Chatham Rock Phosphate acheives key milestone with Boskalis
/CRP is pleased to advise that it has agreed with Boskalis to proceed to
phase two of its services contract. This phase involves the final
detailed design of a system for extracting rock phosphate nodules. This
phase is a commitment that is estimated to cost around €4 million and is
scheduled to be completed by 30 June 2013.
Boskalis is CRP’s technical partner in its Chatham Rise rock phosphate
project and is a leading global services provider operating in the
dredging, maritime infrastructure and maritime services sectors. In July
this year, CRP entered a contract for services with Boskalis Offshore
B.V. and Boskalis took a 20% shareholding in CRP. This shareholding was,
to a large extent, a prepayment for services that Boskalis was to
provide, including for this new phase. It is anticipated that this new
phase of the contract would involve only a modest future cash cost, if
any, to CRP.
To date under the contract CRP and Boskalis have done extensive work
refining the extraction system for recovering and separating phosphate
nodules applying adapted and proven technologies. Key considerations
have included capital and operating costs and minimising possible
environmental effects.
The Chief Executive Officer of CRP, Chris Castle stated “We are very
pleased with the results to date under our contract with Boskalis. The
outcomes achieved so far all support the feasibility of taking our
project through to production. We have enjoyed a very productive and
positive working relationship with Boskalis and are thrilled at this
further commitment to our project by Boskalis”.
Chris Castle – Chief Executive Officer CRP - +64 21 55 81 85 or chris@widespread.co.nz