Australia shores up fertiliser supply with $160 million loan for Phosphate Hill
Australia has announced a $160 million joint government loan to support the Phosphate Hill fertiliser operation in north-west Queensland. The funding is intended to keep the plant and the Mount Isa acid plant operating as the facility changes ownership. Officials say the move is aimed at protecting domestic fertiliser supply at a time of higher input costs.The loan is being provided by the federal and Queensland governments to Brisbane-based Ryowa, a subsidiary of the Mayfair Corporations group. Ryowa has bought the phosphate operations from Dyno Nobel for a reported final price of $150 million this week. Federal Industry and Innovation... [Continue Reading]
360LiveNews | 02 Jul 2026 05:33 LONDON
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