Phosphates producer Compagnie des Phosphates de Gafsa (CPG) has announced a state of alarm after a communication by the government on China’s proposal to invest in the country’s phosphate residues.
Chinese and Tunisian investors have promptly presented a formal offer to the local government to bring out enormous investments in phosphate residues.
Both parties tentatively proposed progressively eliminating the mining area, southwest of Tunisia, from these polluting residues.
They also proposed recycling the residues and carefully restoring them to the economic cycle decades after being cast aside.
This specific proposal has sparked an intensive debate between the Tunisian government and union leaders.
The CPG had earlier declined to enable Tunisian companies from investing in this field, considering phosphate residues are deemed a “valuable stock” that can be resorted to in the forthcoming years in case local production declines.
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