Name of the Project
Kola potash project.

Location
Sintoukola basin, Congo-Brazzaville.

Project Owner/s
Potash development company Kore Potash, which has a 97% ownership in the Kola and DX potash project, through its subsidiary Sintoukola Potash, which has a 100% ownership in the Kola mining lease, on which the Kola project is located.

Project Description
Kola has total proven and probable reserves estimated at 152.4-million tonnes grading 32.5% potassium chloride and 0.1% magnesium. Total mineral resources, inclusive of ore reserves, are estimated at 847.7-million tonnes grading 34.9% potassium chloride and 0.08 magnesium.

An optimised definitive feasibility study (ODFS) released in February 2025 has used all proved and probable ore reserves and only 6% of inferred mineral resources, giving a life-of-mine (LoM) of 23 years.

The project has been designed with a nameplate capacity of 2.2-million tonnes a year of muriate of potash (MoP) for total MoP production of 50-million tonnes over the project’s LoM.

The ODFS proposes a conventional mechanised underground potash mine with shallow shaft access. Ore from underground is transported to the processing plant by an estimated 25.5-km-long overland conveyor. 

After processing, the finished product is conveyed 8.5 km to the marine export facility. MoP is transferred from the storage area onto barges by a dedicated barge-loading jetty before being transhipped into ocean-going vessels for export.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The ODFS estimates an after-tax net present value, at a 10% discount rate, of $1.68-billion and an internal rate of return of 18% on an ungeared after-tax basis.

Capital Expenditure
$2.07-billion (nominal basis), on a signed fixed price engineering, procurement and construction (EPC) basis, including owner’s costs.

Planned Start/End Date
Construction is slated to start on January 1, 2026, with construction expected to take 43 months.

Latest Developments
Kore Potash has signed nonbinding term sheets with Swiss-based OWI-RAMS for a $2.2-billion funding package to develop its Kola potash project. 

The proposed financing includes $1.53-billion in senior secured project finance and $655-million in royalty funding.
The agreement marks a major step towards unlocking the MoP project, with OWI-RAMS granted the right to acquire up to 100% of production at market-aligned prices over the mine’s 23-year life.

Kore must fulfil several conditions precedent, including appointing a third-party project monitor, finalising its operational strategy, and mitigating political risk. A contract operator for post-commissioning operations is also being sought.
In parallel, Kore and OWI-RAMS will explore downstream investments – such as blending plants and agrilogistics – in Africa and Brazil to strengthen regional food security.

Key Contracts, Suppliers and Consultants
PowerChina International Group (EPC).

Contact Details for Project Information
Kore Potash (UK), tel +44 203 963 1776. 
Kore Potash (Congo-Brazzaville), tel +242 22 294 19 24.