Published: May 17, 2016 |

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African Potash has renewed its exploration license for the Lac Dinga potash project in the Republic of Congo for two years, with the right to extend for an further two years after that. 

The fertilizer specialist added it had relinquished a portion of the concession area which overlapped the basin margin and doing that had its reduced its acreage to 555 sq km.

The company has a 70 percent interest in La Société des Potasses et des Mines (SPM), which holds the exclusive exploration rights over the Lac Dinga project area. 

Chris Cleverly, executive chairman said Lac Dinga was in an area extremely prospective for potash, a key fertilizer component, and provided exploration exposure to complement its growing fertilizer trading operations.

Source: (May 12, 2016) Proactive Investors

About African Potash
African Potash is focused on creating a vertically integrated platform for the mining, production and distribution of fertilizer, which the Board believes could generate material value for shareholders. A combination of rising demographics and growing affluence in the developing world has led to a structural shift higher in global demand for agricultural produce. Accommodating the increase in demand for foodstuffs will require a greater use of fertilizers, which creates an opportunity for a pan-African, London listed vehicle, focused on fertilizer.

To stop by African Potash’s website, CLICK HERE

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