# Kropz anticipates first phosphate ore from long-awaited Elandsfontein by year-end

> Kropz expects first phosphate ore from its 74%-owned Elandsfontein project in South Africa by the end of 2019 and plans to reach one million tonnes a year in 2020. The phosphate price has recovered to about $95/t, and the project has cost about $120 million to develop.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60914-kropz-anticipates-first-phosphate-ore-from-long-awaited-elandsfontein-by-year
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Added phosphate rock supply from 2020 could cap price gains, although demand growth is expected to keep the market balanced over the longer term.

## Read by commodity

- PHOSROCK: bearish ▼

## Sources

- miningweekly.com: https://www.miningweekly.com/article/kropz-anticipates-first-phosphate-ore-from-long-awaited-elandsfontein-by-year-end-2019-02-01

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.