Kore Potash, a company recently listed on the JSE, is 81% complete with the definitive feasibility study into building a potash mine, processing plant and loading facility in the Republic of Congo and will finish the report in the third quarter of 2018. Kore, an Australian company listed in SA and on London’s Alternative Investment Market, needs to raise more than $1.8bn towards building the 2-million tonnes a year potash mine 35km from the coast, construct a series of conveyor belts to move the product as well as build a jetty to load ships. In its audited annual results to end-December 2017, Kore said the listings in London — where the company is now domiciled — and Johannesburg would help it raise the equity portion of the funds it needed, while the export credit agency BPI France Assurance Export gave it a letter of support of between $500m and $700m. The Kola deposit, which is a small area of the large tenement Kore has, will be mined first and the study is assessing the projec...
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