Mississippi Phosphates Corp. (MPC), a wholly owned subsidiary of Phosphate Holdings Inc. on July 10 announced that it and Morocco’s OCP S.A. (OCP) have agreed to extend the term of their agreement for the purchase and sale of phosphate rock dated Aug. 27, 2009, through Dec. 31, 2012. The agreement was scheduled to expire on June 30, 2012. During the six-month extension, MPC intends to enter into discussions with OCP relating to the terms and conditions of a potential longer-term arrangement for the supply of phosphate rock to MPC’s Pascagoula, Miss., plant.
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