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JOHANNESBURG (miningweekly.com) – Kropz, an emerging producer of plant nutrients, is considering a double listing at the Johannesburg Securities Exchange, in addition to seeking admission to the AIM market in London, where it has the intention to raise equity to finance advanced phosphate project in South Africa, reduce debt and develop a broader African badet base.
Having already spent $ 120 million to complete his Elandsfontein phosphate extraction and processing project in the Western Cape, South Africa, Kropz has applied for a prospection in Ghana and plans to extend the life of Elandsfontein and consider acquisitions to increase production.
"We certainly intend to make a double list in South Africa.I think it's the right thing to do as an operation based in South Africa." , London, between Tanzanite One, Gemfields, MDM, has been good for us, and it gives access to a lot of global funds, "said Kropz CEO Ian Harebottle about publicly traded companies. He was badociated in the past.
The directors of the company believe that being a publicly traded company will allow him to take full advantage of the additional opportunities in the fertilizer supply chain.
" I hope that it will be early enough in the second "
The company has 100 years of experience in the field of phosphates in the independent technical group.
"But, from a list, you want to under-promise and over-deliver, so you'll see we're talking about more than 180,000 t per year as a starting point, with a high level of trust that we will be able to take closer to one million tons or more a year, which makes a very big difference. Harebottle commented on Creamer Media's Mining Weekly Online in an exclusive interview.
Ubuntu-Botho is Kropz's big black partner in his Elandsfontein project, Motsepe's African Rainbow Capital is a 26% shareholder
The multidisciplinary global engineering group DRA provides the mining and mineral expertise required in Elandsfontein, where the need for an additional water circuit for the flotation to work well.
Even at a rate of 850,000 t / y, the project will reach its first year at current rock phosphate prices, which currently exceed $ 100 / t
"I just came from DRA and they are also confident and as positive as we are on the success of the project, "he said.
Kropz's targeting of phosphate prospects in Gha coincides with CRU's prediction that phosphate prices will rise in the long run, stimulated by increased population growth, changing dietary patterns and decreasing arable land, leading to increased demand and improved prices for phosphate fertilizers. [19659002"LapremièreétapeconsisteàfairefonctionnerElandsfonteinladeuxièmeétapeestpeut-êtrelesitecibleenAfriquedel'OuestetlatroisièmeétapeestlesiteduGhanaIlestcertainquemavisionpersonnelleestd'avoirunmilliarddetonnesderessourcesdanslesoletd'iciquelquesannéesdefairedesventesdetroisàquatremillionsdetonnesC'estunestratégiebadezambitieusemaislesélémentsdebasepouryparvenirserapprochentetlemarchérevient"asoulignéHarebottle
LOW CADMIUM
It is said that the quality of the three ore bodies is high and all have the advantage of being close to the ports.While the Ghana deposit has the highest cadmium content of the three, mixing the Ghana ore with the Elandsfontein ore would take the combined ore below the cadmium target set by the European Union
The European Union's target for cadmium, a carcinogen absorbed by plants, should increase with time.
"The only form of nervousness a part of our production, it may be that you only had Russia, or other producers who should have produced at a higher cost, because They should have reduced cadmium, but now with Elandsfontein providing an alternative, it coincides with all the good boxes. "
The initial lifespan of Elandsfontein is 14 years from a resource 101 million tonnes to 7.7% phosphorus pentoxide (P 2 5 ) and a probable reserve of 63.6 million tonnes to 9.6% P 2 O 5 .
The vision of the company is to develop sub-Saharan Africa, which has the highest population growth in the world, with a food demand that is expected to triple by 2050, and the Subsequent fertilizer needs of the region are expected to increase accordingly
The market price forms the basis of the abduction agreement that Kropz has signed with the state phosphate company Foskor who would be comfortable with the Elandsfontein ore that she tested.
"But we should at least deliver the fi 10 000. We are convinced, on the basis of all the tests we have done, that they will comply, but that is in the US. interest of all, because once this is in place and once signed, sealed and delivered, it is a kind of arrangement so it is an important commitment to them. two parties, and the other two are negotiating and we have agreements.We have a lot of demands for our ore right now when we build lasting relationships, we try to work with customers, but you also have to look after the best interests of the Company and its shareholders, "he said. In addition to being a rand cover for Foskor, the low cadmium content of Kropz ore will also offer Foskor greater potential for efficiency.
Other levy agreements entered into by Kropz involve commercialization in the Americas and India through large commercial companies. it is clear that the company is not going to have any trouble selling its rock.
Phosphorus, an element of all forms of life that can not be substituted or recycled, is an ingredient in the downstream fertilizer market
. One thing that excites me is that I am really proud to be part of one of the South African mining projects that is new. I grew up in South Africa, where mining was at the heart of our economy and that has somewhat diminished. Being part of a successful mining project is essential – the fact that South Africa is used as a base for developing and focusing on sub-Saharan Africa, not just on jobs, skills and the creation of revenues, but also our commitment to developing downstream value. addition and enrichment.
"Now it's multi-layered.Most people see that they're just thinking about the finished product, but there's more than one way to do it and meet the needs of the people. Small, Medium and Large Farmers Hopefully we can be something that South Africa can be proud of, another Investec? C is a terrific sector. Ninety percent of what you Surrounding is the result of what miners do, "said Harebottle about Kropz, which aims to set a new standard for ecological mining of mineral fertilizers for sub-Saharan Africa. coming in. 
WRITTEN BY: Creamer Media Reporter
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