Prospect Global Signs $2 Billion Potash Accord With China
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Prospect Global Resources Inc. signed a $2 billion supply deal with China’s Sichuan Chemical Industry Holding Group in one of the largest U.S. potash export contracts that may help it secure project financing.
The Denver-based potash exploration company will sell the crop nutrient to Sichuan Chemical from its American West Potash project in Holbrook, Arizona. State-owned Sichuan Chemical will buy at least 500,000 tons a year for 10 years for export to China, the companies said in a statement.