PhosCo Advances with Tunisia Phosphate Project Approval
Company Announcements

PhosCo Advances with Tunisia Phosphate Project Approval

PhosCo Ltd (AU:PHO) has released an update.

PhosCo Ltd has achieved a pivotal milestone with the approval of its Sekarna Phosphate Project in Tunisia by the Ministry of Industry, Energy and Mines, marking the first time a phosphate project fully owned by a foreign entity has been approved in the country. The project, which is a significant addition to PhosCo’s strategic portfolio in Tunisia’s Northern Phosphate Basin, awaits final approval from the Ministry of National Defence before official gazetting can occur, allowing operations to commence. This development not only enhances PhosCo’s mineral sector presence in Tunisia but also promises to create value for shareholders and contribute to the local economy.

For further insights into AU:PHO stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App