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Sinochem News.
com News on July 30th, Asia Potassium International issued a major asset restructuring announcement.
The listed company plans to purchase agricultural potassium resources held by 7 trading parties including Xinjiang Jiangzhiyuan and Shanghai Jinbang Jinde by issuing shares and paying cash.
56% equity
.
The transaction price is 1.
The announcement shows that as early as 2015, Potash International purchased the Sinonong Potash Laos potash project through the issuance of shares, thus owning the mining rights of the Dongtai section of the Nongbo mining area in the Kammun province of Laos.
The total potash ore reserves reached 1.
02 billion tons.
Potash resources are 152 million tons, and the current annual production scale has reached 250,000 tons
.
The mining rights of the Potash Mine 179 Potash Mine in the Pengxia-Nongbo section of Laos, owned by Nong Potash Resources, are closely connected with the existing Laos Dongtai Mine of Aka International, and belong to the same mining area
Yaka International stated that after the completion of the transaction, the listed company can make full use of the geological characteristics of the two connected mining sections and the existing equipment foundation of the Dongtai mining section, combined with the company’s specific business objectives, to plan and implement more efficient and economical mining operations.
