Headquartered in Melbourne Australia, with offices in New York City as well, Legend International Holdings, Inc is a mining and agriculture resource-development company. The Company’s primary focus is on developing their phosphate deposits in the Georgina Basin in Queensland, Australia. The Company’s exploration licenses include approximately 5.2 million acres in Queensland and the Northern Territory, Australia.
Legend International Holdings Inc.’s acreage in the Georgina and McArthur River Basins in Queensland and Northern Territory, are prospective for phosphate. Legend’s phosphate interests in the Georgina Basin in Queensland include Lady Annie, Lady Jane, D-Tree, Thorntonia, Lily Creek, Quita Creek, Sherrin Creek, and Highland Plains. These have historical deposits of a minimum of 1.4 billion tonnes.
Legend is working to develop and mine their phosphate deposits to produce an average of 5 million tonnes per year of phosphate rock concentrate by 2010. The Company is also proceeding with their plans for a listing on the American Stock Exchange (AMEX).
Legend has an off-take Agreement with IFFCO, India’s largest Fertilizer Enterprise, for 4mt (80 percent of production) per year. IFFCO will act as the marketing agent for the 20 percent of annual production it does not purchase. IFFCO purchased 15 million shares in Legend and received 30 million options. Dr. Awasthi -Managing Director IFFCO, and Mr. Gupta –Executive Director Strategy IFFCO, are now on the Board of Legend International Holdings Inc.
IFFCO provides technical expertise and personnel to Legend for project and operational facilitation and will assist Legend in gaining financing for the development and construction of the company’s phosphate mine and infrastructure. Legend is exploring opportunities to produce other value-add fertilizer products. These include Phosphoric Acid, Triple Super Phosphate, DAP, MAP, Ammonia, and Urea. Legend’s Agreement with IFFCO gives IFFCO first right of refusal over such developments and projects.
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