Korella Fertilizers is the trading name for Avenir Makatea Pty. Ltd., the wholly owned Australian subsidiary of
Chatham Rock Phosphate Ltd.
With Chatham Rock’s extensive knowledge and network of contacts in the phosphate and fertilizer industry developed over the last 15 years there has always been an interest to trade in low cadmium rock phosphate and other fertilizer minerals, either the company’s own supply or from other sources.
Over the last six months Korella Fertilizers has investigated the potential of trading in third party Australian-produced low cadmium rock phosphate and imported low sodium sulphate of potassium (SOP). Low sodium SOP is appreciated in the horticultural industry and Korella Fertilizers will focus on this segment of the market.
Rock phosphate can be used as direct application, in manufacture of high analysis fertilizers and used in blends with other nutrients.
The domestic market for fertilizer minerals, particularly rock phosphate and SOP, is also very much driven by logistics.
The Korella Fertilizers distribution centre is in Cloncurry, North West Queensland, the logistics hub for the whole of Northern Australia. Korella Fertilizers also has a clear understanding of the logistics and the capability required to service the vast Australian agricultural sector, not just in the north.
The company will update shareholders and stakeholders once sales for both low cadmium rock phosphate and low sodium SOP have been contracted by Korella Fertilizers.
Private placement
Eligible shareholders and prospective investors who wish to participate in this placement which is proposed to close on Dec. 21, 2023, should contact Chris Castle to obtain the subscription agreement.
