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RWD has a new CEO !, page-17

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    To put some further perspective on scale, in 2010 Mitsui purchased a 25% stake in the Bayovar phosphate project in Peru for US$275M.
    This gave them a 25% right to off take.
    This project is a 3.9MT per annum project. The Moroccans are putting out nearly 30MT per annum. Rock phosphate prices are under $100 per ton. Start doing the maths. 975ktpa at $100/T doesn't look that flash compared to a 400ktpa SOP operation.

    http://www.mitsui.com/jp/en/innovation/business/vale/index.html
 
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