PROJECT OVERVIEW
The local YACIMIENTOS DE FOSFATOS Y SALMUERAS DE BAYOVAR is currently gearing-up to develop its Bayovar phosphate rock mine. The deposit in question reportedly contains an estimated 300 million metric tons of reserves.
Development plans under consideration also include the construction of an ore concentrator and associated port facilities. The cost to complete the proposed upgrade project has been pegged at $600,000,000.
As things currently stand, the MINISTRY OF MINING & ENERGY is planning to privatize the Bayovar deposit and