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Sulphur 422 Jan-Feb 2026

29 January 2026

Chatham Rock Phosphate sells Australian subsidiary

NEW ZEALAND

Chatham Rock Phosphate sells Australian subsidiary

Chatham Rock Phosphate has agreed to sell its wholly-owned Australian subsidiary Avenir Makatea Pty Ltd to Austure Industries Pty Ltd for A$1.4 million, including A$900,000 in cash over a 24-month period, and a 20% shareholding in Austure Phosphate AU Pty Ltd, a newly-formed subsidiary of Austure, to establish a mono- and dicalcium phosphate manufacturing plant in Cloncurry. Colin Randall, Chatham Executive Director has been appointed a Director of Austure Phosphate AU Pty Ltd.

This agreement provides the Korella North mine with a local market for its mined rock phosphate which will be supplied to the DCP/MCP manufacturing plant. Austure Industries Pty Ltd has developed a technology that enables a manufacturing plant to produce both dicalcium phosphate (DCP) and monocalcium phosphate (MCP). Australia imports all of the estimated 100,000 t/a of DCP/MCP/MDCP for use as supplements and in feed rations for cattle, pigs and broiler chickens.

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