Arianne Phosphate commissions market study for Canada project

12 February 2014 23:44 Source:ICIS News

HOUSTON (ICIS)--Canadian fertilizer producer Arianne Phosphate said on Wednesday it has commissioned a scoping and marketing study on the feasibility of processing the company’s phosphate rock into purified phosphoric acid and other phosphate fertilizer products.

While financial terms were not revealed, the company said it hired exploratory study firm Cegertec WorleyParsons to conduct the studies, which will focus on the economic capacities and types of processing plants suitable for the secondary transformation of high quality phosphate rock products and determine final product specifications.

In addition, the firm will be reviewing possible facility locations and evaluating power and raw material requirements. The market potential for the export of the processed product as well as capital and operating expenses for constructing and operating plant facilities will also be studied.

The Quebec-based company is currently engaged in the development of the Lac a Paul deposits located 200km north of Quebec, where it expects to eventually recover significant phosphate resources.

Current estimates for the site have determined there are approximately 590m tonnes of phosphate resources, which grade at 7.1% phosphorous pentoxide (P205). The company said its studies show the resources will support a minimum mine life of 25.75 years.

“Arianne remains strongly focused on bringing our world class Lac a Paul phosphate rock project into production in 2017. Our energies and expertise are completely focused on this goal. The very high quality of Arianne’s concentrate product and its major mineral resources makes this a compelling study and focuses further market awareness on the exceptional quality of our world class project,” said Brian Kenny, Arianne CEO.

By Mark Milam