MMTC announced the last Indian urea tender of the year. The tender closes Dec. 1 with a shipping deadline of Jan. 6, 2021. India needs 500,000 to 700,000 mt to close out the application season and prepare for the next season. MMTC may buy more if the price is right.
Junior sulfate of potash developer Australian Potash Ltd. (APC), Subiaco, Western Australia, reports it has signed a second binding offtake deal with Germany’s Helm AG for potassium sulfate (SOP) from its Lake Wells SOP project.
The two companies have inked a binding 10-year take-or-pay term sheet for 20,000 mt/y K-Brite™ SOP for distribution in the U.S. APC and Helm inked a term sheet in August for 30,000 mt K-Brite under a binding ten-year take-or-pay agreement for geographic distribution rights through several European jurisdictions.
Th Australian SOP junior now has binding offtake agreements in place for a total of 150,000 mt/y of its Lake Wells SOP, equating to 100 percent of projected output.
Uralkali, Moscow, has announced the appointment of Vitaly Lauk as CEO of the company, effective Dec. 4, 2020. He will succeed Dmitry Osipov, who will resign from the position on Dec. 3 to focus on other projects at Uralkali. Lauk currently is Uralkali’s Technical Director.
The spokesperson of Uralkali major shareholder and Deputy Chairman and Uralchem owner and Chairman, Dmitry Mazepin, last week confirmed a management reshuffle at the two companies, and said next year current management of Uralkali and Uralchem will be merged and transferred to the head of a joint management company. Mazepin has refuted speculation by some Russian media that a merger of the two companies is planned for 2021.
