8 An RCF-led Indian consortium is at an advanced stage of taking the final decision on a proposed long-term agreement for import of 1.8 million tonnes per annum (mta) of potash from Canada’s Encanto Potash. 8According to PSC report, Indian consortium had appointed Price Waterhouse Coopers appointed as financial advisors for negotiating a potash off-take agreement with Encanto. Later, RCF, on behalf the consortium, had discussed with Encanto a draft of principle terms and purchase and sales agreement. RCF has proposed that a delegation from Encanto should be invited to the country to finalize discussion on the potash offtake agreement. Feb 21: Indian fertilizer companies are pursuing a slew of proposals to make strategic investment in potash projects in Belarus, Canada & Russia and to enter into definite potash buyback agreements. 8 Rashtriya Chemicals and Fertilisers Limited (RCF) and a few other companies are examining certain proposals made by a delegation from Belarusian Potash Company (BPC) in August 2013. 8 India-Belarus bilateral discussions last year focused on long-term potash purchase agreement, sale of shares of Belaruskali, Indian investment in Grodno Azot project and in new mines such as Petrikov Mines. 8India-Belarus bilateral discussions last year focused on long-term potash purchase agreement, sale of shares of Belaruskali, Indian investment in Grodno Azot project and in new mines such as Petrikov Mines.
Posted on: Sat, 22 Feb 2014 03:16:06 +0000
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