The Conversation (0)
DuSolo Fertilizers (TSXV:DSF,OTC:ELGSF,FWB:E6R) reported that it has reached full production capacity at 20,000 tonnes per month, at its Bomfim Processing Plant. In this current planting season, DuSolo aims to produce at least 100,000 tonnes of Direct Application Natural Fertilizer product, which is the maximum amount currently allowed by the mining permits the Company holds.
As quoted in the press release:
Earlier this year, DuSolo submitted an application to double its allowable mining capacity to 200,000 tonnes per year.
This year’s planting season began in late May, and is expected to go to late fall.“This will be the first full planting season in which DuSolo will be producing fertilizers. At our current production rate, we are able to deliver on all sales contracts currently in place,” said Eran Friedlander, President and CEO of DuSolo. “With the anticipated increased capacity, the Company will be in a position to enter into additional sales contracts this year, thereby addressing the growing demand for DANF in the region.”
DANF PRODUCTION
The Company has re-commenced at surface mining operations at the Santiago target and is currently excavating around 1,000 tonnes per day.
DANF production restarted in late May, at which time DuSolo began ramping up its operations. The Plant is now running 5.5 days a week with two shifts working a total of 20 hours per day. Approximately 900 tonnes of DANF is now being produced daily, totaling 20,000 tonnes per month.
DuSolo also recently completed the construction of an on site laboratory in order to test and ensure the quality of its 12%, 15% and 18% P2O5 DANF products.
FACILITY UPGRADES
In anticipation of receiving permits to increase its production rate, DuSolo is installing upgrades at the Plant. The longer than expected rainy season and infrastructure-related issues prevented the Company from carrying out its initial plan to have the additional production capacity in place by the original date of March 2015.
DuSolo has now begun installing the three hammer mills, additional conveyor belts and electrical infrastructure upgrades necessary to increase its annual production capacity to 160,000 tonnes per year. Total capital expenditure is expected to be C$315,000 and will take approximately 2 months to complete.
Click here to read the DuSolo Fertilizers (TSXV:DSF) press release
Click here to see the DuSolo Fertilizers (TSXV:DSF) profile.