Aguia Resources, a mining company, is getting ready to make phosphate! They're leasing a factory in Brazil to process a type of rock that makes fertilizer. This is a big deal because Brazil needs to import a lot of phosphate.
- Aguia will pay about $872,000 to lease the factory for 10 years (with an option to extend).
- The factory can process around 100,000 tons of phosphate per year, but they might upgrade it to make 300,000 tons!
- They plan to start making phosphate by the end of 2025.
- Aguia is also exploring other nearby mines to get even more phosphate.
| Item | Details |
|---|---|
| Lease Cost | $871,765 |
| Annual Production (Initial) | 100,000 tons |
| Annual Production (Potential) | 300,000 tons |
| Production Start | Q3 2025 |
| Expected Price per ton | A$150-A$160 |
