African Potash to Form Trading Platform in Eastern and Southern Africa

African Potash (LSE:AFPO) announced that it is holding talks with a free trade union for twenty African member states, the Common Market for Eastern and Southern Africa.

As quoted in the press release,

African Potash was identified as a potential partner for COMESA on the account of its standing, expertise and experience in the mining, agriculture and fertiliser sectors and its achievements in advancing Lac Dinga, where uniform potash mineralisation has been identified in three laterally continuous horizons.

African Potash Chairman Chris Cleverly stated:

Africa is a continent of 1.1 billion people with 60% of the World’s undeveloped arable land.  As the continent transforms with rapid urbanisation and fast growing economies, the requirement for a developed agriculture industry to feed Africa will become imperative.  African Potash, with a board experienced in commodities and African operations, is well positioned on the global capital market stage to meet and deliver on these demands as we look to become a vertically integrated mining, production and distribution African focused fertiliser business.

Click here for the full African Potash (LSE:AFPO) press release