• BRP Global, headquartered in Abu Dhabi, who would provide royalty financing in conjunction with product offtake;
• SEPCO, an international engineering and construction group headquartered in Jinan and with offices in Dubai and a wholly owned subsidiary of Power Construction Corporation of China(POWER CHINA). SEPCO will be the Engineering Procurement and Construction (“EPC”)contractor for Kola within the Summit Consortium. SEPCO has significant construction experience globally across a range of industries, including power, oil and gas chemical,energy-reduction and environmental protection and infrastructure projects. SEPCO has completed major construction projects in 25 countries, including completion of 44 EPC contracts in 11 countries and have completed 7 projects in Africa, and who in addition to its construction capability, will assist in arranging the debt financing for Kola; and
• China ENFI Engineering Corporation (“ENFI”), subcontracted by SEPCO and headquartered in Beijing, is a significant engineering group with specific mining, processing, and potash experience. ENFI is a mining technology leader in China and has provided technical services for the design and construction of more than 400 mining operations around the world. ENFI’s potash specific experience includes design and construction of an underground potash mine in south east Asia
KP2 Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
