Kazakhstan Potash Corporation (ASX:KPC)
Kazakhstan Potash Corporation Limited (ASX:KPC) is a mineral exploration company based in Melbourne, Australia, with a sole focus on potash deposits in Western Kazakhstan. KPC owns the rights to two potash deposits in Kazakhstan, namely the Zhilyanskoye Project and the Chelkar Project.
KPC has also achieved the minimum threshold it set in relation to the General Offer for Satimola Limited Shareholders, with shareholders holding well in excess of 51% of Satimola Limited issued capital have accepted the Offer and KPC has taken control of Satimola Limited Board of Directors. KPC continues to progressively complete the process associated with the General Offer.
In December of 2014, KPC signed a Framework Agreement under the auspices of the Kazakhstan and Chinese Governments as part of the One Belt, One Road initiative in the region. Under the terms of the Framework Agreement KPC plans to build a potash production base in Kazakhstan drawing on its three projects, so as to meet China and Kazakhstan agriculture markets’ demand for potash.
KPC intends to develop all the three projects in Kazakhstan to full scale production in the future.