Australian Potash signs off-take deal with Chinese company

Company News

by Jessica Amir

Australian Potash Limited (ASX:APC) has signed an off-take agreement with one of China’s largest fertiliser companies, Sino-Agri (a subsidiary of CNAMPGC Holding Company).

The Australian Sulphate of Potash (SOP) developer’s deal, with the Chinese company, involves commercial sales volumes of up to 30 per cent of its Stage 2 production, from the Northern Goldfields.

Australian Potash says its production at the Lake Wells site will be up to 100,000 tonnes per annum.

The company says the Memorandum of Understanding (MOU) will lead to securing customers in the world’s largest fertiliser market.

Shares in Australian Potash Limited (ASX:APC) last traded at 12.5 cents.

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