{
  "id": 12153912,
  "title": "Millennial Potash targets 2029 production as US-backed Gabon project advances",
  "url": "https://urgent.news/2026/10/05/millennial-potash-targets-2029-production-as-us-backed-gabon-project",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T13:00:00.000Z",
  "source": {
    "name": "Mining.com",
    "slug": "mining-com",
    "url": "https://www.mining.com/millennial-potash-targets-2029-production-as-us-backed-gabon-project-advances/"
  },
  "original_language": "en",
  "account": "Millennial Potash aims for 2029 production at Banio potash project in Gabon as the Canadian developer advances a definitive feasibility study. The company expects to complete the DFS by the end of the year, paving the way for a final investment decision in early 2027. Millennial is exploring solution mining and considering larger operations beyond the 800,000 tonnes per year initially projected. The U.S. International Development Finance Corporation (DFC) has contributed $3 million to the feasibility work, with potential financing for construction. Millennial is also conducting environmental and social impact studies, which are expected to conclude in the first quarter of 2027. The project aims to diversify potash supply by offering an alternative source for Africa, the United States, and other major agricultural markets, reducing reliance on Russia, Belarus, and Canada. Gabon's Atlantic coast location offers geographic and political advantages, with no constraints on shipping or trade. The company is in discussions with potential offtakers, including a large Brazilian potash consumer, a U.S. agricultural company, African groups, and buyers in Asia, with announcements likely following the DFS completion.",
  "summary": "\"I don't want to replace Canadian potash,\" CEO said. \"Actually, I want to replace Russian potash.\"",
  "key_points": [
    "Millennial Potash targets 2029 production at Banio project in Gabon",
    "U.S. DFC provides $3 million for feasibility study",
    "Project aims to diversify potash supply and reduce reliance on Russia"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}