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Arianne is a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region.
Arianne Phosphate (TSXV:DAN,OTC:DRRSF,FWB:JE9N), has entered into an agency agreement with Compagnie Indo Française de Commerce to market and sell Arianne’s high-purity, low-contaminant phosphate concentrate into the Indian market.
Arianne is a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region.
As quoted from the press release:
“This agreement is another meaningful step for our Company,” said Brian Ostroff, CEO of Arianne Phosphate. “India is the world’s largest importer of phosphate and, having on the ground representation for our product, will help accelerate Arianne’s commercial penetration into the market. With discussions already underway with several potential Indian customers, we believe that CIFC’s long-standing relationships with many of these large players will help us advance and conclude these offtake discussions.”
Based in New Delhi, India, Compagnie Indo Francaise de Commerce Pvt. Ltd. is a private company founded in 1967. CIFC’s business includes the trading, sale, marketing and supply of critical raw materials to India, including fertilizers, agricultural chemicals and animal feeds. As a pioneer in the marketing of fertilizers and fertilizer raw materials into India, CIFC has a long-established reputation with many of the region’s largest fertilizer and agricultural entities.
“We are excited by the opportunity of bringing this high-quality phosphate to India,” said Mr. Santosh Sekharan of CIFC Pvt. Ltd., “Phosphate concentrate of this nature is very limited and, the combination of our strong and historic relationships coupled with Arianne’s product should allow us to generate considerable sales into the Indian market.”