Fertilizer project news

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.

At 31 December 2019, the company had cash of CAN$7.5 million, a positive working capital of CAN$7.2 million, and no debt.

Progress on finalising the project's feasibility study is continuing.

The appeal hearing against the Elandsfontein project's valid integrated water use licence, which was due to reconvene on 16 March 2020, has been postponed.

The project is located in the East Pilbara region of Western Australia.

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.