Latest Phosphate Mining News

Aguia Resources has locked in a R$6 million (A$1.7 million) bank loan to advance its Tres Estradas phosphate mine in Brazil, aiming for over 160,000 tonnes annual production by 2027. Initial sales agreements and a strong market backdrop set the stage for a potentially lucrative operation.

PhosCo has terminated the ICC arbitration initiated by TMS Services over the Chaketma Mining project, citing breaches and non-payment of fees. The company now seeks up to A$7.5 million in damages related to longstanding disputes.

Aguia Resources has updated its economic study for the Tres Estrades Rock Phosphate Project, reflecting a significant uplift in phosphate pricing and expanded production capacity that together enhance the project's financial outlook.

PRL Global Limited has completed its strategic acquisition of the Ardmore Phosphate Mine in Queensland, setting the stage for a ramp-up in operations and first shipments later this year.

PhosCo’s maiden drilling at the KM prospect within Tunisia’s Gasaat Phosphate Project reveals record-thick phosphate layers near the proposed plant site, suggesting a faster route to production and improved project economics.

PRL Global Limited has cleared all hurdles to acquire Centrex Ltd and Agriflex Pty Ltd, including the Ardmore Phosphate Mine, with operations already resuming and first shipments expected later this year.

Avenira Limited has advanced its Wonarah Phosphate Project with Northern Territory Government approval of its Mine Management Plan and secured $7.57 million through a placement to Hebang, while deferring operational start to optimize costs.

Centex Limited and Agriflex Pty Ltd, currently under voluntary administration, have received a Deed of Company Arrangement proposal from PRL Global Limited involving an $8.2 million contribution and a share transfer. Administrators recommend creditors approve the DOCA for better returns and operational continuity.

PRL Global announces the retirement of its founding Managing Director Lai Ah Hong, appoints Nicholas Gan as CEO, and reshuffles its executive team to support growth and diversification.

Aguia Resources Limited has reduced its Share Purchase Plan price to 3.6 cents and extended the closing date, while reporting promising initial drill results at its Santa Barbara gold project and securing a $4 million loan to kickstart phosphate production in Brazil.

PhosCo Ltd faces a new arbitration request from Tunisian Mining Services over joint venture disputes, while seeking to recover $7.2 million in unpaid damages dating back to 2017.

Minbos Resources advances its Cabinda Phosphate Project with significant construction progress and a fresh US$3.6 million funding injection from the Sovereign Fund of Angola, underpinning its strong cash position.