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CLIENT FEATURE: Dusolo (DSF: TSX-V) Capitalizing on Brazil’s Growing Demand for Fertilizer

Posted by AGORACOM-JC at 10:51 AM on Thursday, November 26th, 2015

BY BEING A DOMESTIC FERTILIZER PRODUCER, DUSOLO IS ABLE TO OFFER A PREMIUM PRODUCT AT A SIGNIFICANTLY LOWER COST

  • Direct Application Natural Fertilizer (DANF) product is in demand in the region
  • Flagship asset, the Bomfim Project, is 100% owned and located in one of the world’s fastest growing agrarian regions
  • Bomfim Processing Plant operating at full capacity
  • On track to produce at least ~100,000 tonnes of DANF in 2015
  • Sales contracts in place for 2015 planting season: 81,100 tonnes for ~C$8.5 million
  • Starting to generate revenue

MANY NEAR TERM CATALYSTS EXPECTED

  • Entering into additional DANF product sales contracts
  • Doubling capacity at our processing facility to 160,000 tonnes per year
  • Updating the National Instrument 43-101 Resource Estimate to include results from the 2015 drill campaign – Recent drill results confirm presence of additional high-grade phosphate mineralization beyond areas identified in initial resource estimate
  • Third Party Economic Evaluation of Operations Planned for 2015
  • Strong Financial Backing

Company entered into an agreement with Mineração Batalha e Participações Ltda. to acquire the São Roque Phosphate Project in southeast Brazil.

The Project’s highlights include:

  • Located within the agribusiness region of Minas Gerais and São Paulo states, with many coffee, orange and sugar-cane (ethanol) plantations in the surrounding area.
  • At surface, high-grade phosphate mineralization has been identified with multiple grab samples from outcrops confirming >20% P2O5.
  • Geophysics anomalies very well defined and confirmed by surface sampling.
  • Close proximity to infrastructure, including roads, rail, water and power, and existing fertilizer producers. City of Piumhi is 40 km from the Project.
  • 70% interest earned through commitment to invest in exploration and project development. No direct payment to JV Partner.

BRAZIL’S DOMESTIC FERTILIZER SUPPLY DOES NOT MEET CURRENT DEMANDS

  • World’s largest exporter of sugar, coffee and orange juice and the 2nd largest in soybean exports
  • Brazil imports more than 50% of phosphate fertilizers used overseas
  • Significant transportation and logistic-related costs are added to imported fertilizers
  • DuSolo’s is increasing the supply of domestically produced fertilizers
  • Helping the country achieve agricultural self-sufficiency

FLAGSHIP ASSET LOCATED IN ONE OF THE WORLD’S LARGEST AGRICULTURAL REGIONS

  • The Cerrado region is home to one of the largest arable landmasses in the world
  • Majority of future increases in global food production is expected to come from this region
  • The tropical rains in the Cerrado wash away nutrients, leaving the soil poor for farming and needing to be fertilized frequently
  • Cerrado is land locked, therefore making fertilizer imports very expensive

 

STRONG DEMAND FOR DANF EXISTS IN THE REGION

Within a 500 km radius of DuSolo’s processing facility:

  • 1.2 million tonnes of phosrock is being consumed every year
  • 585 farms and agricultural centres exist
  • DANF consumption is growing at a compound annual growth rate of 6%
  • No domestic production

CLIENT FEATURE: (DSF: TSX-V) Capitalizing on Brazil’s Growing Demand for Fertilizer

Posted by AGORACOM-JC at 10:12 AM on Wednesday, November 18th, 2015

BY BEING A DOMESTIC FERTILIZER PRODUCER, DUSOLO IS ABLE TO OFFER A PREMIUM PRODUCT AT A SIGNIFICANTLY LOWER COST

 

  • Our Direct Application Natural Fertilizer (DANF) product is in demand in the region
  • Flagship asset, the Bomfim Project, is 100% owned and located in one of the world’s fastest growing agrarian regions
  • Bomfim Processing Plant operating at full capacity
  • On track to produce at least ~100,000 tonnes of DANF in 2015
  • Sales contracts in place for 2015 planting season: 81,100 tonnes for ~C$8.5 million
  • Starting to generate revenue

MANY NEAR TERM CATALYSTS EXPECTED

  • Entering into additional DANF product sales contracts

  • Doubling capacity at our processing facility to 160,000 tonnes per year

  • Updating the National Instrument 43-101 Resource Estimate to include results from the 2015 drill campaign – Recent drill results confirm presence of additional high-grade phosphate mineralization beyond areas identified in initial resource estimate
  • Third Party Economic Evaluation of Operations Planned for 2015
  • Strong Financial Backing

Company entered into an agreement with Mineração Batalha e Participações Ltda. to acquire the São Roque Phosphate Project in southeast Brazil.

The Project’s highlights include:

  • Located within the agribusiness region of Minas Gerais and São Paulo states, with many coffee, orange and sugar-cane (ethanol) plantations in the surrounding area.
  • At surface, high-grade phosphate mineralization has been identified with multiple grab samples from outcrops confirming >20% P2O5.
  • Geophysics anomalies very well defined and confirmed by surface sampling.
  • Close proximity to infrastructure, including roads, rail, water and power, and existing fertilizer producers. City of Piumhi is 40 km from the Project.
  • 70% interest earned through commitment to invest in exploration and project development. No direct payment to JV Partner.

BRAZIL’S DOMESTIC FERTILIZER SUPPLY DOES NOT MEET CURRENT DEMANDS

  • World’s largest exporter of sugar, coffee and orange juice and the 2nd largest in soybean exports
  • Brazil imports more than 50% of phosphate fertilizers used overseas
  • Significant transportation and logistic-related costs are added to imported fertilizers
  • DuSolo’s is increasing the supply of domestically produced fertilizers
  • Helping the country achieve agricultural self-sufficiency

FLAGSHIP ASSET LOCATED IN ONE OF THE WORLD’S LARGEST AGRICULTURAL REGIONS

  • The Cerrado region is home to one of the largest arable landmasses in the world
  • Majority of future increases in global food production is expected to come from this region
  • The tropical rains in the Cerrado wash away nutrients, leaving the soil poor for farming and needing to be fertilized frequently
  • Cerrado is land locked, therefore making fertilizer imports very expensive

STRONG DEMAND FOR DANF EXISTS IN THE REGION

Within a 500 km radius of DuSolo’s processing facility:

  • 1.2 million tonnes of phosrock is being consumed every year
  • 585 farms and agricultural centres exist
  • DANF consumption is growing at a compound annual growth rate of 6%
  • No domestic production

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming

Posted by AGORACOM-JC at 11:24 AM on Tuesday, October 6th, 2015

What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • $6M Market Cap = Great Risk/Reward
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Marquee Customers Include:

Strong Institutional Ownership, 39% Owned By:

Modern Agriculture Needs Green Innovation

The Cubic Farming Advantage

  • 100% controlled environment
  • Growing 365 days a year
  • No pesticides, herbicides or fungicides
  • No GMOs
  • Minimal water requirements
  • Superior nutritional values
  • Longer shelf life
  • Consistency

Consumers Demand Clean Food

  • Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
  • GMOs, a major concern for North American consumers
  • 72% of consumers say it is important to avoid GMOs when they shop
  • 40% of consumers say they look for non-GMO claims on food
  • Natural & clean foods are increasingly mainstream
  • Not only for higher income, most educated privileged segment. It is becoming a social movement.

Urban Barns Is the Solution


12 Month Stock Chart

urbfchart

DuSolo Acquires New High-Grade Phosphate Project

Posted by AGORACOM-JC at 5:49 PM on Wednesday, September 9th, 2015

  • Entered into an agreement with Mineração Batalha e Participações Ltda. to acquire the São Roque Phosphate Project in southeast Brazil
  • At surface, high-grade phosphate mineralization has been identified with multiple grab samples from outcrops confirming >20% P2O5.
  • Geophysics anomalies very well defined and confirmed by surface sampling.

VANCOUVER, BRITISH COLUMBIA–(Sept. 9, 2015) – DuSolo Fertilizers Inc., (TSX VENTURE:DSF) (“DuSolo” or “the Company”) is pleased to announce that it has entered into an agreement (“the Agreement“) with Mineração Batalha e Participações Ltda. (“the JV Partner“) to acquire the São Roque Phosphate Project (“São Roque” or “the Project”) in southeast Brazil. The Project’s highlights include:

  • Located within the agribusiness region of Minas Gerais and São Paulo states, with many coffee, orange and sugar-cane (ethanol) plantations in the surrounding area.
  • At surface, high-grade phosphate mineralization has been identified with multiple grab samples from outcrops confirming >20% P2O5.
  • Geophysics anomalies very well defined and confirmed by surface sampling.
  • Close proximity to infrastructure, including roads, rail, water and power, and existing fertilizer producers. City of Piumhi is 40 km from the Project.
  • 70% interest earned through commitment to invest in exploration and project development. No direct payment to JV Partner.

“São Roque is an excellent addition to the Company’s portfolio of projects. With this acquisition, DuSolo has phosphate assets throughout the Cerrado, one of the world’s fastest growing agricultural regions,” said Darren Bowden, Chief Executive Officer. “Despite the current downturn in Brazilian fertilizer demand, the Company remains optimistic about demand recovering in the mid to long term and therefore continues to pursue its expansion strategy within Brazil.”

Under the terms of the Agreement, DuSolo will carry out an estimated C$100,000 drill program in lieu of payment to the JV Partner. The Company will drill a minimum of 200 meters to test the thickness and extension of the mineralized profile. Contingent upon receipt of positive results, the parties will then form a partnership with participation interest allocated at 70% to DuSolo and 30% to the JV Partner. The newly formed partnership will carry out an exploration program aimed at defining a resource that can be added to DuSolo’s future development pipeline. The cost of exploration will be funded in full by DuSolo, while any future production costs will be distributed amongst the partners in accordance with their participation interest. At any given time, DuSolo can choose to end the partnership or alternatively, exercise a call option to acquire the remaining 30% for a cash payment of US$3 million.

ABOUT DUSOLO

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government, to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

On behalf of DuSolo Fertilizers Inc.

Darren Bowden, Chief Executive Officer

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

DuSolo Fertilizers Inc.
[email protected]
(604) 331-9853
www.DuSolo.com

CLIENT FEATURE: Dusolo (DSF: TSX-V) Capitalizing on Brazil’s Growing Demand for Fertilizer

Posted by AGORACOM-JC at 1:58 PM on Wednesday, September 9th, 2015

BY BEING A DOMESTIC FERTILIZER PRODUCER, DUSOLO IS ABLE TO OFFER A PREMIUM PRODUCT AT A SIGNIFICANTLY LOWER COST

  • Direct Application Natural Fertilizer (DANF) product is in demand in the region
  • Flagship asset, the Bomfim Project, is 100% owned and located in one of the world’s fastest growing agrarian regions
  • Bomfim Processing Plant operating at full capacity
  • On track to produce at least ~100,000 tonnes of DANF in 2015
  • Sales contracts in place for 2015 planting season: 81,100 tonnes for ~C$8.5 million
  • Starting to generate revenue

MANY NEAR TERM CATALYSTS EXPECTED

  • Entering into additional DANF product sales contracts
  • Doubling capacity at our processing facility to 160,000 tonnes per year
  • Updating the National Instrument 43-101 Resource Estimate to include results from the 2015 drill campaign – Recent drill results confirm presence of additional high-grade phosphate mineralization beyond areas identified in initial resource estimate
  • Third Party Economic Evaluation of Operations Planned for 2015
  • Strong Financial Backing

Company entered into an agreement with Mineração Batalha e Participações Ltda. to acquire the São Roque Phosphate Project in southeast Brazil.

The Project’s highlights include:

  • Located within the agribusiness region of Minas Gerais and São Paulo states, with many coffee, orange and sugar-cane (ethanol) plantations in the surrounding area.
  • At surface, high-grade phosphate mineralization has been identified with multiple grab samples from outcrops confirming >20% P2O5.
  • Geophysics anomalies very well defined and confirmed by surface sampling.
  • Close proximity to infrastructure, including roads, rail, water and power, and existing fertilizer producers. City of Piumhi is 40 km from the Project.
  • 70% interest earned through commitment to invest in exploration and project development. No direct payment to JV Partner.

BRAZIL’S DOMESTIC FERTILIZER SUPPLY DOES NOT MEET CURRENT DEMANDS

  • World’s largest exporter of sugar, coffee and orange juice and the 2nd largest in soybean exports
  • Brazil imports more than 50% of phosphate fertilizers used overseas
  • Significant transportation and logistic-related costs are added to imported fertilizers
  • DuSolo’s is increasing the supply of domestically produced fertilizers
  • Helping the country achieve agricultural self-sufficiency

FLAGSHIP ASSET LOCATED IN ONE OF THE WORLD’S LARGEST AGRICULTURAL REGIONS

  • The Cerrado region is home to one of the largest arable landmasses in the world
  • Majority of future increases in global food production is expected to come from this region
  • The tropical rains in the Cerrado wash away nutrients, leaving the soil poor for farming and needing to be fertilized frequently
  • Cerrado is land locked, therefore making fertilizer imports very expensive

 

STRONG DEMAND FOR DANF EXISTS IN THE REGION

Within a 500 km radius of DuSolo’s processing facility:

  • 1.2 million tonnes of phosrock is being consumed every year
  • 585 farms and agricultural centres exist
  • DANF consumption is growing at a compound annual growth rate of 6%
  • No domestic production

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming

Posted by AGORACOM-JC at 12:05 PM on Friday, August 28th, 2015

What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • $6M Market Cap = Great Risk/Reward
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Marquee Customers Include:

Strong Institutional Ownership, 39% Owned By:

Modern Agriculture Needs Green Innovation

The Cubic Farming Advantage

  • 100% controlled environment
  • Growing 365 days a year
  • No pesticides, herbicides or fungicides
  • No GMOs
  • Minimal water requirements
  • Superior nutritional values
  • Longer shelf life
  • Consistency

Consumers Demand Clean Food

  • Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
  • GMOs, a major concern for North American consumers
  • 72% of consumers say it is important to avoid GMOs when they shop
  • 40% of consumers say they look for non-GMO claims on food
  • Natural & clean foods are increasingly mainstream
  • Not only for higher income, most educated privileged segment. It is becoming a social movement.

Urban Barns Is the Solution


12 Month Stock Chart

DuSolo Reaches Full Production Capacity at Bomfim Processing Plant

Posted by AGORACOM-JC at 8:33 AM on Wednesday, June 17th, 2015

  • Reached its full production capacity of 20,000 tonnes per month at its Bomfim Processing Plant where the Company manufactures its Direct Application Natural Fertilizer product
  • During the current planting season, DuSolo intends to produce at least 100,000 tonnes of DANF product, the maximum amount currently allowed by the mining permits the Company has in place
  • Earlier this year, DuSolo submitted an application to double its allowable mining capacity to 200,000 tonnes per year.

VANCOUVER, BRITISH COLUMBIA–(June 17, 2015) – DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) has reached its full production capacity of 20,000 tonnes per month at its Bomfim Processing Plant (the “Plant”) where the Company manufactures its Direct Application Natural Fertilizer (“DANF”) product. During the current planting season, DuSolo intends to produce at least 100,000 tonnes of DANF product, the maximum amount currently allowed by the mining permits the Company has in place. Earlier this year, DuSolo submitted an application to double its allowable mining capacity to 200,000 tonnes per year.

This year’s planting season began in late May, and is expected to go to late fall.

“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,” said Eran Friedlander, President and CEO of DuSolo. “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.”

DANF PRODUCTION

The Company has re-commenced at surface mining operations at the Santiago target and is currently excavating around 1,000 tonnes per day.

DANF production restarted in late May, at which time DuSolo began ramping up its operations. The Plant is now running 5.5 days a week with two shifts working a total of 20 hours per day. Approximately 900 tonnes of DANF is now being produced daily, totaling 20,000 tonnes per month.

DuSolo also recently completed the construction of an on site laboratory in order to test and ensure the quality of its 12%, 15% and 18% P2O5 DANF products.

FACILITY UPGRADES

In anticipation of receiving permits to increase its production rate, DuSolo is installing upgrades at the Plant. The longer than expected rainy season and infrastructure-related issues prevented the Company from carrying out its initial plan to have the additional production capacity in place by the original date of March 2015.

DuSolo has now begun installing the three hammer mills, additional conveyor belts and electrical infrastructure upgrades necessary to increase its annual production capacity to 160,000 tonnes per year. Total capital expenditure is expected to be C$315,000 and will take approximately 2 months to complete.

ABOUT DIRECT APPLICATION NATURAL FERTILIZER

DANF is an environmentally friendly, natural fertilizer derived from phosphate-rich rock types. It can be used on its own or in combination with other phosphate-based fertilizers in order to increase crop yields. Farmers in Brazil’s Cerrado region prefer using DANF on their crops, however local supply is limited and the alternative, imported phosrock, is highly-priced due to transportation and other importation costs. By being the only DANF producer within a 500 km radius of its production facility, DuSolo is able to meet the needs of farmers in the area by providing a premium product at competitive prices.

DuSolo produces DANF during Brazil’s planting season, which typically goes from April to October. During the rainy season, November to March, the Company intends to carry out care and maintenance at the Plant in advance of the next planting season.

ABOUT DUSOLO

DuSolo Fertilizers Inc. (TSX VENTURE:DSF)(OTC PINK:ELGSF)(FRANKFURT:E6R) is a producer and distributor of phosphate based fertilizers within the Cerrado region of Brazil, one of the fasting growing agricultural producing regions globally. As part of a nationwide effort, incentivized by the government, DuSolo’s goal is to increase the supply of domestically produced fertilizers and help the region achieve agricultural self-sufficiency.

On behalf of the Board of Directors DuSolo Fertilizers Inc.

Eran Friedlander, President and CEO

Forward-looking statements

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward-looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Disclosure

The Company is not basing its decision to begin production of DANF on a feasibility study of mineral reserves demonstrating economic and technical viability. Without a technical report demonstrating economic and technical viability, there is increased uncertainty as to whether DuSolo will be able to economically produce DANF products and as to whether DuSolo will be confronted with any unforeseen technical impediments. Similarly, the Company has not completed a preliminary economic assessment before making production and project expansion decisions.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

DuSolo Fertilizers Inc.
Eran Friedlander
President and CEO
604-272-7157
[email protected]
www.DuSolo.com

AGORACOM Welcomes DuSolo Fertilizers (TSX-V:DSF) Capitalizing on Brazil’s Growing Demand for Fertilizer

Posted by AGORACOM-JC at 5:25 PM on Wednesday, June 10th, 2015

BY BEING A DOMESTIC FERTILIZER PRODUCER, DUSOLO IS ABLE TO OFFER A PREMIUM PRODUCT AT A SIGNIFICANTLY LOWER COST

  • Entered into a two-year, 60,000 tonne sales contract (30,000 tonnes per year) for its 15% P2O5 Direct Application Natural Fertilizer product with a local Brazilian fertilizer distributor
  • Over the term of the Contract, the Buyer has agreed to pay BRL230 per tonne for total proceeds of BRL13,800,000 or approximately C$5,500,000


  • Assets host at surface, high-grade phosphate mineralization, which allows for a simple mining and processing method
  • Direct Application Natural Fertilizer (DANF) product is in high demand in the region
  • No additional transportation or logistics costs are added to our DANF product prices

BRAZIL IS ONE OF THE WORLD’S FASTEST GROWING AGRICULTURAL ECONOMIES

  • World’s largest exporter of sugar, coffee and orange juice and the second largest in soybean exports
  • Domestic fertilizer supply does not meet current demands
  • Brazil currently imports more than 50% of phosphate fertilizers from it uses overseas
  • Significant transportation and logistic-related costs are added to imported fertilizers

MANY NEAR TERM CATALYSTS EXPECTED

  • Entering into additional DANF product sales contracts

  • Doubling capacity at  processing facility to 160,000 tonnes per year
  • Updating the National Instrument 43-101 Resource Estimate to include results from the 2015 drill campaign – Recent drill results confirm presence of additional high-grade phosphate mineralization beyond areas identified in initial resource estimate
  • Third Party Economic Evaluation of Operations Planned for 2015
  • Cash flow from operations

PHOSPHATE IS BECOMING AN IMPORTANT COMMODITY


  • The growing global population is creating an ever-increasing demand for food

  • Agricultural production requires the use of fertilizers from three essential minerals Nitrogen (N), Phosphorus (P) and Potassium (K) or (“NPK”)
  • Demand for phosphate-based fertilizers is rising, while existing global phosphate reserves are declining
  • It’s estimated that “peak phosphorus” production will occur by 2030
  • Brazil’s has a substantial shortage of domestically produced phosphate fertilizers; as a result the government considers it to be a strategic commodity

ADVANTAGES OF OPERATING IN THE CERRADO REGION

  • The Cerrado region is home to the largest arable land mass in the world – Majority of future increases in global food production is expected to come from this region

  • The tropical rains in the Cerrado wash away nutrients, leaving the soil poor for farming and needing to be fertilized frequently
  • Cerrado is land locked, therefore making fertilizer imports very expensive
  • Within a 500 km radius of DuSolo’s processing facility:
    • 1.2 million tonnes of phosrock is being consumed every year
    • 585 farms and agricultural centres exist
    • DANF consumption is growing at a compound annual growth rate f 6%
    • No domestic production

What’s the real cost of your fresh salad?

Posted by AGORACOM-JC at 11:52 AM on Friday, April 17th, 2015

[email protected] army of modern-day “slaves” are being used to grow the salad and winter vegetables that fill Britain’s supermarket shelves.

The claims are made by politicians and workers in Spain who say migrants employed to pick salad for companies whose produce ends up on the shelves of British supermarkets are routinely mistreated, forced to work weeks on end, cheated out of wages and exposed to pesticides.

‘Responsibly sourced’

Tesco, Marks and Spencer, Waitrose, Sainsbury’s and Asda all say they source our food responsibly and they have all signed up to the Global Ethical Trading Initiative, designed to protect workers’ rights. M&S promotes its Field to Fork policy assuring customers its suppliers adhere to high standards. Waitrose claim their produce is “responsibly sourced”.

They suck the blood out of people. You work for two or four months and then they sack you without severance. Lettuce picker

But an investigation by Channel 4 News has spoken to workers picking vegetables for a Spanish company whose produce is supplied to Tesco, Sainsbury’s Asda, Waitrose and Marks and Spencer. The company,  grows conventional and highly priced organic lettuces, herbs and salad leaves in a trade worth almost 30m euros a year.

uses an employment agency called Integra Empleo to provide casual workers to pick the produce in its fields. Workers spoken to by Channel 4 News claim the agency routinely mistreats the workers.

One lettuce picker told the programme: “They suck the blood out of people. You work for two or four months and then they sack you without severance, without payment, without anything. If we work 26 days, they write down 16 or 18. They always steal seven or eight days. It’s not right.”

Another worker claimed he had worked 22 days in one month, but was only paid for 17. When he complained, he says he was told: “You’ve been paid the amount of money you deserve. If you think that’s not enough then you can leave.”

‘They do not care’

Among the many allegations the workers say they are forced to work overtime but often not paid for it and if they refuse they are sometimes blacklisted.

The cold I feel is inside from the fumes I inhaled whilst they were fumigating. Former worker

Under EU laws it is illegal for pickers to be in close proximity to pesticide machines as they work. But Channel 4 News filmed dozens of people working in the same field while chemicals were being sprayed.

One worker said she fell ill when working in fields where pesticides were being sprayed. That was two years ago but even after multiple operations on her sinuses she is in constant pain and unable to work.

She said: “They spray whilst employees work. All that matters to them is fulfilling their clients’ orders. They do not care.” She added: “The cold I feel is inside from the fumes I inhaled whilst they were fumigating. I find it difficult to speak. I feel worse and worse.”

Another worker told Channel 4 News that just weeks ago he was rushed to hospital after breathing in fumes. He was signed off by a doctor with bronchitis caused by exposure to pesticides. The following day he was fired by the employment agency Integra Empleo.

told us: “No pesticides are permitted on farms to be harvested. Workers are forbidden to enter any farm within 24 hours of the application of pesticides. management are not aware of any relevant incidents taking place.”

Workers and unions in the region say exposure to pesticides is common across the industry in southern Spain and is not confined to one company. Channel 4 News filmed the giant pesticide sprayers at work in another company’s salad farm, while workers were working the same field close by.

Seasonal Workers employed through agencies also told Channel 4 News that they:

  • were often paid by the number of boxes they filled, rather than by the hour as stated in their contracts, which they say forces them to work longer hours for less money.
  • would be compelled to work overtime but often not paid for it.
  • would be blacklisted if they refused to work overtime.
But with high unemployment in Spain, many migrant workers are still desperate to earn a living. We were told the police were aware of this practice taking place but little was done to stop it.

Ethical trading

All the major British supermarkets have signed up to tough standards on working conditions for their suppliers and claim they try to enforce them rigorously and there is no suggestion they knew of the workers’ complaints.

The Ethical Trading Initiative says that all overtime should be voluntary and no deductions should be made from wages without a worker’s consent. It also says that workers must be free to voice complaints without being discriminated against.

All our top supermarkets say they abide by these rules and Tesco even says it has local ethical trade managers on the ground who investigate claims locally. They also all have strict health and safety rules.

But the allegations we heard during our investigation suggests that employment agencies who supply much of the seasonal casual labour are less than rigorous about maintaining ethical standards.itself states in its annual accounts for 2010 that it has saved on staff costs by “outsourcing” staff rather than employing them directly.

Both  and the employment agency Integra Empleo deny all the allegations and both companies say they have launched investigations into the claims.

told us it strongly denies any claim that it mistreats or exploits agency workers and said the fair treatment and safety of workers was “paramount”.

It said 15 third party audits had been carried out on its farms in 2014/15 but “only a discrete number of issues were highlighted.”

However, as a result of our investigation, it has ceased working with Integra Empleo and is making arrangements to directly employ the workers employed through them directly.​

‘Key concern’

Channel 4 News contacted all the supermarkets with these claims.

Sainsbury’s told us: “We expect our suppliers to adhere to the highest quality and welfare standards, regardless of where they operate in the world. We are taking these allegations very seriously and will be conducting our own investigation.”

Waitrose told us: “Worker welfare is very important to us – our supplier is investigating these allegations and will ensure that our high standards are being met.”

The British Retail Consortium which represents all the supermarkets told us: “Ensuring workers are treated fairly in our supply chains is a key concern for retailers and we know all supermarkets will examine these allegations closely to take both immediate action where appropriate and refine their auditing procedures.

“Investment in ethical auditing has been a priority for UK supermarkets and they will continue to improve and adapt them to meet future challenges; something we made clear in our clear support for the Modern Slavery Act.

“However, ethical auditing is only one part of the solution to this which also requires effective day to day management of labour issues by suppliers and clear support from governments, both here and abroad, to enforce basic labour legislation.”

Abuse rife?

There are now more than 40 employment agencies supplying labour to farm growers in the Murcia region and trade unions say abuse of workers’ rights is rife.

Earlier this year, 5,000 of them turned out to demonstrate on the streets. Local politicians say the problem is widespread across the industry.

In a recent debate in the Murcia Regional Assembly, Pujante Diekman of the left coalition IU party said: “I believe that some of the working conditions are similar to slavery in some cases, and I have been able to verify that myself. I have seen it with my own eyes.

“This is an economy that can be described as slavery or semi-slavery, where workers have been cheated by cold blooded people, by people who have broken the law, plain and simple.”

Representatives from all parties, from left to right, voted in favour of a motion calling for working conditions to be improved.

Source: http://www.channel4.com/news/salad-supermarkets-cost-migrant-exploitation-pay-pesticide