trending Market Intelligence /marketintelligence/en/news-insights/trending/zXZlXiyZuXxopUxI6bG4vg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Kazakhstan Potash finalizing rights issue to complete Satimola acquisition

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Kazakhstan Potash finalizing rights issue to complete Satimola acquisition

ASX-listed Kazakhstan Potash Corp. Ltd. said March 18 that it is aiming to finalize a A$6.2 million rights issue by March 22 to conclude its protracted acquisition of the Satimola potash deposit in northwestern Kazakhstan.

The fertilizer producer has two other Kazakh projects: Chelkar and Zhilyanskoe. It said it expects to issue one new share for every two held at a price of 8 Australian cents apiece and will use the proceeds to complete the acquisition and fund general working capital.

Kazakhstan Potash has been working on the deal to buy Satimola for several years since agreeing to a price of US$150 million for the asset in 2013.

After renegotiating the price in 2014, the deal was terminated in 2015. The company agreed to a new price of US$70 million with the seller, Satimola Ltd., at the end of 2015. Another dispute stalled progress in mid-2018.