Toronto-Congo Potash Co. (CPC) has completed the formal transfer of licenses for potash tenements in the Republic of Congo from its Congolese partner. “We are pleased to have been able to identify and secure these tenements in an emerging market that has good access to ports and infrastructure, competitively priced power, and a strong logistics advantage over other producers into the high growth markets of Brazil and Africa,” said CPC President and CEO Jean-Claude Gonneau. “The economics of crop production require faster, cheaper production with improved yields. Overlying these processes is the simple fact of the changed economics of global food production and the resulting rapidly increasing and sustained demand for fertilizers.” CPC is currently seeking to complete a pre-IPO financing through Canaccord Capital Corp. and TD Securities in Toronto with a view to obtain a subsequent public listing. The CPC deposit is reportedly south of the Koulilou area, where MagMinerals is also developing a potash deposit.
Transparency Across the Fertilizer Value-Chain