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Kropz, a phosphate rock producer with an advanced-stage project in South Africa, said it intends to seek admission to trade on AIM in the second half of 2018. The proceeds would fund completion of its Elandsfontein upgrade, reduce debt and support African expansion.
A new listing raises capital for a phosphate rock project that could add supply in a cyclical market, but the effect on phosphate rock prices is minor and not immediate.
miningreview.comRichard Jansen van VuurenJul 2, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
