African Potash Limited ('African Potash' or 'the Company')
Meeting with the President of the Republic of Uganda
African Potash, the AIM listed exploration company focused on the vertical integration of fertiliser operations in Africa and sub-Saharan potash assets, notes the recent press coverage in Uganda regarding the Company's recent meeting with His Excellency Yoweri Museveni the President of the Republic of Uganda. As highlighted in the media coverage, African Potash Executive Chairman Chris Cleverly and African Potash director The Right Honourable Lord Peter Hain met with a delegation of officials in Kampala, Uganda, to discuss potential opportunities to develop a fertiliser industry in Uganda to enhance the local agriculture sector. Further updates will be made as appropriate.
African Potash Executive Chairman Chris Cleverly said, "As part of our strategy to aggressively expand our fertiliser business throughout the Common Market for Eastern and Southern Africa (COMESA) region, we continue to look at opportunities for developing a profitable and scalable fertiliser trading operation across Africa. We were delighted to be invited by President Museveni to discuss potential opportunities for co-operating in the future with regards to investment in fertilisers. I look forward to providing further updates in due course regarding our ongoing discussions as appropriate."
African Potash is an AIM quoted company focussed on building a vertically integrated platform for the mining, production and distribution of fertiliser, primarily within Africa.
The Company has a trading agreement with the Common Market for Eastern and Southern Africa ('COMESA'), a free trade union for twenty African member states, to supply and deliver at least 500,000 metric tonnes of fertilisers on an annual basis to off-takers identified and introduced by COMESA.
The Company also operates the Lac Dinga Project in the Republic of Congo, which is prospective for potash, a key source of potassium fertiliser.
This information is provided by RNS
The company news service from the London Stock Exchange