Pocatello — At a meeting here last month, Kathy Ray of the County Alliance of Southeastern Idaho told the Idaho Economic Advisory Council that a new mine by Stonegate Agricom Ltd. in Paris Hills, represents an investment that will create up to 200 construction jobs and 300 permanent jobs. She said the high quality phosphate will not be valueadded, but could be shipped raw to customers like Agrium Inc. and Monsanto, she said, adding that Stonegate is looking at rail and road construction possibilities. Supplying phosphate rock to other producers might be an option, as it would be cheaper than building a downstream plant such as one for DAP. The company said it has received a positive response from potential customers. Stonegate recently secured a $7.5 million, 18-month loan at 5 percent interest from Sprott Resource Corp., Stonegate’s largest shareholder, for general working capital purposes, including Stonegate’s environmental permitting activities.
Transparency Across the Fertilizer Value-Chain