Elemental Aims for 2016 Potash Production

Mining Weekly reported that Elemental Minerals plans to start production at it’s Sintouloka potash project in the Republic of Congo in Q3 of 2016. The company released a prefeasibility study on Thursday.

As quoted in the market news:

Based on a production of around two-million tons a year of muriate of potash, the underground operation was expected to have a mine life of some 23 years. The project could be developed at a total capital cost of $1.85-billion, and would have a net present value of $2.9-billion, and an internal rate of return of 29.3%.

Iain Macpherson, Elemental’s CEO stated:

The prefeasibility study confirms excellent economics and highlights the project’s key competitive advantages of a high-grade orebody suited to conventional mining and processing using proven technologies.

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