Company Announcement: Final tender submitted for Togo Phosphate Project
Balamara Resources Limited is pleased to advise that it has submitted the final tender document for the world-class Togo Phosphate Project in West Africa. The documents were lodged by agents for the Company in Lome, Togo, on 17 January and Balamara understands that the Review Committee will be meeting immediately to consider the applications. Balamara is one of three remaining parties short-listed for this Tier One project, and the Company has assembled a strong consortium of partners for the tender process, including one of the largest investment banks in the world.
Based on the experience and capabilities of the consortium members, as well as the quality and depth of its proposal to the Togo Government, the Company remains confident about its prospects in the final selection process. The Company believes that the process will move quickly to a conclusion, with any final parties negotiating key terms with the Togo Government in 1H 2013. The Togo Project is a significant deposit of over 2 billion tonnes phosphate which has been extensively drilled with a large core of higher grade product (18-20% P2O4). The deposit is shallow and therefore considered relatively easy to mine. Perhaps most importantly of all, it is located only 30km from an existing port facility with infrastructure in place. Balamara is confident about the outlook for continued strong international demand for phosphate and the prospects for this project, and remains committed to developing this asset in partnership with the Togo Government.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
