Ministry, Company ink agreement for potash mining Photo ENA
Indian firm plans $451 mln potash mine in Ethiopia
ADDIS ABABA (Reuters) - Ethiopia said it had signed an agreement with an Indian mining firm on Tuesday to establish a $451 million factory to mine potash, a key ingredient in fertiliser, in the arid Afar desert.
Under the deal, Sainik Mining Limited of India, a privately owned firm will mine the potash in Musely and Crescent, in the remote region bordering Djibouti and Eritrea in eastern Ethiopia, for 20 years.