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Australian Potash gets nod from Chinese firm

POTASH hopeful Australian Potash has signed a non-binding memorandum of understanding with “one of China’s largest” fertiliser companies for up to 30% of the output ultimately envisaged from the potential Lake Wells operation in Western Australia.

Michael Quinn
Australian Potash gets nod from Chinese firm

Under the MoU unveiled, CNAMPGC Holding's subsidiary Sino-Agri could buy up to 100,000 tonnes per annum of sulphate of potash (SOP). Whether the MoU becomes an actual binding agreements will be seen...

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