Industry Article: Feeco.com - Strain on rock phosphate resources tightens as fertilizer demand rises

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Phosphorus continues to be a hot topic in the fertilizer industry, as rising demand for food and decreasing arable land, among other factors, drives demand for the critical crop nutrient. Experts are worried we’ll exhaust our supplies of rock phosphate, the primary material feeding phosphate fertilizer production, sooner than later.

Add to this that excess phosphorus keeps ending up in waterways, causing harmful algal blooms, and the industry is under increasing pressure to better manage the nutrient and bring balance back to the nutrient cycle. 

Phosphorus sustains life on earth; without it, we simply cannot survive. 

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Media Coverage: Daily Company News - CRP initiates Korella South scoping study for one million tonnes per annum export phosphate mine

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Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “CRP” or the “Company”) is pleased to announce that while awaiting finalisation of the purchase of the Korella Mine, Chatham Rock Phosphate Limited has commenced a scoping study for an export mine based on its adjacent Korella South exploration area.

This follows significant interest from North Asia based phosphate buyers for a high-grade phosphate rock supply sourced from Korella South. This, combined with the developing acute shortage of low cadmium phosphate in Europe and soaring international rock phosphate prices, has led to the decision to investigate the feasibility of a significant increase in production. This export focussed production and sale of phosphate from Korella South would run in parallel with projected domestic annual sales of 250,000 tonnes of rock phosphate from the Korella Mine. 

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Media Coverage: Grain Central - Qld phosphate projects a fillip for cropping, livestock

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AUSTRALIA’S reliance on imported rock phosphate looks set to reduce thanks to Centrex’s Ardmore project now coming on stream in north-west Queensland’s Georgina Basin, and Chatham Rock Phosphate’s nearby Korella project.

They will supplement product already coming from the region’s long-running Phosphate Hill mine, which is owned by Incitec Pivot Limited and produces DAP and MAP on site.

With global fertiliser supply chains already disrupted by COVID, and impacted further by sanctions against Russia, both developments are seen as timely for Australian farmers and graziers.

In addition, the Korella project is expected to reduce Australia’s dependence on China for dicalcium phosphate (DCP), an important source of phosphorus in cattle rations and supplements.

Read the rest of the article on graincentral.com