Kore Potash is a large fertiliser play that has been developing the Sintoukola potash basin in the Republic of the Congo (RoC) since 2010. Kore has a district scale development with approx 6 billion tonnes of potash, just 15km from the coast and US$150m has been spent on it thus far. Big projects need big budgets. The flagship 2.2Mtpa Kola project came through the DFS with flying colours but needs US$2.1bn of capex, not easy for a small cap player with a new project in such a jurisdiction to raise. So, the team has devised the smaller DX project to begin this district wide development.
18 Jun 2020
Poised to become the lowest cost potash supplier to the giant Brazilian market from globally significant deposits in the Congo
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Poised to become the lowest cost potash supplier to the giant Brazilian market from globally significant deposits in the Congo
Kore Potash PLC (KP2:LON) | 0.4 0 (-5.3%) | Mkt Cap: 18.5m
- Published:
18 Jun 2020 -
Author:
Dr. Michael Green -
Pages:
32
Kore Potash is a large fertiliser play that has been developing the Sintoukola potash basin in the Republic of the Congo (RoC) since 2010. Kore has a district scale development with approx 6 billion tonnes of potash, just 15km from the coast and US$150m has been spent on it thus far. Big projects need big budgets. The flagship 2.2Mtpa Kola project came through the DFS with flying colours but needs US$2.1bn of capex, not easy for a small cap player with a new project in such a jurisdiction to raise. So, the team has devised the smaller DX project to begin this district wide development.