DuSolo Reaches Full Production Capacity At Bomfim Processing Plant
DuSolo Fertilizers announced that its Bomfim processing plant in Brazil has reached its full production capacity of 20,000 tonnes per month. The company plans to produce at least 100,000 tonnes of DANF during the current planting season, which kicked off in late May.
DuSolo Fertilizers (TSXV:DSF) has had a busy year, making big sales deals for its direct-application natural fertilizer (DANF) while continuing to expand the phosphate resource at its Bomfim project in Brazil. On Wednesday, the good news continued with the company announcing that the processing plant at Bomfim has reached its full production capacity of 20,000 tonnes per month. The plant now running 5.5 days a week with two shifts, for a total of 20 hours per day with about 900 tonnes being produced daily. Naturally, the company's president and CEO, Eran Friedlander, is pleased with the news. "This will be the first full planting season in which DuSolo will be producing fertilizers. At our current production rate, we are able to deliver on all sales contracts currently in place," he said in a press release. "With the anticipated increased capacity, the company will be in a position to enter into additional sales contracts this year, thereby addressing the growing demand for DANF in the region." The company plans to produce at least 100,000 tonnes of DANF during the current planting season, which kicked off in late May. And indeed, the mining permits the company currently has in place only allow it to produce that amount; however, DuSolo submitted an application earlier this year to expand its mining capacity to 200,000 tonnes per year. Next steps at Bomfim As mentioned, DuSolo has put in an application to double its allowable mining capacity at Bomfim. Initially it planned to have that capacity in place by March, but a longer-than-expected rainy season and infrastructure-related issues caused delays.