12 September 2013 21:26 [Source: ICIS news]
HOUSTON (ICIS)--Focus Ventures announced on Thursday that it has entered into an agreement to acquire the Bayovar-12 phosphate mining concession in Peru.
Financial details were not disclosed.
The Vancouver-based producer said its subsidiary Agrifos ?xml:namespace>
It is next to the site of Vale’s phosphate operation, which has been previously calculated to have reserves of 239m tonnes.Focus said it plans to implement a grid-based drilling programme at the location in northern
Focus President David Cass said, with addition of Bayovar, the company is establishing themselves within the Latin American phosphate market.
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