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Chatham Rise Rock Phosphate will Reign Supreme in a Low Cadmium World
Mar. 16, 2018 09:22AM PST
Phosphate InvestingChatham Rock Phosphate (TSXV: “NZP” and NZAX: “CRP” or the “Company”) wishes to advise shareholders of a recent article by Richard Taylor in International Policy Digest that has commented on the effects of the proposed lowering of accepted cadmium levels in phosphate rock imported into EU countries. In this article it is estimated that a lowering of …
Chatham Rock Phosphate (TSXV: “NZP” and NZAX: “CRP” or the “Company”) wishes to advise shareholders of a recent article by Richard Taylor in International Policy Digest that has commented on the effects of the proposed lowering of accepted cadmium levels in phosphate rock imported into EU countries.
In this article it is estimated that a lowering of the limit to 20 gm/kg will effectively bar 95 percent of phosphate ore from entering the EU market.
CRP cannot confirm that estimate but we do know that the reduced cadmium limits will affect a significant proportion of traded rock phosphate including rock sourced from Egypt, Israel, Boucraa & Youssoufia (Western Sahara/Morocco), Senegal, Togo, Tunisia, Nauru and Christmas Island.