MagIndustries intends to develop a 1 2 million tonne a year potash operation in the Republic of Congo An earlier framework agreement with East China Engineering Science and Technology for the development of the proposed Africa based Mengo potash project has now developed into a 497 million general construction contract

Jul 10 2013· Owner MagIndustries Corp and or MagMinerals Potasses Congo SA General contractor East China Engineering Science and Technology Co Ltd 2 Project 1 2 million tonnes per annum Mengo Potash Project in the Republic of Congo 3 Project Portfolio

MagIndustries signed a 25 year potash investment agreement PIA with the ROC government for the development of Mengo potash mine in December 2008 Pre construction works of the project commenced in March 2013 and the groundbreaking ceremony was conducted on 17 July 2013

Nov 21 2013· MagIndustries Corp jumped over 17 on Thursday after it secured a letter of commitment from the China Development Bank CDB for the majority of funding required for the construction of its Mengo potash project in the Republic of Congo The conditional commitment which has been a year and a half in the works is for CDB to arrange a syndication loan for up to US 740

Mengo potash project Republic of Congo By Creamer Media Reporter MagIndustries application to the China Development Bank has resulted in a letter of commitment from the bank pertaining to a major component of funding for the Mengo potash project

May 06 2009· The Kouilou potash project being undertaken by Toronto based MagIndustries Corporation in the Republic of Congo Brazzaville is expected to be the world s first major new entrant into the potash industry for some time The Kouilou project located 25 km by rail from the port city of Point Noire in the Republic of Congo is based on proven and probable reserves of 33 5 million tonnes

MagIndustries Corp TSX MAA the Company or MagIndustries is pleased to report that the first ship carrying construction equipment and materials for construction of the Company s 1 2 million tonnes per annum Mengo Potash Project in the Republic of Congo the Project arrived in Pointe Noire Republic of Congo on June 12 2013

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The Mengo potash mine is a greenfield project being developed in the Kouilou province of the Republic of Congo Canadian company MagMinerals Potasses Congo MPC owns and manages the potash project in which MagMinerals Potash Corp MagMinerals holds a 90 interest while the Republic of Congo holds the remaining 10 MagMinerals is a fully owned division of MagIndustries

Apr 02 2014· April 2 2014 Source Marketwired MagIndustries Corp MagIndustries or the Company TSX MAA is pleased to report that an amendment the Amendment to the Potash Investment Agreement of December 2008 the PIA has been signed by two cabinet ministers of the Republic of Congo the ROC on behalf of the ROC Mr Pierre Oba Minister of Mines and Geology

Nov 27 2013· TORONTO ONTARIO Marketwired Nov 27 2013 MagIndustries Corp the Company or MagIndustries is pleased to report that it is progressing well with the implementation of its proposed 1 2 million tonnes per annum Mengo Potash Project the Project in the Republic of Congo the ROC The Company has reported on the progress of its application to the China

MagIndustries Corp is pleased to report that it has received an updated National Instrument 43 101 Technical Report entitled Updated Reserve and Resource Estimate for MagMinerals Mengo Permit Area Kouilou Region Republic of Congo in respect of the property owned by its wholly owned subsidiary MagMinerals Potash Corp

Jul 19 2013· Potash drill site in the Republic of Congo Brazzaville Republic of Congo 19 July 2013 – MagIndustries Corporation has asked China Development Bank for US 1 billion in financing for what the company describes as one of the world s largest undeveloped potash projects located in the Republic of Congo The Mengo deposit about 15km north east of the port city of Point Noire is expected

Oil and gas dominate the extraction industries of the Republic of the Congo French République du Congo also referred to as Congo Brazzaville The petroleum industry accounted for 89 of the country s exports in 2010 Among African crude oil producers in 2010 The Congo ranked seventh Nearly all of the country s hydrocarbons were produced off shore