morocco to invest us 12 billion in phosphate

Here is the best news ever for phosphate price







yeah and they are going to kill the price roflmao



you dont spend 12 billion to make 5 billion a year less money than today







http://www.bi-me.com/main.php?id=24648&t=1&c=31&cg=1&mset=1011



Morocco to invest US$12 billion in phosphate production
Source: BI-ME , Author: BI-ME staff
Posted: 22-09-2008 Back Email Print RSS Feeds

MOROCCO. Morocco's Office Cherifien de Phosphate (OCP) plans to invest more than US$12 billion to expand its market share, company CEO Mostafa Tarrab said at a press conference on Friday.

The investment, according to Tarrab, "would come in successive waves over the next seven and eight years to meet higher world market demand in the next cycle of growth". OCP is the world's third biggest phosphate producer in the world, behind China and the US.