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Saturday, 28 March 2015

NEWS: Carbonated phosphate opening of negotiations in April

The production level of phosphate in Togo reached 1.110 000 tonnes in 2014 and the outlook is 1.5 million for 2015.
To achieve these results, significant production tool's modernization efforts have been made over $ 6 billion in 2014.
After the renewal of equipment, will follow a phase of expansion and development of the sector. 
Carbonated phosphate: opening of negotiations in April
The objective of SNPT (New Society of Togo phosphate) is to exploit the carbonate phosphate whose reserves are estimated at nearly 2 billion tons.So far, the country uses only the loose layer of the deposit 
The authorities, seeking technical and financial partners have received several offers from international foreign groups.
Once the operation of carbonated phosphate launched, the government intends to industrialize the sector, with the construction of a phosphoric acid plant. An investment of between 68 and 132 billion CFA francs. 
At the Council of Ministers held on Friday, the Minister of Mines and Energy, Dammipi Noupokou, presented a communication on the process of finding a partner or associate, for the exploitation of phosphate and carbonate construction of a fertilizer complex. 
He reported on the evolution of the current process, which has already resulted in the selection and ranking three companies likely to support the government in this project. The next phase, the start of which is scheduled for early April, will enable to open negotiations with the companies identified in the order of their ranking.

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