Kropz clinches offtake from phosphates project

Plant nutrient minerals development company Kropz, which is developing the Elandfontein phosphates mining and processing project in the Western Cape, has secured several offtake agreements ahead of production. The cornerstone offtake agreement, for about a third of its production at market prices that will be negotiated yearly, is with Foskor, South Africa’s is only vertically integrated producer of phosphate ore, phosphoric acid and granular fertiliser, in which the State-owned Industrial Development Corporation is the controlling shareholding.