Migao Secures Long Term Potash Supply

Migao Corporation (TSX:MGO) announced a supply agreement with Potash Export Company for a decade’s supply of potash.

The press release is quoted as saying:

As part of the terms of the agreement, Migao will prepay USD $100 million, with further payments to be negotiated and advanced prior to the initial potash delivery in January 2013.

To read the full press release, click here.