Thailand’s Prime Minister Srettha Thavisin has asked three potash mining companies to accelerate project development or risk losing concessions, according to Bloomberg, citing the Bangkok Post.
“Three concessionaires have already been picked, but they have yet to begin the mining and need to be rushed,” he was quoted as saying. “In case they cannot begin [anytime soon], a new selection of concessionaires will be conducted.”
The concessionaires are Asia Pacific Potash Corp., Asean Potash Chaiyaphum Plc, and Thai Kali Co.
According to the newspaper, the Prime Minister maintained that Thailand is the second-largest source of potash after Canada. “The chemical is high-priced and in high demand, particularly in China,” he said. The miners are expected to produce a total of up to 33.7 million over the next 25 years, he added.