Phosphate Australia encouraging overseas investment
By Paul Serratore
Tuesday, 02/11/2010
An ever-growing population in China and India is seeing the countries' demand for fertiliser grow - and with that their demand for phosphate.
It is for this reason that companies in both countries have their sites firmly on mineral deposits in the Territory - and it seems that there are mining companies that are happy to have the attention.
One company, Phosphate Australia, has even sent drill samples to companies in Asia in the hope of getting investment for their projects.
Phosphate Australia's managing director Andrew James says Australia can offer some unique investment opportunities for such overseas investors.
"Phosphate is not an optional commodity if you want to drive the modern yields that are required...to feed the world's population.
"Australia has probably a largely untapped phosphate potential."
Mr James says the opportunity to invest in phosphate projects is uncommon, with overseas investors facing many trade barriers in certain markets.
"You can go to Africa and there may be sovereign risk issues to do with that - and Middle East and North Africa as well."
In this report: Andrew James, managing director, Phosphate Australia
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