Ma’aden Inks Two Deals with India

Saudi Arabian Mining Co. (Ma’aden) has signed two Memoranda of Understanding (MOUs) with Indian firms, Indian Potash Ltd. (IPL) and KRIBHCO, for the supply of 5 million mt of phosphate fertilizers to the Indian market for five years, according to regional news outlets, citing the Saudi Press Agency. The deals are said to be worth a total of $2 billion.