trending Market Intelligence /marketintelligence/en/news-insights/trending/2sYEXjDKy1L2Grsp7sR1GQ2 content esgSubNav
In This List

Encanto to supply 2.0 million tonnes of potash annually under MOU with Indian firm

Blog

Global Clean Action Energy Forum

Video

Insight Monthly, October 2022

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall


Encanto to supply 2.0 million tonnes of potash annually under MOU with Indian firm

Encanto PotashCorp. said April 13 that its memorandumof understanding with India's state-owned MMTC Ltd. for the supply of potash now covers an annual supplyof at least 2.0 million tonnes.

At current prices, the offtake deal, to be sourced from the company'sMuskowekwan projectin Saskatchewan, is valued at US$600 million.

Encanto plans to create a joint trading company with the MuskowekwanFirst Nation to ensure the supply of potash to MMTC in the near future, while thecompany develops the Muskowekwan project.

Under the MOU, MMTC will also act as Encanto's worldwide distributorof potash on an exclusive basis.