South Harz Potash Ltd has announced the execution of an MoU with Deusa, the owner of the neighbouring property to South Harz’s Ohmgebirge potash development in Thuringia, Germany.
BHP has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash project in Saskatchewan, Canada.
Due to increasing demand for potash and strong engagement in key offshore markets, Canpotex is fully committed on shipments of potash through December 31, 2023.
Kore Potash has announced that it has received a further letter of support from the Ministry of Mines of the Republic of Congo, for the Kola Potash Project.
The company’s two largest shareholders, the Oman Investment Authority (OIA) and Sociedad Quimica y Minera (SQM) will be offered the opportunity to subscribe for new ordinary shares at the subscription price as is required under their investment agreements with Kore Potash
The offtake agreement is for 500 000 tpy of potash, while the marketing agreement is to sell Brazil Potash's remaining 1.9 million tpy of potash.
The potash development company has signed a Heads of Agreement with Electric Power Construction Corporation to construct Kola.
After closing financing deals with Appian Capital and Vantage Chance in May, the project kicked off with key contractors in mid-June, with mobilisations now occurring at the site.
The Tugaske Project is the first modular, vertically integrated, and environmentally sustainable potash production facility proposed to be constructed on Gensource’s mineral leases in its Vanguard Area.