namibia megareserve

From mak TNT prospectus

"The same experienced technical management team which is undertaking the marine
phosphate evaluation in offshore Namibia will be made available to TNT Mines Limited by
Minemakers. That team, and its JV partners, have recently and successfully completed an
extended Scoping Study there, have found an initial estimated JORC compliant 1.6Bt of
phosphate sediments and have embarked on a full Feasibility Study."

I don't know what grades are in Namibia, but that volume exceeds the US phosphate reserves!


Top 5 Phosphate Producers
(in mln tonnes)
Country Production (2008) Reserves
1 China 50 4,100
2 US 30.9 1,200
3 Morocco,
West Sahara 28 5,700
4 Russia 11 200
5 Tunisia 7.8 100
Source: U.S. Geological Survey Mineral Commodity Summaries
(Reporting by Yuko Inoue)