Metals

South Africa set to play significant role in Congo potash project

CBCIE Time:Apr 17, 2018 10:52 Source:CREAMER MEDIA

South Africa is likely to play a significant role in the development and construction of the large new potash mine and processing plant that is being planned in the Republic of Congo (RoC) at an expected capital cost of $2-billion.

Potentially one of the lowest operational cost potash projects in the world, the large Kola project being developed by the triple-listed Kore Potash has major advantages of being close to the coast, high in grade, shallow and directly opposite the export destination of Brazil.

The French engineering and construction consortium of Technip FMC, Vinci Construction Grands Projects, Egis International and Louis Dreyfus Armateurs are close to completing the definitive feasibility study (DFS) for the potentially two-million-tonne-a-year operation.

 Only 300 m deep compared with the many potash mines that are treble that depth, it is 35 km from the coast, compared with the 1 000 km-plus of many other potash operations.

 Its 35% potassium chloride (KCL) grade compares with the below 30% KCL grades elsewhere, with its purity allowing Kore to discharge the brine into the sea.

 Kore plans to produce potash at the relatively low cost of $100/t for delivery to Brazil, which is in conveniently close shipping distance.

 It has big cornerstone investors in the Sovereign Wealth Fund of Oman and Chilean potash company Sociedad Química y Minera de Chile (SQM), which exports to 130 countries.

 Now properly capitalised, and listed on the Johannesburg Stock Exchange, in addition to the Australian Securities Exchange and London’s Alternate Investment Market, the business of Kore Potash is looking up.

Under Australia’s Elemental Minerals some years back, there was at one stage doubt about the the project being developed. But under the recapitalised Kore, a fixed price engineering, procurement and construction contract is expected to emerge in the next three months from the DFS being drawn up by a French engineering and construction consortium with extensive RoC experience.

Steps are being taken to bring the project to construction as quickly as possible.


Key Words:

All articles, pictures, reports and other original works on the website that are attributed to CBCIE are non-public information, only for members. No one may reproduce or otherwise use the original content of this website without our permission. If you need to use it, please call
+86 18135172048 to apply for authorisation. CBCIE reserves the right to pursue any infringement and citation contrary to the original intent.

Disclaimer:CBCIE is committed to building a comprehensive and authoritative metal information platform, and strives to provide a full range of data and information services and decision-making support for metal industry researchers and practitioners. However, the information on this website is for reference only and is not intended as direct advice for investors' decision-making. Any investment, purchase, sale or operation based on the information on this website should be at your own risk and is not related to CBCIE.

Contact us

Contact us for more CBC information and services.

Get in touch
CBC专家咨询 关闭
close
WeCom

CS Manager:
Zizhen Zhang

+86 18135172048