Pacific Potash signs C$15m MoU with Northern International
Published: Monday, 24 November 2014
Brazil is a key market for fertiliser minerals, as one of the largest consumers of their derivate products. The country, however, imports the vast majority of its fertilisers, creating a significant opportunity for domestic producers with lower transport costs, a situation which Pacific Potash could use to its advantage.
Vancouver-based Pacific Potash Corp. has
signed a memorandum of understanding (MoU) for the purchase of
convertible debentures worth C$15m ($13.34m*) with China-based
investment firm Northern International Holding Co. Ltd.
Pacific Potash said that Northern...