African Potash Limited ('African Potash' or 'the Company')
African Potash, the AIM listed exploration company focussed on the vertical integration of fertiliser operations in Africa and sub-Saharan potash assets, notes its Executive Chairman Chris Cleverly's ADVFN podcast released yesterday on Audioboom.com (Podcast 358).
In the podcast, there were comments made with respect to the Beryl transaction. The Company wishes to clarify that its arrangement with Beryl Holdings Limited is as set out in its announcements dated 1 December 2015 and 2 December 2015, and not the intention of African Potash to acquire the existing fertiliser business of Beryl Holdings.
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. To date a number of supply agreements have been secured in Zambia, Zimbabwe, Malawi and the Democratic Republic of Congo.
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