Deals
Elemental to Raise $1.7 Billion Next Year to Mine Potash
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Elemental Minerals Ltd., owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer Iain Macpherson said.
“There is an exciting but limited window of opportunity for potash producers like ourselves,” Macpherson said in an interview. “We are pushing full-steam ahead to achieving full production of 2 million tons per annum from 2015” through to 2017, when that output level is expected to be reached, he said.