China inks 10-year potash supply deal with tiny American miner
(Reuters) - A state-owned Chinese fertilizer company has signed a 10-year potash supply agreement with Prospect Global Resources Inc (PGRX.O), guaranteeing China a steady flow of the crucial fertilizer and helping it partially sidestep multinational suppliers like Potash Corp (POT.N).
The deal with Sichuan Chemical Industry Holding (Group) Co SICHAD.UL, worth more than $2 billion, is part of a Chinese trend to partner with small mining companies hungry for capital to develop their land....
http://www.reuters.com/article/2012/10/22/us-prospectglobal-china-idUSBRE89L03E20121022
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