Exhibition time: 13-15 March, 2024 Shanghai, China 中文 中文

News Center

         Exhibition News | Industry News | Comments

Home > News Center > Industry News

Industry News

Chinese Construction Firm to Buy 50% of East African Potash Mine

release time:2022-10-12

微信图片_20221012104546.jpg


State-owned infrastructure construction firm Sichuan Road and Bridge Group Co. Ltd. (SRBG) (600039.SH) is planning to acquire a 50% stake in a major potash mine in East Africa in its latest push into the mining industry.

 

Chengdu-headquartered SRBG has signed a $166 million deal to acquire half the stake in the Colluli Potash Project in Eritrea from Australian fertilizer developer Danakali Ltd., the latter said in an announcement on Monday. The Australia-listed firm owns the potash mine through a subsidiary in a 50-50 joint venture with the state-owned Eritrean National Mining Corp.

 

Source: Caixin Global


英1.jpg