19 February 2014 19:33 [Source: ICIS news]
HOUSTON (ICIS)--Fertilizer developer Fertoz announced on Wednesday that the US Bureau of Land Management (BLM) has approved the transfer of operating rights for the company's Dry Ridge Phosphate Project from Solvay USA to Fertoz USA.
Fertoz USA is an Idaho registered company that is 100% owned by Australia-based Fertoz, a phosphate exploration and development company with a range of projects in British Columbia, Canada as well as in Australia's Queensland and Northern Territory.
The Dry Ridge Phosphate Project is located in the established phosphate mining region of southeast Idaho, which boasts the richest phosphate deposits in the western US and is second only to Florida in phosphate production.
Fertoz officials said that the project has the potential to be developed and brought into production with relatively low capital investment. It is close to existing infrastructure, three operating phosphate mines and three phosphate processing plants.
In addition to the BLM decision, the company said that it has begun preparing the permits necessary to allow extensive exploration of Dry Ridge in 2015 and 2016.
Fertoz has also hired Cascade Earth Sciences to commence the federally required environmental permitting process, with approval expected to take 12-15 months and drilling activities planned for the second half of 2015.
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