29 June 1998
Norsk Hydro eyes up Thai potash
NORSK Hydro, the worlds biggest fertiliser producer, is joining the $550 million Udon Thani potash project in north-east Thailand.
The Norwegian group has signed a memorandum of understanding with Asia Pacific Resources, a small Vancouver-listed company, for a shareholding in the project and to take all the production from the Samboon mine.
Samboon is expected to produce an annual 2m tonnes of potash – the main source of potassium, a vital nutrient for plants and animals. This represents about 5% of todays output.
- Financial Times 29/06/98 page 26