Chatham Joins Safer Phosphates

Agriculture Investing

Chatham Rock Phosphate (TSXV: “NZP” and NZAX: “CRP” or the “Company”) advises that we have joined Safer Phosphates, an organization created to promote the use of safer phosphates. The organization has been formed by stakeholders concerned about the potential health risks posed by heavy metal content in phosphate and includes other phosphate producers or near …

As Chatham announced recently the EU executive proposed the limit be set at 60mg/kg, falling to 40mg after three years and 20mg after 12 years under planned rules for fertilisers carrying the CE mark. It was agreed that producers need longer transition periods before the introduction of the lower limits.

These limits are significantly lower than the voluntary limit of 280 parts per million imposed in New Zealand.
The European Environmental Bureau, a 140-strong network of organisations, welcomed the outcome of the vote, noting “farming remains the last major bastion of cadmium exposure.”

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