Floated at 120p on June 08 raising 33.6m to fund the development of a fertiliser factory, has used $5.9m for adquisitions September 08 and said it still had $26.9m left at 30 June 09.

The company has a phosphorous rock deposit in Kazakhstan totalling 800 million tonnes capable of producing fertilisers for the next 56 years.
The deposit lies in a flat lying position on the Kazakh steppes close to surface so will be cheap to mine and the world still needs fertilisers.
Positive points
1. Shallow - 1 to 3m depth. Ultra low cost to extract.
2. Close to Tengiz oil field which has high sulphur content, hence cheap source of sulphuric acid.
3. Located at junction of two main railway lines giving direct access to Russia/China.

Sunkar is suppose to be one of the lowest cost producers in the World at sub $125 per DAP (die-ammonium phosphate) tonne. The average is circa $200 with some producers as high as $300.
The case for phosphate deposits is population growth means more agriculture means more fertiliser needed in the future.
RESUME SKR produce phosphate for DAP fertilizer and have licenses and acrage in Kurdistan to last 50-70yrs producing in excess of 100M tonnes of raw material each year. 160m shares in issue, directors own a significant chunk. Also they have a cheap source of sulphur required to produce the DAP

Phosphorus - its role and nature
Phosphorus (chemical symbol P) is an element necessary for life. Because phosphorus is highly reactive, it does not naturally occur
as a free element, but is instead bound up in phosphates. Phosphates typically occur in inorganic rocks.
As farmers and gardeners know, phosphorus is one of the three major nutrients required for plant growth: nitrogen (N), phosphorus (P) and potassium (K).
Fertilizers are labelled for the amount of N-P-K they contain.
Most phosphorus is obtained from mining phosphate rock. Crude phosphate is now used in organic farming, whereas chemically treated forms such
as superphosphate, triple superphosphate, or ammonium phosphates are used in non-organic farming.
The current major use of phosphate is in fertilizers. Growing crops remove it and other nutrients from the soil... Most of the world's farms do not have or
do not receive adequate amounts of phosphate. Feeding the world's increasing population will accelerate the rate of depletion of phosphate reserves.
and...
resources are limited, and phosphate is being dissipated. Future generations ultimately will face problems in obtaining enough to exist.
It is sobering to note that phosphorus is often a limiting nutrient in natural ecosystems. That is, the supply of available phosphorus limits the
size of the population possible in those ecosystems.

13 May 09 conference - fertilizers link about SKR ....minesite

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No respite from high farm prices this decade
Fri 17 Jun, 2011 09:15 --By Gus Trompiz

PARIS (Reuters) - World commodity prices will keep up their relentless push higher this decade compared to previous years, supported by burgeoning demand for food and fuel as well as knock-on effects from energy costs, the FAO and OECD said.

Prices of major farm commodities, however, should ease from highs seen in the past year as the recent spike spurs increased output, a report said ahead of a key summit next week where G20 agriculture ministers will grapple with volatile food prices.

"Commodity prices should fall from the highs of early 2011, but in real terms are projected to average up to 20 percent higher for cereals (maize) and up to 30 percent for meats (poultry) over the 2011-20 period compared to the last decade," the report said.

World food prices hit a record high earlier this year, triggered mainly by bad weather, reviving memories of soaring prices in 2007-2008 that sparked riots in countries such as Egypt, Haiti and Cameroon.

President Nicolas Sarkozy, head of the G20 leading economies, is gunning for a summit deal imposing tough new rules on speculators, whom he blames for the surge in food prices which have gained nearly 40 percent over the past 12 months.


G20 agriculture ministers meet in Paris next week.

Most food commodities were set to see increased average prices in real terms versus the past decade while all were expected to rise in nominal terms, the report by the United Nations' Food and Agriculture Organisation and the Organisation for Economic Cooperation and Development said.

A recovery in agricultural stocks after a drawdown that fuelled high prices in 2010/11 will be limited by production constraints such as declining yield growth and rising input costs, the bodies said in their joint Agricultural Outlook 2011-2020 report published on Friday.

Global agricultural output was projected to grow at 1.7 percent annually on average in the next 10 years, down from 2.6 percent in the previous decade, reflecting lower crop growth.

"The global slowdown in projected yield improvements of important crops will continue to exert pressure on international prices," the report said, adding this would be partly offset by productivity gains in emerging countries.

The FAO warned in a separate report last week that a forecast rise in world grain output this year would not be enough to build up stocks and bring much lower prices, even if its world price index has eased from a record high in February.

FEED, FUEL TO DRIVE MAIZE PRICES

Rising costs of inputs like fertilisers and other farm chemicals sensitive to oil prices would also curb output by pressuring profitability, the joint FAO and OECD report said, estimating nominal maize prices would not increase in the period to 2020 when deflated for U.S. production costs.

Like in their joint outlook last year, they pointed to growing use of grains in biofuels as contributing to price pressure by reinforcing a link with energy markets and by raising demand for foodstuffs like maize and vegetable oils.

Together with other international organisations, they have called on the Group of 20 leading economies to end subsidies for biofuels in order to help rein in food costs, adding their voice to a fierce debate over biofuels that has been framed by critics as a question of "food versus fuel.

In their new report the FAO and OECD also reiterated their support for measures to improve productivity, market information, policy coordination and risk management in order to stem price volatility, themes that are set to be endorsed by G20 farm ministers at their meeting next week.

Among cereals, the sharp rise in average prices for maize (corn), linked to robust demand for the crop in both ethanol fuel and animal feed, would outstrip stable wheat prices and cut the price spread between the two crops to close to 1.2 by 2020 versus 1.4 in the previous decade, the FAO and OECD report said.

By 2020 biofuels were projected to absorb 13 percent of global production of coarse grains, primarily maize, 15 percent of vegetable oil and some 30 percent of sugar. Sugar prices were expected to remain higher on average to 2020 versus the previous decade, after coming off a recent 30-year peak, but will see cycles linked to government policies, notably in India, and conditions in top producer and exporter Brazil, the report said.

Meat prices in real terms would also stay on a higher level, supported by growing demand in developing countries and as rising input costs limit price-driven herd expansion.

When all is said and done, you can sum it up like this. World population is set to increase by another 80 million this year. If the world cannot produce enough food, price rises are as inevitable as the rising ( or setting ) sun.

the new gold will be WATER.

time for me to buy back again

Tuesday, 21st June 2011, by Agrimoney.com

Investors 'too afraid' over huge Saudi phosphate project
Are phosphate investors getting too scared about Ma'aden?

The phosphate project, a joint venture between the Saudi Arabian Mining Company and Saudi Basic Industries Corporation, is certainly a big deal, costing some $6bn.

The tie-up, which announced on Monday it had started production of phosphates, will have capacity of 3m tonnes a year once it gets going in earnest next year.

That is equivalent to meeting some 7% of world consumption in one swoop, which would appear poor news for prices given demand which has, over the last 20 years, stayed pretty much static.

And it looks especially poor news for producers in Morocco, being situated closer to India, a huge buyer of the fertilizer, with imports of 8m tonnes last year.

"It is going to take a tremendous slice out of Morocco's marketing," Donald Sinclair, finance director at phosphate miner Sunkar Resources, said.

Capacity constraints

But Ma'aden alone is not the answer to the world's phosphate needs, for two reasons, he believes.

First, capacity is also being closed, typically for environmental reasons.

Mosaic, the world's biggest phosphate group, has had found its ambitions for the South Fort Meade mine in Florida constrained by concerns over wetlands.

And Mr Sinclair named an Indian group he believed would close down a mine this year over a lack of space to store gypsum - a byproduct of making the fertilizer, which might find a ready market too (it is better known as Plaster of Paris) were it not for the high levels of uranium in the phosphate industry's output.

'Frightened everyone off'

Secondly, phosphate demand is set to grow, as will that of other fertilizers, as the need to feed an expanding world population encourages farmers to maximise yields.

The flat world phosphate consumption over the past 20 years actually conceals an early-1990s dip - when the break-up of the Soviet Union prompted a steep downturn in the region's agriculture, which had been used to heavy state support- and a rebound thereafter.

And phosphate demand is expected to keep growing at about 2% a year, equivalent to more than 1m tonnes a year, and near-doubling consumption, to 80m tonnes a year, around 2040, according to UK-based consultants Cru Group.

"Ma'aden has frightened everyone else off from phosphate in the short term," Mr Sinclair told Agrimoney.com.

"But taking growing demand into account, the addition of 3m tonnes of capacity at Ma'den gets swallowed up pretty quickly."

Pros and cons

Of course, Mr Sinclair would say that, as the finance director of a company looking to raise $880m to set up a phosphate fertilizer plant in Kazakhstan, where it is already mining the key raw material of phosphate rock from a Soviet-era mining concession.

The snag with the project, named Chilisai, is the relatively low concentration of phosphate in the rock at its deposit, which comes in at about half the 30-32% found in Morocco - meaning buyers need to transport twice as much to get the same level of fix.

The upside is the proximity of sulphur and ammonia supplies, key requirements for turning rock into fertilizer, and handy rail links into the former Soviet Union and China.

Indeed, it would be cheaper, in rail costs, to transport phosphate from Chilisai to north west China than from plants in the south of China, with the Caspian Sea offering shipping routes to Iran too.

'Not that risky'

The result, on Mr Sinclair's calculations, is a project offering $8.4bn of revenues over 20 years, with earnings before interest, tax, depreciation and amortisation of $171m in 2016, rising to $212m in 2025.

That washes out as an internal rate of return of 13.8%, after tax.

Is that a justifiable reward for investing in a country which, by reputation, is not one of the world's easiest places to do business?

"Kazakhstan is not that risky. Many people see it as a better bet than Russia," Mr Sinclair said.

Indeed, Transparency International rated Kazakhstan above Russia in Ukraine in its latest corruptions index, and on a par with Argentina, if below levels of major Western economies.

And Mr Sinclair, who was brought up on a sheep farm on a remote island in the UK's Outer Hebrides, might know a thing about wild and woolly places.

News of update today

Project Operations Update

Sunkar Resources plc (AIM:SKR) is pleased to present an update on its ongoing dicussions with potential strategic partners on the Chilisai Phosphate Project and Direct Application Rock ("DAR" or "phosphate flour") sales.

Discussions with several potential strategic partners ongoing

DAR sales interest growing as revised fertilizer subsidy scheme implemented

Industrial scale testing now anticipated in Q3 2011

Feasibility Study anticipated in late Q3 2011

Strategic Partner discussions

The Company is in discussions with several potential strategic partners for the Project in parallel with developing the Feasibility Study for the Chilisai project.

Interested parties are undertaking due diligence, with access to the full Preliminary Feasibility Study Report, and technical and geological information. A number of the parties have already completed site visits. Amongst those parties conducting due diligence, are well established fertilizer market operators as well as non-industry specific parties.

DAR sales

The Company launched its first milling train in December 2010 and the milling and loading complex was completed and commissioned within the first quarter of 2011. Operations are anticipated to ramp up in the second half of the year following the implementation of the revised Kazakhstan government fertilizer subsidy programme. As a result of this delay in the domestic subsidy changes, interest in DAR sales came mostly from Russian buyers, farmers and fertilizer blenders, who after trialing DAR are interested in further orders. The Directors believe that establishing commercial relations with bulk fertilizer trading organizations is of particular importance for the Company at this stage.

The Company has signed several agreements for subsidised commercial sales of DAR with local Kazakhstan agricultural producers. The shipment volumes contracted are in excess of 3,000 tonnes of DAR which is to be delivered during the period of July- August 2011.

Initial market reaction has convinced the Directors that DAR sales will grow during the short to medium term and they expect these to provide considerable cash flow to the Company as it progresses through the next stage of the Chilisai Phosphate Project's development. The growing interest in Chilisai phosphate product underlines the potential of phosphate flour providing a good, relatively low cost source of phosphate for farmers in the region.

Industrial Scale Testing

Since Sunkar initiated DAR production, significant interest has been shown by potential industrial buyers to secure bulk phosphate rock shipments.

The Company announced on 7 April 2011 that it had signed a protocol with the Russian company Meleuzovskie Mineralnye Udobreniya ("MMU") to conduct industrial scale tests in the first half of 2011 at its compound fertiliser plant in Meleuz, Russia. MMU recently notified the Company that capital repairs are required to their phosphoric acid unit to replace failing mechanical equipment and suggest that industrial scale tests are conducted after the completion of renovation. Therefore it is intended to revisit the industrial scale tests agenda in the third quarter of 2011.

The Directors believe that cooperation with MMU may result in an agreement for a long term off-take of a substantial part of the current output at the Chilisai mine.

Feasibility Study

Completion of the Feasibility Study will be pivotal in the development of the Chilisai Phosphate Project so it is of paramount importance to ensure that all aspects of the report are comprehensively prepared, reviewed and coordinated. The majority of the study, in particular the technical aspects, is virtually complete. Currently, verification testing for final technology approvals is being completed.

Agreeing the scope of another essential aspect of the Feasibility Study - the Environmental and Social Impact Assessment ("ESIA") has taken a substantial amount of time due to the various sets of requirements and regulations of the Kazakhstan legal system, the engineering firm's internal standards, Equator Principles, World Bank guidelines and recommendations by the project finance advisor. There are certain obligatory stages of an ESIA, such as public hearings in the area of the future chemical plant, which can only be conducted after the basic design of the chemical plant has been finalised. The completion of the ESIA is anticipated in the third quarter of 2011. Accordingly, the Directors currently anticipate that completion of the Feasibility Study will be towards the end of 3Q 2011.

Serik Utegen, Chief Executive Officer commented - "We are generally very satisfied with the progress made to date. The seriousness of potential partners' approach to due diligence is encouraging and we look forward to seeing a very active second half of this year. The feasibility study for the project must account for all possible aspects of its future construction and operation and requires the sign-off of by a number of parties. We are glad to see the majority of the work has been completed and the study is now in the final stages of completion."

"Following the implementation of the Kazakhstan fertilizer subsidy programme, we have started to receive orders for DAR from Kazakhstan farmers and whilst overall quantities remain modest, the growing interest is encouraging."

up she goes again

I thought that was you MRSI :-)

http://www.investegate.co.uk/Article.aspx?id=201107190700116142K

StockMarketWire.com
Sunkar Resources has announced an update on its phosphoric acid and phosphate fertilizer technology tests.

Full international specification DAP and MAP can be produced from Chilisai rock - two independent acid treatment technologies have been evaluated at the pilot scale and the test results are positive and consistent with earlier laboratory and bench-scale tests

Serik Utegen, Chief Executive Officer commented:"We are very pleased that the pilot plant re-confirmation tests and acid post treatment tests have produced the results we have been expecting.

"The confirmation that our phosphoric acid technology is valid for phosphate rock collected from various parts of our very large deposit gives the Board confidence that the chemical complex we are proposing to build will process the Chilisai mine output consistently through many decades."

RNS Number : 1477L

Sunkar Resources PLC

27 July 2011

Sunkar Resources plc ("Sunkar" or the "Company")

Drawdown on Equity Line Facility and Total Voting Rights

Sunkar Resources plc (AIM:SKR) announces that it has drawn down GBP301,750 of the Equity Line Facility with Dutchess Opportunity Cayman Fund, Ltd ("Dutchess") and First Columbus LLP which was announced on 30 June 2010. The funds will be used for working capital purposes. The undrawn amount of the Equity Line Facility is GBP8,598,250.

A total of 1,775,000 ordinary shares of 0.1p in the Company (the "Ordinary Shares") at a price of 17p (as determined pursuant to the terms of the Equity Line Facility) have been allotted to Dutchess subject only to admission to trading on AIM, which is expected to occur on 1 August 2011.

Upon admission of the Ordinary Shares, the Company will have 166,634,074 ordinary shares in issue. The Company does not hold any shares in Treasury. The total voting rights in the Company upon admission of the Ordinary Shares will be 166,634,074.

there are now taking the piss out of private investors get out

.

10p is coming do not buy

In @12p :-)

in 12 months these will be 3p

This stock holds all the cards I dislike, pity them, Overseas business, private equity (Cayman Is, even?) Drawdown modes mounts stock dilution, high ratio face-value to mkt price (was even worse until recently). and a suspension.

Of course that might be perfectly OK and trading will resume before Friday...

Ah, but then with this number of cards - I don't like it.

news coming - good or bad?

the directors are rubbish get out .i did with good profits . do not buy insurance companys buy banks they will double in next 12 months

What's the story behind the suspension of trade in SKR ?