IHS Chemical Week

Regions :: Africa

South Boulder Mines finalizes Eritrean potash agreement

2:10 AM MST | November 11, 2013 | Natasha Alperowicz

South Bolder Mines (STB; West Perth, Australia) said today that it has completed and signed a shareholders agreement with the Eritrean National Mining Corp. (ENAMCO) outlining the key joint venture terms covering the Colluli potash project’s development. The agreement has been signed by the parties and approved by ENAMCO and the South Boulder board. The agreement enables the joint venture company, Colluli Mining Share Company (CMSC), to be formally incorporated and established. This in turn will pave the way for all the relevant licenses to be transferred...

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