31st Jul 2024 11:43
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Finalising agreements on the engineering, procurement & construction contract with PowerChina International Group Ltd. Legal representatives of both parties are finalising the agreements, Kore says. When the agreements are in final state, Kore Potash and PowerChina will set the date for signing ceremony with the minister of mines in the Republic of Congo, it says.
Back in August 2023, Kore said it had entered into a revised agreement that would see Sepco Electric Power Construction Corp, a subsidiary of PowerChina, provide the company with an engineering, procurement and construction contract. The Summit Consortium has said the financing proposal for the total construction cost of Kola will be provided to the company within six weeks of the finalisation of terms of this contract. The consortium is an investment group that represents investors and engineering firms.
Current Johannesburg stock price: 50 rand cents
12-month change: multiplied from 16 cents
Current Johannesburg stock price: 2.09 pence, up 7.1%
12-month change: multiplied from 0.63p on July 31, 2023
By Artwell Dlamini, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.