Haunted by ghost workers, Tunisian phosphate miner seeks revival
Before the 2011 Arab Spring uprising, Tunisia was one of the world’s largest producers of the fertilizer component, creating as much as 8.2 million tons per year.
Agreement paves the way for Encanto to move from a previously announced memorandum of understanding to a commercial marketing and distribution contract with MTTC, one of the world’s top potash buyers.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.
With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.