2022-10-05 11:30
State Construction Firm to Buy 50% of East African Potash Mine
Sichuan Road and Bridge Group's foray into potash comes as the infrastructure builder ramps up an expansion into mining. Photo: VCG State-owned infrastructure construction firm Sichuan Road and Bridge Group Co. Ltd. (SRBG) (600039.SH) is planning to acquire a 50% stake in a major potash mine in East Africa in its latest push into the mining industry. Chengdu-headquartered SRBG has signed a $166 million deal to acquire half the stake in the Colluli Potash Project in Eritrea from Australian fertilizer developer Danakali Ltd.
https://www.caixinglobal.com/2022-10-05/state-construction-firm-to-buy-50-of-east-african-potash-mine-101948168.html
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https://www.caixinglobal.com/2022-10-05/state-construction-firm-to-buy-50-of-east-african-potash-mine-101948168.html
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