Potash

Migao Corporation (TSX:MGO) announced that they intend to create a joint venture with EuroChem for production of up to 60,000 tonnes of potassium nitrate and up to 200,000 tonnes of chloride-free NPK fertilizers in Yunnan in China.

Migao Corporation (TSX:MGO) announced that they intend to create a joint venture with EuroChem for production of up to 60,000 tonnes of potassium nitrate and up to 200,000 tonnes of chloride-free NPK fertilizers in Yunnan in China.

As quoted in the press release:

 EuroChem and Migao Corporation plan to begin the construction of a plant in 2013 and launch production in 2014.

To view the whole press release, click here. 

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