The PEA provides a potentially viable case for developing the property by open pit mining for the primary production of a phosphate concentrate and secondary recovery of magnetite concentrate.
This successful logistics operation at the seaport has also created opportunities to diversify supply routes for this essential fertilizer raw material.
The transaction is subject to regulatory approvals, including approval by the Brazilian Administrative Council for Economic Defence (CADE), and other conditions precedents.
Arianne Phosphate, a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region, has provided a review of 2024 and discusses its corporate priorities in 2025.
Fox River Resources Corp. (Fox River) has announced that the company is collaborating with CanmetMINING on two laboratory research projects.
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.