Centrex Limited

ASX:CXM

Centrex Limited

ASX:CXM
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$0.055 (+4.8%)
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callawood
Company Report
Last edited 2 years ago
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#Media
stale
callawood
Added 2 years ago
View author's company report

Hopes Australia's first phosphate export could ease fertiliser supply crisis


ABC article

The project is one of the few remaining undeveloped high-grade phosphate rock deposits in the world.

High-grade phosphate rock has been domestically exported in an Australian first that could help to shore up critical supplies of fertiliser. Centrex chief executive Robert Mencel said it was a significant day for the industry because previously the mineral was 100 per cent imported. "Around 400,000 tonnes a year gets imported into Australia, about 600,000 tonnes into New Zealand"


Nice to see a bit of media attention and some cash starting to flow


BROKER REPORTS

Taylor Collison June (30c a share) Spot price $USD 255/mt

Strathmore May (28c a share) Spot price $USD 249/mt

Current Spot Price $USD 320/mt