By Faith Ashmore, Benzinga
Chicoutimi, QC
--News Direct--
Phosphate production and concentrate reserves are spread across China, Russia, the Middle East and North Africa.
China and Russia have recently suspended or minimized exports of phosphate, which is proving problematic to the supply chain and for manufacturers relying on Chinese phosphate. Similarly, the phosphate concentrates in the Middle East and North Africa are dependent on geopolitical stability that is often fluctuating.
When you take all these factors into consideration, it's apparent that the phosphate market is in need of a Western supplier that is stable, high quality and addresses environmental concerns.
Canada-Based Arianne Phosphate Checks All The Boxes
The Canada-based company adheres to stricter environmental, social and corporate standards, aligning with North American and European agendas, and is setting itself apart from Chinese, Russian and MENA competitors.
One major edge Arianne says it has is, deposit is igneous which allows it to produce a concentrate higher than 90% of the world's phosphate, which is housed in sedimentary rock. This allows Arianne to produce a high-purity and low-contaminant phosphate concentrate ideal for use in batteries and fertilizer.
Further, Arianne is considering how its mining affects local communities. On June 12, 2015, the company signed a cooperation agreement with three First Nations — indigenous
Canadian peoples — for the exploration and preconstruction phase of the Lac à
Paul project with ongoing negotiations to conclude its impact and benefits
agreement. The Company says it is determined to adhere to best practices and maintain
its strong social license among the population to operate.
During the seven-year downturn in phosphate prices from 2012 to 2019, Arianne continued to advance its project, receiving all necessary permits from the government, signing various MoUs and some initial offtakes. The Lac à Paul project is a fully permitted, shovel-ready project.
As European and North American companies pivot away from their overdependence on Chinese, Russian and MENA suppliers, Arianne Phosphate may be well-positioned to fill the supply gap.
Featured photo by Aedrian on Unsplash
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Contact Details
Brian Ostroff, President
Company Website
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