Israel Chemicals Ltd. has signed a memorandum of understanding with LLNP (Lev Leviev Namibia Phosphates) for a joint venture to mine phosphates offshore Namibia. The MOU calls for the companies to set up a demonstration plant to test the technological aspects and the economic feasibility of the project. The cost of the demonstration plant is estimated at $30 to $50 million dollars. The timetable calls for completion of the technological and economic feasibility studies by 2020. Commercial mining and fertilizer production would begin in 2022 or 2023.
Transparency Across the Fertilizer Value-Chain