Andrey Maruta is a fellow member of the Association of Chartered and Certified Accountants (UK), with over 16 years’ experience in the mining industry including as CFO at Petropavlovsk Plc, which has a Premium Listing on the LSE. Andrey also has worked in the audit function at accountancy firm Moore Stephens International in both the UK and the Russian Federation.
Guy de Grandpré A senior Executive with nearly 20 year experience operating in the mining sector in Africa. Previously held senior roles with Alufer Mining in Guinea, B2Gold in Mali, Kinross Gold in Mauritania and Ghana, Newcrest Mining in Ivory Coast, EMAL International in Algeria and Rusal in Guinea. Strong and successful experience with stakeholder management and with implementing corporate business strategies in mine development, construction and operation phases in West Africa.
Brad Sampson has more than 25 years resources industry experience building and operating large scale mining projects internationally including in West and Southern Africa. A qualified Mining Engineer, he has held leadership and board roles in several public listed companies.
Brad recently was the CEO during the turnaround of Tiger Resources, a copper producer in the DRC, and held senior positions in Newcrest Limited including the role of General Manager West Africa.
He has previously been the CEO of Discovery Metals and held General Manager roles at Gold Fields operations in South Africa and Australia.
Read Google’s overview of privacy and safeguarding data
This website (“Website”) is operated by Kore Potash Plc (“Kore”, “we”, “us” or the “Company”), a company registered in England under company number 10933682 and whose registered office is at 25 Moorgate, London, EC2R 6AY, UK.
By accessing any part of this Website you acknowledge that you have read, understood, and agreed to be bound by the following terms and conditions. We may change or update the information on this Website (including these terms and conditions) at any time without notice.
Accessing our site
Access to our Website is permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide on our site without notice (see below). We will not be liable if for any reason our Website is unavailable at any time or for any period.
You may use our Website only for lawful purposes. You may not use our Website:
• in any way that breaches any applicable local, national or international law or regulation;
• in any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect;
• to knowingly transmit any data, send or upload any material that contains viruses, Trojan horses, worms, time-bombs, keystroke loggers, spyware, adware or any other harmful programs or similar computer code designed to adversely affect the operation of any computer software or hardware.
Intellectual property rights
Copyright in all material available on this Website remains at all times with Kore or its associated companies or with other parties which have licensed their material to Kore. You may download or print the Information as necessary incidental acts during your viewing of it and for your personal use or to inform others about the Company.
You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
Our status (and that of any identified contributors) as the authors of material on our Website must always be acknowledged on any copies that you may make of material that appears on our Website.
You must not use any part of the materials on our Website for commercial purposes without obtaining a licence to do so from us or our licensors.
Reliance on information posted
The information on this Website is for general information and illustrative purposes only and it is not intended to provide advice whether that advice is financial, legal, accounting, tax or any other type of advice, and should not be relied upon in that regard.
While every reasonable effort is made to ensure that the information provided on this Website (other than that accessed by link to other websites) is accurate at the time of posting, no representation or warranty, express or implied, is made by Kore (or any of its associated companies), as to the accuracy, timeliness, completeness, validity or currency of the information provided on this Website (the “Information”), and Kore and its advisors assume no responsibility to you or any third party for the consequences of any errors or omissions. No reliance may be placed for any purpose whatsoever on the Information or any opinions contained in this Website, or on the completeness, accuracy or fairness of such information and/or opinions contained. To the maximum extent permitted by law, neither Kore nor its advisors shall be liable for, including without limitation, indirect or consequential loss or damage, any loss or damage whatsoever arising from any use of this Website or the Information.
This Website and the Information do not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities in Kore, nor shall it (or any part of it) or the fact form the basis of, or be relied on in connection with, or act as an inducement to enter into, any contract or commitment. Any decisions you make based on information contained in this Website are your sole responsibility having, where appropriate, taken independent professional advice in making an investment decision involving Kore or any of its associated entities.
Share price information
All share price information are delayed, unless otherwise stated. All share price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. We make no representation or warranty regarding the accuracy or completeness of any such share price information and we have not taken any steps to verify, the adequacy, accuracy or completeness of the information provided herein. Under no circumstances, will we be liable for any inaccuracies or omissions in any such information or data, any delays or errors in the transmission thereof, or any loss or direct, indirect, incidental, special or consequential damages caused by reliance on this information or the risks arising from the stock market.
You should seek independent advice prior to trading in our securities or making any investment decision in connection with our securities.
Changes to the Website
We aim to update our Website regularly, and may change the content at any time. If the need arises, we may suspend access to our Website, or close it indefinitely. Any of the material on our Website may be out of date at any given time and we are under no obligation to update such material.
The material displayed on our Website is provided without any guarantees, conditions or warranties as to its accuracy. By using this Website you agree to hold harmless and indemnify Kore and its associated companies, its directors, officers, employees and agents or any of them against any claim or demand for damages or costs or any loss of any kind arriving out of your access to or use of this Website otherwise than in accordance with these terms and conditions.
Information about you and your visits to our Website
Viruses, hacking and other offences
You must not misuse our Website by knowingly introducing viruses, trojan horses, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to our website, the server on which our Website is stored or any server, computer or database connected to our Website. You must not attack our Website via a denial-of-service attack or a distributed denial-of-service attack.
By breaching this provision, you may commit a criminal offence under the Computer Misuse Act 1990 or similar legislation. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our Website will cease immediately.
We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our Website or to your downloading of any material posted on it, or on any website linked to it.
Links from our Website
Any links to third party websites on this Website are provided solely for your convenience and the inclusion of such links does not imply endorsement by Kore of the linked website. Kore does not make any representations regarding any websites which may be accessed through this Website, and shall not be responsible for the contents or use of any other websites.
Linking to our Website
You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists.
You must not establish a link from any website that is not owned by you.
Our Website must not be framed on any other website, nor may you create a link to any part of our Website other than the home page. We reserve the right to withdraw linking permission without notice.
Certain information contained on this Website, including any information as to our future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements.
These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are beyond the control of the Company and difficult to predict. Further, these forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from those expressed or forecasted in such statements.
Jurisdiction and applicable law
These terms and conditions shall be governed and interpreted in accordance with the laws of England and Wales. The English Courts shall have exclusive jurisdiction over any dispute arising out of your use of this Website.
This Privacy Notice applies to the website www.korepotash.com, as well as any subdomains and any other websites on which this Notice is posted, and any content from or through the websites operated by Kore Potash Plc of 25 Moorgate, London, EC2R 6AY, UK (“Kore”, “we” or “us”), and which is the Data Controller of the personal data provided via this website (“Personal Data”). This Privacy Notice sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it.
Information we may collect from you
We may collect and process the following data about you:
IP addresses and cookies
We may collect information about your computer including, where available, your IP address, operating system and browser type, for system administration purposes. This is statistical data about our users’ browsing actions and patterns and does not identify any individual.
For the same reason, we may obtain information about your general internet usage by using a cookie file which is stored on the hard drive of your computer. Cookies contain information that is transferred to your computer’s hard drive. They help us to improve our site and to deliver a better and more personalised service.
Transfers outside the EEA
Transmission of information via the internet is never guaranteed to be completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site; any such information is transmitted at your own risk. Once we have received your information, we will use strict procedures and security measures to endeavour to prevent unauthorised access to, loss of or damage to your data, but such measures can also never totally guarantee that such events will not happen.
Uses made of the information
We will use information held about you only in furtherance of our business interests, including the processing of applications for positions of employment, considering comments submitted to us in relation to our website or other information we have provided.
Disclosure of your information
We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries. We do not sell your Personal Data to third parties for them to market their services to you.
We may disclose your personal information to third parties:
You have the right to ask whether Kore processes your Personal Data and to request a copy, to object to direct marketing and in certain circumstances to have the data rectified or blocked. To request this information, please email firstname.lastname@example.org. If your personal information changes, or if you no longer desire our services, you may ask to have your Personal Data corrected, amended, removed or deleted by emailing email@example.com.
You also have the right to object to direct marketing and, under certain circumstances, to object to our processing of your Personal Data. You may choose to stop receiving communications such as our announcements by contacting us at firstname.lastname@example.org.
Third party websites
Our site may, from time to time, contain links to and from the websites of third parties, including our affiliated companies. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.
We will retain your information for the longer of the period we are required to do so by law, as is reasonably necessary for the purpose (for example to comply with our legal obligations, resolve disputes, and enforce our agreements), or as needed to provide you services.
José Antonio, aged 36, joined SQM in 2016 and is currently M&A Director, prior to which he worked at EPG Partners as head of a mining private equity fund, at Asset Chile, a Chilean boutique investment bank, and at Santander Investment. He is a qualified Civil Engineer having graduated from Pontificia Universidad Católica de Chile.
Xavier Potdevin recently joined Kore Potash as managing director of Sintoukola Potash S.A. Previously, Xavier worked in different finance management positions with a leader in port operations, APM Terminals, part of Maersk Group, spending the 7 last years in West and Central Africa focusing on port development projects. Earlier, he worked with Nalco Water, world’s leading water treatment company supporting a commercial business unit and supply chain management on the financial aspects of their European activities.
Xavier holds a Master in Finance from IE SEG business school in France.
Gaby Makosso has been an entrepreneur since 1985 and has been specifically active in the mining sector from 2005 where he founded several exploration companies in the Republic of Congo, mainly within the potash and iron ore commodities. Gaby serves as a Non-Executive Director on several Company Boards. Gaby was then appointed Special Adviser to the Minister of Mines and Geology due to his experience in the sector.
Gaby started his career in 1974 in the Port of Pointe Noire and held supervisory positions. He then moved on to become an Entrepreneur. Gaby studied in both the Republic of Congo and Senegal and holds an Engineering Degree in Civil Works.
David Netherway is a mining engineer with over 40 years of experience in the mining industry. He was involved in the construction and development of the New Liberty, Iduapriem, Siguiri, Samira Hill and Kiniero gold mines in West Africa and has mining experience in Africa, Australia, China, Canada, India and the Former Soviet Union. Mr Netherway served as the CEO of Shield Mining until its takeover by Gryphon Minerals.
Prior to that, he was the CEO of Toronto listed Afcan Mining Corporation, a China focused gold mining company that was sold to Eldorado Gold in 2005. He was also the Chairman of Afferro Mining which was acquired by IMIC in 2013. Mr Netherway has held senior management positions in a number of mining companies including Golden Shamrock Mines, Ashanti Goldfields and Semafo Inc.
Mr Netherway is currently the Chairman of AIM-listed Altus Strategies plc, ASX-listed Canyon Resources Ltd and TSX-V listed Kilo Goldmines Ltd, and a non-executive director of TSX and AIM listed Avesoro Resources Inc. He also holds various private company directorships.
Gavin Chamberlain graduated from the University of the Natal (Durban) in 1987 (B Sc. (Eng) Civil). Having had an Eskom bursary, he did his formative years in engineering in both the structural and the waste and ash dump departments at Eskom, Megawatt Park. While here he completed a GDE from Wits University in Geotechnical Investigation and Tailings and Waste design and registered as a Professional Civil Engineer with ECSA. Having gathered an understanding of design he then moved on to join Fraser Alexander Construction to further his practical understanding and application of engineering. In his role with Fraser Alexander he was engaged with construction of 2 tailings dams, 3 water diversion systems, 2 toxic waste dumps and a domestic waste dump along with various smaller projects. His first exposure to company management was also gained here where he served on the management team executive committee. His next step was a natural progression in the mining project field when he joined TWP as a civil projects engineer looking after the civil aspects of a EPCM mining project for Anglo Platinum. He spent 16 years with TWP and held various roles from engineering manager, head of the civil department, project manager and head of project delivery accountable for project management, controls and construction. He was also on both the Exco and served as a director of TWP after the listing. On the purchase of TWP by Basil Read, he moved into the BR EPC business firstly as the commercial director and then as acting managing director. In a consolidation move the BR EPC business was closed and he moved into the existing TWP EPC business (Matoma) as the Director responsible for clean energy where he worked in both the solar and wind space until leaving to join Amec. At Amec he was employed as Director of Projects for Africa and spent a large part of his time there as the dedicated Project Director on the $1,8 billion uranium project in Nambia. He completed his time at Amec Foster Wheeler as the Global Project Delivery lead and the Operations Director for Mining in AMEE (Africa, Middle East and Europe). His current role at Kore Potash is a culmination of experiences gained across the full gambit of mining operations and is one that he see’s as challenging and rewarding as many aspects of experience gained over the years are now being used.
Julien Babey has been the Managing Director of Sintoukola Potash S.A, the Kore Potash registered entity in the Republic of Congo since 2012 and he also fulfils a Business Development role within the Company. Julien has been instrumental in the engagement of the French Consortium who are responsible for the DFS and may be responsible for the execution of the Project.
Previously, Julien was a Managing Director for the AREVA Group registered entity in Mongolia that is developing a uranium leaching plant. Julien joined AREVA in 2003, and worked in several divisions of the group as Legal Counsel where he headed up legal teams within the mining division in France and various regional offices in Southern Africa. He also served on several of the Boards of the group’s mining operations in West, Central and Southern Africa.
Julien began his career with SAP France, followed by the French Development Bank based in Morocco where he was exposed and involved in discussions with Public Officials for infrastructure projects.
Julien holds a Master of Law (LL.M.) in Comparative Business Law from the City University in Hong Kong and a Master of Law (LL.M) in Business & Taxation Law as well as an Accounting & Financial Management Certificate from the University of Aix-en-Provence in France.
John Crews graduated from the University of the Orange Free State in 1994 (B-Compt Honours and Certificate in the Theory of Accounting degrees). Having passed the Public Accountants and Auditors Board examination and completed articles with KPMG in Johannesburg, qualified as a Chartered Accountant (SA) in 1997.
After spending several years working in London he joined UBS in Johannesburg where he fulfilled the role of both Chief Financial Officer and Chief Operating Officer.
In addition to his finance role in Johannesburg he was also responsible for the finance function across MENA, Israel, Turkey and Nigeria and served on many boards across the region.
Pablo Altimiras is an Industrial Civil Engineer who graduated from the Pontificia Universidad Católica de Chile where he also achieved his MBA. He joined SQM during 2007 as Chief of Logistics Projects and in 2009 was promoted to Regulatory Affairs Director. In 2010 Pablo assumed the position of Business Development Vice Manager and after 2 years took up the position of Development and Planning Manager.
In 2016 Pablo was appointed into the position of Vice-President of Development and Planning. Pablo is also a Board Member of Minera EXAR, an Argentinian Company currently developing a lithium project in Jujuy Province, Argentina.
Tim Keating is Head of Mining Investments Private Equity at the State General Reserve Fund (SGRF), a sovereign wealth fund of the Sultanate of Oman. Prior to joining SGRF in 2015, Mr. Keating was CEO of African Nickel Limited, a nickel sulphide development company where he grew the business through several acquisitions, project development and fund raisings.
He also worked at Investec Bank for the Commodities and Resource Finance Team (2004-2010), and at Black Mountain Mine owned by Anglo American plc, in South Africa. He is a Non-Executive Director of Kenmare Resources plc. He has a BSc Mining Engineering from West Virginia University and has a Mine Managers Certificate of Competency.
Leonard Math graduated from Edith Cowan University in 2003 and holds a Bachelor of Business degree majoring in Accounting and Information Systems. Leonard is a member of the Institute of Chartered Accountants and the Australian Institute of Company Directors.
In 2005 Leonard worked as an auditor at Deloitte before joining GDA Corporate as Manager of Corporate Services. He has extensive experience in public company responsibilities which includes ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting and shareholder relations within the retail and institutional sectors.
Leonard is currently the Chief Financial Officer and Company Secretary of ASX listed Gulf Manganese Corporation.
Jonathan is a globally experienced Director (Executive and Non-Executive) with over 30 years of commercial, corporate, transactional, governance and legal experience. He is currently the Non-Executive Chairman of Global Value Fund Ltd (ASX listed), Future Generation Investment Company Ltd and Antipodes Global Investment Company Ltd and holds various private company Directorships in non-profitable organisations.
Jonathan is also a Principal and Director of Meridian International Capital Limited, which is a Sydney (Australia) based structured finance group where he has been in engaged for the past 22 years. During this time, Jonathan has been involved in financing numerous resource transactions in various global locations.
Prior to this, Jonathan was a Partner with Herbert Smith Freehills law firm. He holds postgraduate degrees in economics and law, he is an admitted attorney in both England and Australia and is a Fellow of the Australian Institute of Company Directors.
Sean Bennett is the CEO of Kore Potash (appointed in November 2015). Before this Sean was the CEO of UBS South Africa and Head of Sub-Saharan Africa. Sean joined SG Warburg in London in 1995 (now UBS Investment Bank) and then moved to South Africa in 2008, where he was Co-head of HSBC Global Banking for Africa before re-joining UBS in 2011.
Sean has over 20 years’ experience in advising a wide range of companies, state owned enterprises and Governments, including several large mining houses such as BHP, South32 and Sibanye in corporate finance. He has been involved in many corporate finance transactions around the globe as well as numerous countries across Africa.
David Hathorn is the ex-CEO of the Mondi Group (30 April 2017). The Mondi Group, is a FTSE 100 global packaging and paper listed group on both the London and Johannesburg stock exchanges, with operations in 30 countries and employing 25,000 people. The Mondi Group performed exceptionally well under David’s leadership.
Before Mondi David was at Anglo American, where he was a member of the Group Executive Committee from 2003 and an Executive Director of Anglo American PLC from 2005, serving on several of the Boards of the Group’s major mining operations.
Our projects are located in a part of the RoC where socio-economic and development indicators are persistently lower than the national averages. Consequently, our partner communities are generally poor and vulnerable. Mining projects are usually able to deliver real benefits to communities only once they enter the production phase. Notwithstanding this, we have implemented exploration and construction phase SER initiatives to alleviate some of the more pressing challenges faced in our project area.
Assisting the Communities to Collect Water
In the Sintoukola area, few have access to high quality water sources, with most people replying on distant boreholes or small streams. We have installed water boreholes with pumps in the villages of Koutou and Yanika to compliment a government-sponsored water scheme. In 2016 Kore Potash provided 288 ‘hippo-roller’ 90 litre water drums which allow the relatively easy movement of water. These were distributed to 11 villages which represents approximately 38% of households in the area prioritizing vulnerable people (handicapped), schools and hospitals, as well as large families or families living far from the boreholes. These rollers have also been used in innovative ways by local communities, with some being used to transport locally produced palm wine for sale in distant villages.
In the district of Madingo-Kayes in Kouilou, and elsewhere in the RoC, cassava crops are subject to numerous diseases that significantly reduce crop yield. To reduce this threat to a staple food source, we distributed higher yielding, disease resistant cultivars of cassava to 11 villages (763 families). Communities were supported by relay facilitators who provide education and training on how to improve the quality and productivity of their fields. For this programme Kore works in partnership with the Program for Support to the Development of Agricultural Sectors (PADEF) in Congo and we are advised by the Congo Agricultural Research Centre (IRA). This ongoing program has delivered excellent results and is helping communities generate additional income (through increased yields) and become more self-sufficient.
Local communities have long complained of crop damage by elephants – one of the challenges of supporting conservation in close proximity to communal agriculture. We are helping the community diversify their income by promoting bee-keeping. This provides additional income with a twist: elephants really dislike bees and avoid hives. Villages with bee hives in their fields are less likely to suffer crop damage from elephants. We are supporting local efforts to promote bee-keeping through training and provision of materials to construct hives.
Supporting Schools in the Area
In 2017, SPSA provided all students in the Project area with school kits. A total of 952 students received notebooks, boxes of chalks, pens, erasers, pencils and slates. SPSA participated in the construction of temporary classrooms at Koutou village primary school.
Employment of Local People
Wherever possible we shall employ from the local community. In 2017 we recruited 159 people, of which 108 (68%) were from the local communities. It is noteworthy that employment is the most common request received from communities through our village letterbox system. In each of our local villages, we erected a notice board and letter box so that we could inform communities of our activities and receive feedback from them.
Environmental and Social Impact Assessments (ESIAs)
The mine site is within the Conkouati-Douli National Park (CDNP). The park is divided into a core zone, in which no development may take place, and an “eco-development” zone in which specifically permitted activities may take place, but only in strict accordance with an Environmental and Social Impact Assessment (ESIA) process. The mine and some of the related infrastructure (like the overland conveyor) are located in the ecodevelopment zone. We have engaged local and international consultants to conduct three ESIA’s to the highest international standards. These assessments have been approved by the government of the RoC. As part of the ESIA processes we have actively engaged with NGOs working in the area, including the Wildlife Conservation Society (WCS), the Jane Goodall Institute (JGI) and HELP Congo and Renatura. We have consistently included the perspectives of local stakeholders in the project design which, if implemented properly, can have a net-positive social impact in the area.
Positive ESIA Outcomes
As a result of the impact assessment process, we have elected to minimise the footprint of infrastructure within the CNDP.
The ESIA confirmed that an overland conveyor belt was environmentally preferable to trucking of ore to the plant. This is because it has a smaller disturbance footprint than a haul road and is generally quieter, less dusty and safer. We have consulted communities and conservation NGOs extensively on the location of conveyor belt animal underpasses and community crossing points. These now take into account the needs of different species (including elephants) and the nature of the economic activities practiced by each village along the conveyor belt routing.
The ESIA also indicated that light pollution from our facilities could be potentially harmful. Consequently, we have specified long wavelength lamps on our marine infrastructure to minimise disruption of turtles and have removed lighting from our conveyor belt.
The global consumption of potash is forecasted to grow by 60% by 2030 (Fertecon 2015) due to arable land decreasing and food consumption increasing.
Low Operating Costs
The estimated operating costs for Kola once operational is US$100/t cfr granular landed in Brazil due low processing costs. Further contributing factors that advantageously influence the opex are the low gas, electricity, water and labour costs in RoC and the planned Company owned export facility and conveyor belt will ensure minimal transport costs as Kola is located approximately 35km from the coast.
The project pipeline in the Sintoukola Basin ensures that significant future upside remains. The Dougou and Dougou Extension discoveries can support an estimated 5Mtpa MoP production in the long term, with further exploration upside remaining in the area.
The Congolese Government is supportive of the development of the Sintoukola Permit and they have demonstrated this through the approval of numerous permits such as the Mining Convention which sets out the fiscal framework for all Kola and Dougou developments, the Kola ESIA and the Kola land acquisition process.
Access to Infrastructure
The geographical location of the Permit is extremely beneficial both in-country and globally as it’s situated 36 km’s from the coast and 90 km’s from Pointe Noire which simplifies the logistics required for both the construction and operation phases. Run of mine will be transported via an overland conveyor to the processing facility at the coast, from where the MoP will be exported via a dedicated jetty and transhipment facility.
The Project shall also benefit from the available infrastructure which includes access to the supply of gas from the offshore oil industry and power supplied by the gas-powered power plant in Pointe Noire.
The RoC provides a geographically and politically independent source of potash, outside the key global producing regions of North America and the Former Soviet Union to supply the large and growing market of Brazil as well as service the future potential of Africa.
The Kola project is underpinned by a high grade Sylvinite resource 33% KCl with a very low insoluble content (0.15%) which allows for a simplified flowsheet that supports expectations recovery, which should positively influence the operating costs.
The development of this Project is being driven by an experienced Board and Management Team that are highly focused on delivering a fully operational potash mine by 2022. This Team is being supported by Investors that are actively involved and have the technical and global mining expertise that is accessible to the Management Team.