by Greg Klein | November 24, 2014
A company with a development-ready potash project in Saskatchewan is taking part in a trade show at one of the commodity’s largest markets. Western Potash TSX:WPX forms part of Saskatchewan’s delegation at the Agro Technology and Business Fair 2014 in the northern India city of Chandigarh. The event expects to attract over 85,000 visitors.
Having reached full feasibility and cleared all permitting, Western “anticipates that the financing and development of Milestone will likely include the involvement of a multi-party consortium, with participation divided between a number of fertilizer industry players alongside financial institutions providing project finance,” the company stated.
The Indian event follows Western’s participation last month at the IFA Crossroads Asia-Pacific 2014 in Singapore and, in September, the 2014 World Fertilizer Conference in San Francisco and the International Fertilizer Association Production and International Trade Conference in Beijing.
Saskatchewan Premier Brad Wall joined his province’s delegation in Chandigarh to deliver a keynote speech. Saskatchewan’s potash and uranium reserves are expected to encourage closer trade relations with India.
In a September report, the Saskatchewan-Asia Advisory Council advised the province to identify “at least 10 major in-province investment opportunities for Asian investors” and to triple exports to Asia by 2020 “through enhancements to the Saskatchewan Trade and Export Partnership.”
Earlier this month Wang Hui joined Western’s board to represent CBC (Canada) Holding Corp, a joint venture of fertilizer producer China BlueChemical and Benewood Holdings, a subsidiary of Hong Kong investment firm Guoxin International Investment Corp. CBC has invested $31.98 million in Western with a 20-year offtake agreement. Hui serves as CEO/president and party secretary of China BlueChemical as well as chairperson for CBC.
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