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Great Quest Fertilizer Ltd V.GQ

Alternate Symbol(s):  GQMLF

Great Quest Fertilizer Ltd. is a Canadian mineral exploration company. The Company is focused on the development of African gold projects. The Company’s principal business activities are the exploration and development of exploration and evaluation properties located in Mali, West Africa. The Company’s flagship asset is the Sanoukou Gold Project, encompassing 24 square kilometers (km2) located in the Kayes region to the West of Mali. Its Tilemsi phosphate project is located along the east side of the Tilemsi Valley, in eastern Mali, approximately 85 kilometers northeast of the town of Bourem, situated on the Niger River. The Tilemsi phosphate project is composed of three concessions: Tilemsi, Tarkint Est and Ader Foul, totaling 1,206 km2.


TSXV:GQ - Post by User

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Post by DrillBit2on Feb 24, 2014 10:54am
302 Views
Post# 22242548

Phosphate and Mali

Phosphate and Mali

In Mali, as has also been reported here on Investor Intel, that government’s Institute for Rural Economic Development has been working with Great Quest Metals, the results of their work showing that the company’s direct application fertilizer is an effective replacement for much costlier imported chemical phosphate across the full range of crops and regions of the North African state.The trials using Mali’s phosphate resources provided results for all of Mali’s most important crops: cotton, maize (corn), rice (irrigated, upland and lowland varieties), millet, sorghum, cowpea (or black-eyed pea), and peanuts using GQ blends of enriched high grade (35% P2O5) and enriched medium grade (27% P2O5).

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Mali actually had a phosphate mine that operated between the 1970s and into the early 1990s. Since then efforts to get new mines to exploit the substantial resources have founded due to either downturns in the global economy, falls in the phosphate price and — in the case of Mali — the invasion by Islamic insurgents, which was effectively stopped by French and other forces. But in 2009, for example, Mali could afford to import only 70,000 tonnes of fertilizer, but that was enough for just 10% of the 2.7 million hectares of arable land in the country. However, fingers crossed, Great Quest and the Mali government may show that such public-private co-operation can really work.

Northern Mali has a drought at the moment. So does Kenya; there President Uhuru Kenyatta has announced a reduction in prices of subsidized fertilizer to spur productivity and close the cycle of food shortages.

" From my cold, dead hands "

DB-2

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