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Kropz has halted commissioning of its Elandsfontein phosphate mine on South Africa's West Coast for an extended period. The company cited a long delay in its water use licence, which limited access to suitable ore, plus technical problems found during commissioning.
Environmental groups and state departments are challenging the mine's legality.
The halt removes a small amount of potential rock phosphate supply, but world rock phosphate prices are at a ten-year low, so the price effect is likely limited.
groundup.newsAshleigh FurlongSep 15, 2017Not 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.
