Bloomberg reported that MagIndustries (TSX:MAA) has requested $1 billion in financing from the China Development Bank for development of the Mengo deposit in the Republic of Congo, which they cite as one of the biggest undeveloped potash deposits in the world.
Articles Tagged "MagIndustries"
MagIndustries Corp (TSX:MAA) announced it has signed design work and exploration drilling contracts for its Congo-based potash properties.
MagIndustries Corp. (TSX:MAA) reported that the company has received final approval of its Environmental and Social Impact Assessment study for the construction of its Mengo potash project from the Ministry of Sustainable Development, Forest Economy and Environment of the Republic of Congo. The press release is quoted as saying: On February 18, 2010, Minister Henri [...]
MagIndustries Corp. (TSX:MAA)provide update of the company’s activities. The press release is quoted as saying: In 2009 MagIndustries focused the majority of its corporate and technical activities advancing its wholly owned division MagMinerals Potash Corp. (“MagMinerals”) that now includes a portfolio of potash projects which are all located near the Atlantic port city of Pointe-Noire, [...]
MagIndustries Corp. (TSX:MAA)announced that Sinohydro Corporation Limited, the counterparty to the Memorandum of Understanding signed and disclosed on June 12, 2009, is continuing with its internal decision process with respect to the investment proposal under the Memorandum. The press release is quoted as saying: The Company will evaluate any resulting investment proposals with a view [...]
Potash company MagIndustries Corp. declared that it will issue 62.2 million shares to surge about $26.1 million in a stock issue to Canadian investors. For full story, click here
Potash company MagIndustries Corp. declared that it will issue 62.2 million shares to raise about $26.1 million in a stock issue to Canadian investors. For full story, click here
MagIndustries Corp., together with its financial advisor BNP Paribas, that substantial progress has been achieved with a group of international project finance institutions for debt financing of its Kouilou Potash Project located in the Republic of Congo. Bill Burton, President and Chief Executive Officer of MagIndustries, stated: Mag is pleased with the progress it believes [...]
Toronto-based MagIndustries is in the late stages of arranging the debt finance portion for its Kouilou potash project, in the Republic of Congo, and hopes to finalise terms with its lenders in the next couple of months, CFO. For full story, click here
MagIndustries Corp. declared that its Republic of Congo subsidiary, MagMinerals Potasses Congo S.A., has signed a gas supply deal with Eni Congo S.A., a subsidiary of global oil major Eni S.p.A. of Italy, for the supply of gas to MagPotasses’ Kouilou potash project. For full story, click here