Business
Centurion Reports Sales Ramping Up; Receives Purchase Order for 7500 Tonnes of Agri-Gypsum Fertilizer
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2018) - Centurion Minerals Ltd. ...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Reports Sales Ramping Up; Receives Purchase Order for 7500 Tonnes of Agri-Gypsum FertilizerVancouver, British Columbia--(Newsfile Corp. - September 11, 2018) - Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") is pleased to announce that its joint venture operating partner (\"Demetra Fertilizantes S.A.\" or \"DFSA) has confirmed receipt of a \"follow-on\" purchase order for export totaling 7,500 tonnes of agri-gypsum fertilizer products processed at the Joint Venture's Ana Sofia project, Argentina. Additional domestic and export orders are currently in negotiation and will be announced as they are finalized. Preparations have commenced to fulfill the above-mentioned purchase order and the Company anticipates completion of delivery within the first half of its fiscal year. The purchase order consists of both premium powder and granular materials, as well as a blended product having a total value of approximately C$650,000.Centurion's President & CEO, David Tafel, commented: \"We are pleased to see the efforts of DFSA to expand its customer base, have started to yield repeat business. This purchase order represents a tonnage increase 4 times larger than the client's initial filled order.\"Demetra's President, Sebastian Cattaneo, also commented: \"With export sales priced in USD, we've limited our risk associated with Argentina's present currency fluctuations. In fact, we're selling fertilizer in USD, while our production costs are largely denominated in Argentine Pesos.\" ABOUT THE ANA SOFIA PROJECTThe Ana Sofia Project includes an agri-gypsum open pit mine and processing facility having a current design capacity of 4,000 tonnes/month. Gypsum is extracted from near-surface, flat-lying beds within the sedimentary formation that extends throughout the Ana Sofia Property, located in Santiago del Estero Province, Argentina. The gypsum rock is fed into primary and secondary crushers, then screened and sorted into two agri-gypsum fertilizer products. The plant is designed to produce a pellet-sized granular product and a fine powder product (comprised of a minimum 85% gypsum content) that are each packaged into one tonne tote bags. Agricultural gypsum (calcium sulfate dihydrate) is a valuable plant nutrient and plays a vital role in maintaining soil structure and nutrient balance in South Ame...