Proactive Investors China - The web's leading portal for China stocks - Agrimin signs binding offtake agreement with China's major potash importer

2021-05-19
by Proactive Australia
Agrimin Limited (ASX:AMN) has signed a binding offtake agreement with Sinochem Fertilizer Macao Limited for the annual supply of 150,000 tonnes of sulphate of potash (SOP) produced from the Mackay Potash Project for sale and distribution in China.
Sinochem Fertilizer Macao is a wholly-owned subsidiary of Sinofert Holdings Limited, which is listed on the Hong Kong Stock Exchange (HKEX:00297) and whose controlling shareholder is China National Chemical Corporation Limited, a Chinese state-owned enterprise.
China is the world's largest SOP market and currently accounts for more than half of all global SOP demand.
Sinofert is the country's largest crop nutrition company and plays a pivotal role in liaising with global potash suppliers to ensure uninterrupted potash supply.

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