Spring Capital buys potash project in Kazakhstan.

By bne IntelliNews July 24, 2012
Spring Capital (Hong Kong) bought a potash project in western Kazakhstan. The company purchased a potash exploration and mining company Satbor LLP from Satimola Ltd. The value of the deal was not provided. The acquisition came after initial USD 10mn investment in November 2011. According to Spring Capital managing direct Chris McAuliffe, bringing the Project to the mining and production stage would cost USD 3bn. Significantly, China is interested in securing more potash supplies as the resources is used to make fertilizers.

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