The anti-dumping measures against ammonium nitrate imports from Russia were initially imposed by Ukraine in 2008.
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The scope of work concerns execution of engineering, supply of all equipment and materials and construction and erection works. The project is expected to be completed in 36 months once it become effective.
The company received credit approval for a US$200 million senior debt facility earlier this year.
The industrial unit is expected to have a production capacity of approximately 1 million t upon completion.
The agreement allows the company to continue to optimise its logistics and port options for the Lake Wells Sulphate of Potash Project.
The two phosphate mines in Brazil were idled in April after the company was unable to obtain a deadline extension for providing stability certification for three of its tailings dams.
Weaker global demand and falling prices were cited by Ivan Golovaty, chief executive at state-owned miner Belaruskali, for reducing production.
The world-scale methanol plant will be located near the major Russian seaport Nakhodka in the Primorsky region with an intent to export its products to the Asia-Pacific Region.
Major Project Status is the Australian Government's formal recognition of the national strategic significance of a project, through its contribution to economic growth, employment, or contribution to regional Australia.
The MoU was signed on the sidelines of the ongoing African Green Revolution Forum in Accra, Republic of Ghana.
The project includes development of the company's KL262 property and a proposed 3.25 million tpy solution potash mining operation in Saskatchewan, Canada.
Final geochemical assays are expected in coming weeks, which will allow an updated geological model and JORC Mineral Resource Estimate to be completed prior to the end of October 2019.