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Sirius Minerals signs major potash offtake agreement with China

10:37 AM MDT | June 27, 2013 | Natasha Alperowicz

Sirius Minerals has entered into an offtake agreement with Yunnan TCT Yong-Zhe Co. (Kunming, China) for the sale of 1 million m.t./year of polyhalite for 10 years from 2017, Sirius Minerals announced today. The offtake is for a fixed price per m.t. for the first 3 years with a re-negotiation of pricing from year 4 onwards, the company says. The initial price is confidential but is in line with the company's assumptions used for its base case modelling. The agreement contains certain conditions including collaboration on testing and results from crop trials of...

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