Agribusiness
Kore Potash scales back its ambitions in the Congo and is now merely seeking $280m

Kore Potash scales back its ambitions in the Congo and is now merely seeking $280m

Just a few months ago, the potash project developer was still working on the $1bn+ Kola Potash mining project in the Congo, with potential partners including TechnipFMC, Egis, Louis Dreyfus and Vinci Construction Grands Projets.

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            ▪ Kore Potash scales back its ambitions in the Congo and is now merely seeking $280m

▪ Just a few months ago, the potash project developer was still working on the $1bn+ Kola Potash mining project in the Congo, with potential partners including TechnipFMC, Egis, Louis Dreyfus and Vinci Construction Grands Projets.

http://www.jeuneafriquebusinessplus.com/en/804408/kore-potash-reduit-ses-ambitions-au-congo-et-ne-cherche-desormais-que-280-millions/

15/05/2020 at 19h33, by Gaëlle Arenson

However, with the mining company struggling to find sources of investment, it has been forced to rein in its ambitions, according to a reliable source. Kore Potash is now focusing on developing a smaller project called the Dogou Extension, requiring a capital cost of $286m, according to the latest pre-feasibility study, compared to $327m, as reported in an earlier study. A feasibility study still needs to be conducted prior to fundraising.

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