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Kropz, developing the Elandsfontein phosphates project in the Western Cape, has secured several offtake agreements ahead of production. The cornerstone deal covers about a third of output with state-owned Foskor, priced at market rates negotiated yearly.
Production start has been delayed for plant redesign.
The deal adds a small new source of South African phosphate rock feeding local fertiliser production, but volumes are not yet flowing and the project is modest, so global phosphate and feed-ingredient prices see little near-term effect.
engineeringnews.co.zaMartin CreamerMay 21, 2018
polity.org.zaMay 21, 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.
