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Kropz sheds CEO following loan agreement

The chief executive of embattled Africa-focused phosphate developer Kropz has resigned after major shareholder African Rainbow Capital (ARC) agreed to loan the company US$2 million to fund vital tweaks to its Elandsfontein project.

Kropz sheds CEO following loan agreement Kropz sheds CEO following loan agreement Kropz sheds CEO following loan agreement Kropz sheds CEO following loan agreement Kropz sheds CEO following loan agreement

Kropz's most developed project is Elandsfontein on the west coast of South Africa

Ian Harebottle, who has been CEO of Kropz since March 2018, will step down from the role on February 29. Kropz has appointed current CFO Mark Summers as interim CEO.

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