Deal #4791

Location #1

Spatial accuracy level
Administrative region
Location
Kola, Republic of the Congo

Target country
Congo, Rep.
Comment on location
Kouilou Province -- Kola Deposit -- 20452ha under mining license. Two other deposits under exploration in the vicinity of Kola -- Dougou deposit and Yangala deposit.

Land area

Intended size (in ha)
127152
Size under contract (leased or purchased area, in ha)
[2013] 20452
Comment on land area
Kola Deposit -- 20452ha under mining license. Two other deposits under exploration in the vicinity of Kola -- Dougou deposit and Yangala deposit (106700ha). Another report states total size (under license and exploration) is 143650ha, however scoping report states 127152ha.

Intention of investment

Intention of investment
Mining
Comment on intention of investment
Potash- sylvinite -- to be processed into fertilizer.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
20452ha under license. Exploration in the vicinity of Kola -- Dougou deposit and Yangala deposit. Mining license has a possible 15 years renewal.

Negotiation status

Negotiation status
[2013] Concluded (Contract signed)
Comment on negotiation status
Sintoukola has been explored in the 1960s with the drilling of 31 holes. In August 2012, Elemental announced a Measured and Indicated Resource for the Kola deposit. In September 2012, a Pre-feasibility Study (PFS) defined Proven and Probable Reserves of 152Mt grading 31.7% KCl. An ESIA and Mining Lease were awarded for Kola in August 2013

Implementation status

Implementation status
[2014] Startup phase (no production)
Comment on implementation status
Kola Phased Implementation Study completed in 2014. The Kola studies would likely be completed by the third quarter of 2016, with construction expected to start in the second quarter of 2017.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
25

Number of domestic jobs created

Jobs created (domestic)
Yes

Operating company

Comment on investment chain
Elemental Minerals originally owned a 93% interest in Sintoukola Potash, remaining shareholders in the company: Les Establissements Congolais MGM (5%) and Tanaka Resources (2%). Elemental Minerals Ltd acquired Tanaka's shares and 2% of Les Establissements Congolais MGM shares. It is expected that the government will take a 10% free carry stake in the project.

 

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Data source #1

Data source type
Company sources
File
Comment on data source
ELM Factsheet

Data source #2

Data source type
Company sources
File
Comment on data source
Scoping Study Update Kola Project Republic of Congo

Data source #3

Data source type
Media report
File
Date
2015-07-10
Comment on data source
Mining weekly -- Elemental raises cash for Congo potash studies

Data source #4

Data source type
Media report
File
Comment on data source
Mining Technology.com -- Sintoukola Potash Project, Kouilou, Congo

Data source #5

Data source type
Media report
File
Date
2012-05-08
Comment on data source
Mining.com -- Potash is a diamond in the rough for the Republic of Congo

Data source #6

Data source type
Media report
File
Date
2012-10-05
Comment on data source
Investor Intel for Investors- Elemental Minerals pushes ahead with Potash Project in Congo

Data source #7

Data source type
Media report
File
Comment on data source
Elemental Announces Completion Of A$ 4.98 Million Private Placement and Bankable Feasibility Study for the Kola Sylvinite Project and the Pre- Feasibility Study for the Dougou Carnallite Project to start Q3 2015

Data source #8

Data source type
Company sources
File
Comment on data source
Elemental Minerals Ltd website

Data source #9

Data source type
Media report
File
Date
2016-02-03
Comment on data source
Congo : Sintoukola Potash accélère le processus d’exploitation de la potasse de Kouilou

Use of produce

Has export
Yes
Export
100
Country 1
Brazil
Comment on use of produce
Produce is Potash.

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Produce is Potash -- Flotation plant will be built at the coast.

Water extraction envisaged

Water extraction envisaged
Yes

Source of water extraction

Source of water extraction
Groundwater
Surface water ()
Comment on source of water extraction
groundwater acquifer and make-up water from the sea.

Feb. 2, 2017, 3:36 p.m.

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Nov. 11, 2015, 2:11 p.m.

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Nov. 10, 2015, 9:15 p.m.

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Nov. 10, 2015, 8:49 p.m.

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Oct. 7, 2015, 5:20 p.m.

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