# Kropz announces its intention to trade on AIM in the second half of 2018

> 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.

- Date: 2018-07-02 · published 2018-07-02T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64343-kropz-announces-its-intention-to-trade-on-aim-in-the-second-half-of-2018
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- PHOSROCK: neutral

## Sources

- miningreview.com: https://www.miningreview.com/news/kropz-intention-trade-aim-second-half-2018/

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