O3 content over a 23-year mine life.
Minbos Resources reports that initial site reconnaissance underway with mobilisation to site this month.
In addition, First Phosphate selected Ballestra S.pA. of Milan, Italy, from a group of official permanent licensees from Prayon, to ensure the service agreement (AS) for the portion of engineering services (FEED and EPC/EPCM) of the project.
The DOC increased the tariff rate for Moroccan phosphate fertilizers imported into the US from a preliminary rate of 14.21% to 16.81%.
The recovery efforts post Hurricanes Milton and Helene have progressed well with all Florida production facilities having returned to normal operations except Riverview.
The Mosaic Company has provided an update on the impact of the recent hurricanes on North American phosphate operations.
The proceeds received from the financing will be used to advance the company’s work on the downstream facility.
The Mosaic Company (Mosaic) says early assessments show limited damage was sustained across the facilities.
The Mosaic Company has provided updates on potash and phosphate operations.
IFC and OCP Group launch project to address water shortage in Morocco and food insecurity in Africa.
Fox River has announced the addition of phosphate to Canada’s 2024 Critical Minerals List.
Anglo American has agreed to a polyhalite fertilizer partnership with Chinese market leaders.
The company commissioned a PFS to consider the viability of constructing a purified phosphoric acid (PPA) plant in the Saguenay region of Quebec.
Three minerals, namely high-purity iron, phosphorous and silicon metal, have been added to the list, now totalling 34 critical minerals.