MagIndustries potash project

MagIndustries intends to develop a 1.2-million-tonne-a-year potash operation in the Republic of Congo. An earlier framework agreement with East China Engineering Science and Technology for the development of the proposed Africa-based Mengo potash project has now developed into a $497-million general construction contract. East China Engineering would be responsible for the commissioning the operation as well as the planning and project management, procurement, construction, installation and testing of equipment. The completion and handover of the project was scheduled for March 31, 2016, subject to the conclusion of a project finance package.

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