--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20260617-bifox-buys-into-perus-550mt-bayovar-9-phosphate-rock-project/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Bifox buys into Peru’s 550mt Bayovar 9 phosphate rock project Publication Date: 2026-06-17T13:00:00-04:00 Last Updated: 2026-06-17T03:07:38-04:00 Author: Kim Clarksen (https://www.fertilizerdaily.com/author/kimclarksen/) Categories: [Markets](https://www.fertilizerdaily.com/markets/), [Corporate](https://www.fertilizerdaily.com/corporate/), [Mergers & Acquisitions](https://www.fertilizerdaily.com/corporate/m-and-a/), [Phosphate](https://www.fertilizerdaily.com/markets/phosphate/) ![Bifox buys into Peru’s 550mt Bayovar 9 phosphate rock project](https://www.fertilizerdaily.com/wp-content/uploads/2026/06/bifox-bayovar-9-mining.jpeg) A $10M entry buys 16.7% of the project, with an option to take full control of one of the largest undeveloped phosphate deposits in the Americas. [Bifox](https://bifox.com.au/) has acquired a 16.7% stake in Fosfatos del Pacífico (Fospac), the owner of the 550-million-tonne Bayovar 9 phosphate rock project in northern Peru, for $10M in cash, with an option to acquire the remaining stake. The stake was purchased from Fossal, part of the Hochschild group, Bifox said. The company holds a call option over the remaining 83.3% of Fospac, exercisable for $50M following a planned pre-IPO fundraising. Bayovar 9 holds a total resource of 550 million tonnes, comprising 209.3 million tonnes in the measured category, 183.6 million tonnes indicated and 153.3 million tonnes inferred. The deposit sits about 15 km from a port on Peru's northern coast, giving it direct access to seaborne export routes. ![](https://www.fertilizerdaily.com/wp-content/uploads/2026/06/bayovar-9-map.png)Image Credits: Bifox The company plans initial output of 2.5 million tonnes per year, with capacity expandable to 5 million tonnes. Chief executive Tim Koster said the deal positions Bifox as a supplier of phosphate rock, a material classed as critical by the United States, European Union, United Kingdom, Japan, Canada and South Korea. Production timelines will follow the pre-IPO raise that triggers the buyout option. Source: [World Fertilizer](https://www.worldfertilizer.com/phosphates/16062026/bifox-acquires-phosphate-rock-project-in-peru/) Tags: [Bifox](https://www.fertilizerdaily.com/tag/bifox/), [critical minerals](https://www.fertilizerdaily.com/tag/critical-minerals/), [mining](https://www.fertilizerdaily.com/tag/mining/), [Peru](https://www.fertilizerdaily.com/tag/peru/), [phosphate](https://www.fertilizerdaily.com/tag/phosphate/), [phosphate rock](https://www.fertilizerdaily.com/tag/phosphate-rock/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.