- PhosCo secures full ownership of Gassaat Phosphate Project with government approval.
- PhosCo’s strategic drilling aims to boost phosphate production amid global demand.
PhosCo Ltd has achieved significant progress with the approval of its Gassaat Phosphate Project in Tunisia, which is now fully owned by the company. The company has also signed a historic MoU with the Tunisian Government and the European Bank for Reconstruction & Development to collaborate on the development of Tunisia’s Northern Phosphate Basin, TipRanks Magazine reports.
With a major drilling program set to commence, PhosCo aims to increase its phosphate inventory and production rate, aligning with the growing global demand for phosphate fertilizer. This strategic advancement positions PhosCo as a potential major global supplier, offering substantial shareholder value and local community benefits.
PhosCo Ltd is an ASX-listed company operating in the phosphate industry, primarily focusing on mining and processing phosphate. The company is strategically positioned in the Mediterranean-Tethyan province, known for hosting a significant portion of the world’s phosphate reserves.
TunisianMonitorOnline (NejiMed)
