Leviev Group to launch phosphate mining plant off Namibian coast

By REUTERS
March 26, 2014 12:00




Israel's Leviev Group (LGC) aims by 2018 to start mining fertilizer material phosphate off Namibia's coast after addressing concerns that led the country last year to announce an 18-month freeze on new environment permits for marine mines.

Deep-sea mining has attracted growing interest as technology has opened up new resources that could replace depleted land mines. But projects have stirred debate about environmental risks in the southwest African country and elsewhere.

LGC hopes a demonstration processing plant it plans to launch this year at the port of Luderitz will address such concerns and allow full-scale construction work to proceed so production can start in 2017 or 2018, Erez Mishal, vice president, business development and operations, said on Tuesday.

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