Australian Potash Signs Off-Take MOU With Chinese Fertilizer Group

Australian Sulphate of Potash (SOP) developer Australian Potash (ASX: APC) is pleased to advise of the signing of a non-binding Memorandum of Understanding (MOU) for the supply of SOP to one of China’s largest fertiliser companies, CNAMPGC Holding Limited Corporation’ subsidiary Sino-Agri Holding Company Limited (Sino-Agri).
The MOU envisages high level commercial terms for sales volumes of up to 30% of estimated production from Stage 2, being up to 100,000tpa of SOP from Lake Wells.

The MOU lays a strong foundation as APC seeks to develop strong relationships with key players in the world’s largest fertiliser market. APC’s marketing strategy is focused on identifying potential customers in key markets, building relationships to ensure potential customers are engaged and the Lake Wells product specifications and volumes are tailored to market requirements.
The MOU is non-binding and as such there is no guarantee of a binding agreement on the proposed terms or at all.

Click here to read the full text release.