GREY:SMBZF - Post by User
Post by
rosheneon Dec 01, 2016 12:45pm
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Post# 25541133
ESSEL/Simba Punkaj and Gagan in SASKATCHAWAN Potash
ESSEL/Simba Punkaj and Gagan in SASKATCHAWAN Potash
Essel Group Middle East (“EGME”) announces that it has signed a Memorandum of Understanding (“MOU”) with Gensource Potash Corporation (“Gensource”) to form a joint venture (“JV”) company that will focus on the development of one of Gensource’s potash projects in Saskatchewan, Canada. The agreement is EGME’s second significant investment in the potash industry after the company acquired the exploration license for the Bada potash mine in Eritrea’s Danakil Depression in August 2015. The investment is…