国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Top Biz News

Complant to build potash plant in Congo

By Hou Qingyang (China Daily)
Updated: 2010-02-02 08:06
Large Medium Small

China National Complete Plant Import & Export Corp Ltd (Complant) and Canadian miner MagIndustries Corp have agreed to jointly build a potash fertilizer plant in the Republic of Congo, which may ease Chinese demand for the product.

Complant to build potash plant in Congo

China is the world largest potash fertilizer consumer with annual demand around 10 million tons. [Agencies]

According to a statement Complant filed with the Shenzhen Stock Exchange yesterday, the $1.2 billion plant will be constructed in two phases, with each phase providing production capacity of 600,000 tons.

Complant will undertake the engineering, procurement and construction of the plant. It also promised to obtain financing from Chinese banks for the investment.

The plant will be located near the Atlantic port city of Pointe-Noire. The Mengo project will be part of a 135 square kilometers Mengo mining license owned by MagIndustries' mining division, MagMinerals Potash Corp. Other details like the timetable, shareholding percentages, product sales and profit sharing were not disclosed.

Potash is the common name for potassium carbonate and various mined and manufactured salts that contain the element potassium in water-soluble form.

According to a statement from MagIndustries released in January, 25 brine field production wells were completed and an 11.2 kilometers gas pipeline was installed in 2009, representing about half of the work required to support the operation of a 600,000 ton a year potash plant.

Complant shares gained 5.27 percent to 11.18 yuan yesterday in Shenzhen trading.

Lu Quanzhi, an analyst at South China Securities, said potash fertilizer prices in China would continue to fall in the coming months as inexpensive imports from Russia pour into the domestic market. "Falling prices will boost demand on the goods, it is the other side of the coin." said Lu.

Related readings:
Complant to build potash plant in Congo World's biggest potassium sulfate base operational in Xinjiang
Complant to build potash plant in Congo China sets fertilizer import tariff quota for 2009

Complant to build potash plant in Congo Mosaic for early deal on potash
Complant to build potash plant in Congo China removes government control over fertilizer price

Chinese importers and Russian fertilizer producer BPC, one of the world's largest potash fertilizer exporters, have agreed upon $350 a ton CFI (cost, freight and insurance) for 2010, compared with over $500 a ton in 2009.

Statistics from the General Administration of Customs of China showed the nation imported some 2 million tons of potash fertilizer in 2009, about 60 percent less than 2008 due to high prices.

China is the world's biggest consumer of potash fertilizer with annual demand around 10 million tons. However, domestic output is only 4 million tons a year, satisfying only one third of the national demand.

永丰县| 徐闻县| 沅江市| 甘孜县| 灵川县| 华安县| 清苑县| 左贡县| 武汉市| 龙江县| 吉木乃县| 卓尼县| 甘孜县| 大余县| 新竹县| 毕节市| 桐城市| 类乌齐县| 新野县| 额敏县| 鄄城县| 吴忠市| 宜丰县| 丽江市| 慈溪市| 天柱县| 兴安盟| 南阳市| 白河县| 当涂县| 象州县| 大化| 柘荣县| 泽普县| 黑龙江省| 南川市| 青龙| 图们市| 开阳县| 邢台市| 穆棱市|