Project news

African Export-Import Bank and Africa Finance Corp. will act as the mandated lead arrangers.

IFFCO, the Indian fertilizer producer and marketer, has signed off the official acceptance certificate of a revamping project involving 13 fertilizer plants.

The urea ammonium sulphate facility at the Novomoskovskiy Azot plant is projected to reach a final production capacity of 600 tpd.

The project was completed last month at the Acron Group site in Veliky Novgorod, Russia.

The company has received a non-binding indicative term sheet for a long-term concessional debt facility from the Northern Australia Infrastructure Facility of up to AUS$160 million.

The granulation plant is to be built in Velikiy Novgorod in Russia.

Once the project is approved, its estimated capital cost is CAN$4.3 billion.

The company believes there is potential to increase the sylvinite deposits at Sintoukola to between 1.5 and 1.9 billion t.

With granted mining leases in place, the Lake Wells sulphate of potash project in Western Australia is targeting the production of 150 000 tpy through an initial Stage-1 development, rising to 300 000 tpy on development of Stage-2.

The programme will add to the company’s growing local workforce, which is expected to reach 1000 jobs at full production.

The cargo has been requested for delivery to Gresik port in Indonesia over 25 – 27 December.

The sales and purchase agreement is for approximately 125 TJ of gas per day.

EuroChem Group AG, a leading global fertilizer producer, and Belgium-based biotechnology company Aphea.Bio announce the signing of a research and development agreement.

The new development is for the mining of the world’s largest polyhalite fertilizer deposit.

Swiss fertilizer producer EuroChem said it would produce less potash this year than originally projected and would delay the launch of its VolgaKaliy plant to the 1H19, making its entry into the Russian potash market a gradual one.