Following the release of the RNS on 1 December 2015 regarding the agreement between Beryl Holdings (Pty) Ltd ('Beryl Holdings') and African Potash, the Company wishes to clarify that Beryl Holdings has a shareholding in Bollore Logistics South Africa, which forms part of Bollore Africa Logistics. This is as opposed to a shareholding in Bollore Africa Logistics itself as previously advised.
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.
About Beryl Holdings
Beryl Holdings is a diversified investment company based in Johannesburg, South Africa, that focuses on strategic proprietary investments. It holds equity interests in a balanced portfolio of medium capitalised companies spanning five core sectors:
· Agriculture Commodity Trade
· Logistics, Rail and Ports
· Energy and Oil
· Mining and Resources
Beryl Holdings is a forward‐looking company with a focus on long‐term value. They select their partner-companies strategically, singling out seasoned players within each sector who share their progressive outlook. In exchange for in‐depth industry knowledge and expert capacity, Beryl Holdings offer their partner-companies access to an expansive network of resources and business relationships, as well as Broad‐Based Black Economic Empowerment accreditation.
This information is provided by RNS
The company news service from the London Stock Exchange