The Conversation (0)
Bloomberg reported that Elemental Minerals (ASX:ELM) plans to raise $1.7 billion so it can begin producing potash in the DRC by 2015.
Bloomberg reported that Elemental Minerals (ASX:ELM) plans to raise $1.7 billion so it can begin producing potash in the DRC by 2015.
As quoted in the market news:
Elemental may raise funds with a mix of bank loans, a stake sale and an off-take agreement, [CEO] Macpherson said. The company, which announced a resource of 804 million tons at the site, may double the figure in its update in the second quarter, he said.