Bifox Limited acquires 16.667% stake in Fosfatos del Pacífico S.A. from Fossal S.A.A. for US$10 million
Type: Acquisition · Technology: Mining · Country: Peru · Value: $10M · Announced: 2026-06-15
Bifox Limited agreed to acquire a 16.667% stake in Fosfatos del Pacífico S.A. from Fossal S.A.A. for US$10 million in cash, positioning Bifox as a key player in the global phosphate rock supply chain. The transaction centers on the Bayovar-9 Phosphate Rock Project in Peru, a high-grade phosphate deposit with an estimated 550 million tonnes of phosphate rock reserves. This acquisition marks Bifox's strategic entry into the phosphate market, a critical input for agricultural fertilizers, as global demand for food production intensifies. The deal follows Bifox's recent expansion into natural resources, aligning with its long-term strategy to diversify into essential commodity supply chains. No additional terms, financing structure, or regulatory milestones were disclosed in the announcement.
Counterparties
- Bifox Limited (Buyer)
- Fossal S.A.A (Seller)
- Fosfatos del Pacífico S.A (Seller)