Belarus, Venezuela jointly surveying major phosphate deposit

27 November 2013 21:51  [Source: ICIS news]

HOUSTON (ICIS)--Belarus's joint geological prospecting venture Sismica Bielovenezolana has nearly completed surveying a major phosphate deposit in Venezuela, Belarus officials confirmed on Friday.

Sismica is a cooperative effort between Belarus and Venezuela that started in 2007 exploring the deposits in order to ascertain the amount of reserves, value of the deposits and quality of the ore, as well as begin work on a feasibility study.

The project is making good progress, with surveying almost finished and design plans being prepared for the future development of a mining operation and phosphate fertilizer processing facility, said Belarus first vice premier Vladimir Semashko.

The project will focus on the production of NPK fertilizers in Venezuela using Belarus potash supplies and phosphates from the South American nation, Semashko said.

By: Mark Milam
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