PERTH (miningweekly.com) – ASX-listed explorer Kazakhstan Potash Corporation (KPC) has inked a framework agreement with the national rail operator that would look to integrate the transportation requirement of the company’s potash projects for shipment through to China into the Kazakhstan national railway network.
KPC CEO Dr Wei Jiafu said that the signing of the framework agreement was a key step for the company in securing its logistics requirements in relation to the eventual transport of potash from its Kazakhstan projects to market.
“The integrated logistics infrastructure being created between KPC, [rail operator] KTZ Express and the Chongqing Material of Agricultural Production Group aligns strongly with [China's] One Belt, One Road Policy and opens up additional utilization opportunities to other businesses in the neighbouring countries.”
KPC and the Chongqing Material have established a joint venture agreement to develop a fertiliser logistics and distribution hub to supply all the major fertiliser producers in China.
KPC holds two potash deposits in Kazakhstan, and is in the midst of acquiring a third through the acquisition of Satimola for $70-million.