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Phosphate: Capability to Deliver

Consistent with our strategy of leveraging our rock quality to further strengthen product and margin diversity, we have begun a $260 million debottlenecking project at Aurora. A new sulfuric acid plant, expected to be completed in 2009, will make possible an additional 180,000 tonnes of annual phosphoric acid production that can be used in any combination of downstream products that maximizes phosphate gross margin.