# Kropz clinches offtake from phosphates project

> 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.

- Date: 2018-05-21 · published 2018-05-21T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65332-kropz-clinches-offtake-from-phosphates-project
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

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.

## Read by commodity

- PHOSROCK: neutral

## Sources

- engineeringnews.co.za: https://www.engineeringnews.co.za/article/kropz-clinches-offtake-from-phosphates-project-2018-05-21
- polity.org.za: https://www.polity.org.za/article/kropz-clinches-offtake-from-phosphates-project-2018-05-21

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