Stonegate eyes '14 completion for permitting at US phosphate mine

11 September 2013 21:52  [Source: ICIS news]

HOUSTON (ICIS)--By the end of 2014, Stonegate Agricom expects to complete the permitting phase for its planned Paris Hills phosphate project in Idaho, the company said on Wednesday.

Feasibility studies have shown that the area has mineral reserves of approximately 16.7m tonnes of concentrate-quality phosphate rock.

Stonegate expects the life of the mine to be 19 years. The project should produce 904,000 tonnes/year of saleable phosphate-rock concentrate.

"Stonegate continues to achieve important milestones in the permitting process at Paris Hills and the company continues to expect to obtain all state permits and approvals required for its planned underground phosphate mine by the fourth quarter of 2014," said CEO Mark Ashcroft.

By: Mark Milam
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