The factory is part of OCP’s push to step up investment in phosphates-based fertilizers in Africa.
The Northern Australia Facility loan from the government of Western Australia will assist in developing infrastructure for the company's sulfate of potash project at Beyondie.
The Yara Trinidad plant is one of the company's smallest ammonia plants, with an annual production capacity of approximately 270 000 t of ammonia.
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The mineral resource estimate now stands at 537 million t of potash with an average grade of 9.24% K2O.
The MoU for the project was signed by Uralchem and Angola’s Grupo Opaia SA on the sidelines of the Africa-Russia forum in Sochi, Russia.
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.
In order to make a FID, work on engineering to support project planning and on finalising the port solution is required, and the Board has approved US$144 million for these activities.