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Feronia Announces Completion and Commissioning of Rice Mill

Feronia Inc. (FRN.V) announced that its wholly-owned arable processing, storage and distribution division, Kimpese Agro Industries Sprl, has achieved practical completion of its rice mill in the Bas-Congo province of the Democratic Republic of the Congo.

The rice mill has a five tonne per hour capacity which, allowing for downtime and maintenance, can process up to 30,000 tonnes of paddy rice per annum to produce approximately 20,000 tonnes of finished rice.

The company expects to make its first commercial sales of rice by December of this year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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