Chinese funding for Congo potash
Published: Tuesday, 02 February 2010
MagIndustries gains China backing to develop 1.2m. tpa Mengo potash project
Canadian potash explorer MagIndustries Corp. has entered an agreement with China National Complete Plant Import & Export Co. Ltd (COMPLANT) to finance and develop its potash project in the Republic of Congo, West Africa.
COMPLANT will provide a $1,200m. loan, repayable over a minimum of ten years, and has been...