There has been an offtake agreement in place for potash with ADY...

There has been an offtake agreement in place for potash with ADY since 2005...

"Rheochem signs potassium chloride deal with Admiralty Resources

LONDON (AFX) - Rheochem PLC, the oil and gas and mining services company, said it signed a deal to buy between 3,500 and 10,000 tonnes of potassium chloride (potash) per year from Admiralty Resources NL for use in oilfield applications.

Rheochem has also agreed to sell a further 30,000 tonnes/year of potash on an agency basis.

The deal is in line with Rheochem's aim to source products direct from international manufacturers. The company said the agreement has the potential to produce a significant increase in revenue in the coming years."

See also ASX ADY announcement 1/8/2005