https://www.miningweekly.com
Construction|Engineering|Power|PROJECT
Construction|Engineering|Power|PROJECT
construction|engineering|power|project

Kore receives Kola enhancement study, starts EPC contract process

1st April 2022

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

LSE-listed potash developer Kore Potash has received an enhancement study for its Kola project, in Congo-Brazzaville, that was undertaken by the engineering partner of the Summit Consortium, SEPCO Electric Power Construction Corporation.

Kore – with a 97% interest in the project – has started its detailed review of the study, which is expected to take several weeks, as well as to finalise agreement with Summit on the scope for inclusion in an upcoming engineering, procurement and construction (EPC) contract.

Delivery of the study completes work on the enhancement of Kola, with focus on the project now shifting towards the terms of an EPC contract proposal. Summit expects to submit an EPC proposal based on the outcomes of the study within the next two months.

Summit notes that it is “pleased” with the outcome of the study and that it expects to provide a financing proposal for the construction of Kola following Kore's receipt of the EPC proposal and agreement on EPC terms.

Further, Kore does not anticipate this review period to negatively impact on the timing of the EPC and financing proposals.

Kore CEO Brad Sampson says receipt of the Kola enhancement study represents another key milestone towards the financing process for Kola.

“We enthusiastically await the EPC proposal and are excited to be closer to receiving the financing proposal from [Summit], at a time when the world has become acutely aware of the need to develop new and high-quality, long-life potash deposits, like Kola, that are located close to key global potash customers.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Resources Watch
Resources Watch
17th April 2024

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.68 0.713s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: