Kore mulls cost reduction options for Kola project

ASX- and Aim-listed Kore Potash has received a new proposal from a French consortium of engineering companies (FC) that identifies opportunities to potentially reduce the capital cost of its flagship Sintoukola (Kola) potash project, in Congo-Brazzaville, by $415-million. The company expects to continue discussions with the FC to “fully understand” its proposal for capital savings and to further explore additional options to reduce the capital cost and to shorten the construction schedule for Kola ahead of starting the financing phase.