Rio Tinto eyeing 10% of world potash market
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Reuters
Rio Tinto Ltd/Plc wants to grab 10 per cent of the world potash market as demand for the fertiliser grows in step with biofuel production, Preston Chiaro, chief executive of Rio's energy and minerals unit told reporters on Friday.
Rio only produces a small amount of the material at present from a trial operation but hopes to dig new mines in Argentina and Canada starting in 2012, he said.
Rio was also looking to double uranium production within five years after earlier on Friday announcing plans to sell uranium to China for the first time from its Australian deposits, Mr Chiaro said.
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