Ryowa Group has received a loan for its outback Queensland Phosphate Hill asset as the federal and state governments move to ramp up domestic fertiliser production capability.

The government funding will secure jobs at Phosphate Hill, as well as Glencore’s Mount Isa copper smelter that was on the brink of collapse.

Ryowa Group has received a loan for its outback Queensland Phosphate Hill asset as the federal and state governments move to ramp up domestic fertiliser production capability.