Foskor board to finalise sustainability plan within six months

Foskor chairperson Bobby Godsell reported on Tuesday that the company’s board was conducting a comprehensive review of the group’s underperforming operations with the aim of developing a sustainability plan within the coming six months. Foskor, which mines phosphate rock and magnetite in Limpopo and produces fertiliser products at an acid plant in KwaZulu-Natal, reported a loss of R180-million in 2019, compared with a loss of R760-million in 2018.