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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

Bullboard Posts
Comment by Psalm9012on Sep 15, 2015 10:08am
119 Views
Post# 24104583

RE:Mosaic

RE:MosaicThey had the strongest net cash from operating activities in 3 years and yet the lowest capital expenditures in 3 years. Their 2014 annual report discusses their Florida phosphate based mine and production facilities - which can't be fairing too well on the export side with the strong US$. They also mention their 35% stake in the Miski Mayo phosphate rock mine in Peru and a 25% stake in the Waad Al Shamal phosphate company in Saudi Arabia. However, there is no mention of their Brazilian operations at all even though they have far more facilities in Brazil than any other place in the world other than the U.S. The absence of the mention of Brazil is intriguing. I, too, cannot see how they would not go after MBAC's assets especially with currency differentials making it more attractive every day. Greg
Bullboard Posts