Our Operations

COMESA Trading Agreement

In August 2015, Block Commodities entered into a trading agreement with the Common Market for Eastern and Southern Africa ('COMESA'), a free trade union for twenty African member states, and the Mask Africa Crowd Farm Fund Limited ('MACFF'), with a view to creating a vertical platform for the mining, production and distribution of fertiliser, focussed on the Eastern and Southern Africa (COMESA States) region and beyond. This represents a significant step in the development of the Company's corporate strategy to transform into a vertically integrated African fertiliser business.

Under the terms of the agreement Block Commodities will supply and deliver fertiliser to off-takers identified and introduced by COMESA.

Importantly, this offers near term revenue potential and is the first agreement of this nature entered into by COMESA, representing a significant milestone in the African fertiliser industry and providing Block Commodities with a strategic first-mover advantage.