The Africa Challenge – Khemisset Potash Project
THE GEOLOGY AND LOCATION ARE UNIQUE ADVANTAGES
Low infrastructure
costs
2 declines.
Easy mine access
Low risk
Total CAPEX
Construction Time
Location
AISC
Total Transportation Cost
FOB
Shipping
TYPICAL CANADIAN PROJECT
KHEMISSET PROJECT
AA
昼昼
No aquifer
135Km
500m
Highway already established
Declines $35m
Mining costs
Shafts $1.1bn
High infrastructure
costs
2 deep shafts
through aquifer.
High risk
£ 1
Aquifer
~1,000m
No port development
Shipping to Brazil
costs
$12.6m
Infrastructure
$200m
$0
ง
Port
$150m
High port development
Shipping to Brazil
costs
1,700Km
Rail connection to port
$29/t incl. royalties
Logistics Cost
$145/t
Khemisset Project
US$411m
2 years to completion
135km from Port of Casablanca
US$158/tonne
US$29/t
BHP Jansen Project (Canada)
US$5.7bn
6 years + 2 years ramp up
1,800km from Vancouver
US$115/t
US$145/t
US$14/t
US$15/t
US$70/t
US$75/t
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