MagIndustries Congo potash buy
Published: Thursday, 12 November 2009
Canadian miner extends permit area through acquisition of Potasse du Congo
Canadian mining group MagIndustries Corp. has, through its subsidiary MagMinerals Potash Corp., extended its potash potential in the Republic of Congo (Congo-Brazzaville) through the acquisition of Potasse du Congo (PdC).
Following regulatory approvals the PdC shares will be purchased for $500,000 with PdC retaining a royalty interest in exploration...