Tugaske project on course for financial close
Gensource Potash Corp. is confident that Tugaske will reach a financial close as forecast later this summer, despite the effects of Covid-19 and the associated market upheaval.
Gensource Potash Corp. is confident that Tugaske will reach a financial close as forecast later this summer, despite the effects of Covid-19 and the associated market upheaval.
In light of the rapid spread of Covid-19 and its significant impact on global financial markets, Tranche 2 of the Africa Finance Corp’s equity funding will be deferred to allow for the stabilisation of market and global conditions.
The two companies signed an offtake agreement for the supply of 20 000 tpy of K-Brite sulfate of potash from the Lake Wells project earlier this month.
The Woodsmith polyhalite project in North Yorkshire, UK, has substantially reduced the number of people on its construction sites.
The company has said the 21-day national lockdown in South Africa does not currently affect the timetable of the Elandsfontein phosphate project.
Progress on finalising the project's feasibility study is continuing.
Anglo American has now completed the acquisition of Sirius Minerals and its Woodsmith polyhalite project in North Yorkshire, UK.
The company will now focus on the San Jose lithium project in Spain.
Tecnimont S.p.A. has signed an EPC contract with GEMLIK GÜBRE SANAYII ANONIM SIRKETI for the implementation of a urea and UAN plant in Gemlik.
Highfield Resources submitted the documentation for its Muga potash project in Spain on 13 March 2020.
Agrimin Ltd. has received a tax refund of AUS$1.9 million under the Research and Development (R&D) Tax Incentive programme in relation to R&D expenditure incurred for the Mackay potash project.
The Colluli Mining Share Company has successfully executed EPCM Phase 1 of Project development and has now moved to Phase 2.
Investors in Sirius Minerals have voted in favour of approving a £405 million bid from Anglo American for the company.
A drainable inferred mineral resource of 6 Mt SOP at 5080mg/l sulfate of potash (SOP) has been estimated based on results from Trigg’s exploration drilling, auger sampling and historical drill traverses.
The drilling, coring, and assay work has resulted in an overall increase in the Measured and Indicated Resource in the Vanguard Area in south-central Saskatchewan, Canada.