Emerging African phosphate producer and developer Kropz's Elandsfontein subsidiary, in South Africa, has secured R285-million in bridge loan facilities from the African Rainbow Capital (ARC) Fund to meet the immediate and additional near-term funding requirements as it progresses commercial sales. Kropz reports that it sold a further 20 000 t of phosphate concentrate from Elandsfontein but that, as with the first bulk sale recorded in January, concentrate production is still not yet at optimal quality, resulting in the concentrate being sold at a discount to current market prices.
