PHOSPHATE FROM ELANDSFONTEIN
Fertiliser plant in the offing near Saldanha
Kropz, which has Patrice Motsepe’s Ubuntu-Botho Community Development Trust as its empowerment partner, must still raise R10bn to build the plant
28 November 2016 - 06:31
SA could have another fertiliser producer if a company called Kropz can raise R10bn to build a plant at Saldanha Bay to process the phosphate coming from its new Elandsfontein mine. Kropz, a private company, has Patrice Motsepe’s Ubuntu-Botho Community Development Trust as its empowerment partner. The trust is partly owned by the Motsepe Family Trust and a "broad base of stakeholders" representing 100,000 people. Kropz and Motsepe’s African Rainbow Capital own Elandsfontein Exploration and Mining in a 70:30 split. So far, R1.35bn has been sunk into a sedimentary phosphate deposit to the east of Saldanha.
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