Hubei Province in China has ordered that businesses, already down due to the New Year holiday are to remain closed through Feb. 14, according to a Bloomberg report. Wuhan, the epicenter of the coronavirus is the capitol of Hubei. This should have a significant impact on Chinese phosphate production as a large portion of the country’s phosphate capacity is near Wuhan.
Junior miner Gensource Potash Corp., Saskatoon, reports that Helm Ag is the offtaker for its Tugaske project in Saskatchewan. Gensource had said in May that a large and well-respected international fertilizer manufacturing and distribution company had inked a nonbinding agreement for 100 percent of the production. Gensource said it and Helm are currently finalizing the definitive offtake agreement under which Helm will purchase all of the production for 10 years, renewable thereafter. The offtake agreement is expected to be complete in the first quarter.
Tugaske includes Gensource’s initial 250,000 mt/y potash production facility in the Vanguard area in Saskatchewan.
