PhosCo raises Gasaat phosphate mine's development cost to $199 million, extends project to 49 years

The Australian company PhosCo filed updated estimates to the Australian Stock Exchange today for its Gasaat phosphate project in Kasserine, raising the development cost from $170 million to $199 million and extending the mine's projected life from 46 to 49 years. PhosCo values the project's after-tax worth at $732 million. It still needs a mining concession and a full feasibility study before any final investment decision, and its backers include the European Bank for Reconstruction and Development and the Tunisian engineering firm STUDI.

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