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Tag: Phosphates

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.

Mosaic suspends Brazil SSP production as sulphur surges

Mosaic has started activities to idle single super phosphate (SSP) production at its Fospar and Araxá facilities in Brazil due to the recent sharp increase in sulphur prices, the company said 16 December. The company said it has also suspended future purchases of sulphur, and it may review these decisions after 30 days. Sulphur spot prices in Brazil were assessed by CRU at $515/t c.fr at the time, representing the highest level since June 2022, and a staggering 180% increase from the figure of $182/t c.fr at the start of 2025. Prices for SSP, however, have been relatively stable, with only slight increases in recent weeks. CRU's assessment for 18-20% SSP was at $200-245/t c.fr Brazil in December, up from $190-240/t in November, though it remains below the $230-265/t of June.

New phosphate project

Iraq’s Ministry of Industry and Minerals confirmed on Wednesday its intention to proceed with the construction of a new phosphate plant in Al-Qaim district, Anbar province, to use 10 billion tonnes of phosphate reserves. The ministry also revealed the expected production volume and the total value of the project. Ministry spokesperson, Duha Al-Jubouri, told the Iraqi News Agency (INA): “This project aims to revive this sector after the near-total destruction of the phosphate plant due to terrorist operations.” She explained that “the project is being implemented in partnership with the private sector and is considered one of the mega-projects that reflects the significant potential Iraq possesses.”