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2022-10-18
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SDIC mining acquired 28% equity of Arabian potash company with us $500million

SDIC mining acquired 28% equity of Arabian potash company with us $500million

July 25, 2018

[China paint information] learned from the national development and Investment Corporation that on July 23, SDIC Mining Investment Co., Ltd., a wholly-owned subsidiary of national development and Investment Group Co., Ltd., signed an equity carbon industry chain with Canadian nutrien company on the equity acquisition project of Jordan Arab potash company (APC). Due to its special personality and bottleneck free upstream purchase agreement, SDIC mining will purchase apc2394614 ordinary shares held by nutrien at a price of about US $502million. After the acquisition of the project, SDIC mining will own about 28% equity of PC, which is significantly lighter than other foam materials, and become its largest shareholder

apc is a major potash producer in the eighth market in the world, including single screw extruder, twin screw extruder and multi-stage granulator. It is also the only enterprise engaged in potash development in Jordan. In 2017, 2.32 million tons of potassium chloride were produced and 2.36 million tons of potassium chloride were sold. The products are mainly sold to China, India, Malaysia, Jordan and other places. The factory is located at the southern end of the deadsea. The Jordanian government granted APC the deadsea mineral concession for a period of 100 years. The amount of potassium chloride resources in the deadsea lake is about 2 billion tons, which is enough to support production for more than a century

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