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China’s Evergreen Industries to Buy MagIndustries
Apr. 21, 2011 11:02AM PST
Potash InvestingReuters reported that MagIndustries Corp. (TSE:MAA) will be sold to Evergreen Industries Group if the Chinese government approves the sale.
Reuters reported that MagIndustries Corp. (TSX:MAA) will be sold to Evergreen Industries Group if the Chinese government approves the sale.
The market news is quoted as saying:
Companies have been scouting for potash deposits as a rising population spurs demand for fertilizers, despite limited feasible deposits and high development costs.
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