The following was recently reported by Industrial Minerals:
7 Jan 2011
Indian fert producer targets half of Russian phosphate mine production from 2012.
India's state-owned Rashtriya Chemicals & Fertilisers plans to acquire 25% stake in a phosphate mine owned by Russian fert producer Acron Group for $366M....
http://www.mineralnet.co.uk/Article/2745010/Channel/197169/Indias-RCF-eyes-25-stake-in-Russias-Acron-phosphate-mine.html?LS=EMS478944
Everything is continuing to strengthen in the ag-sector, which bodes very well for fert producers. MAK is well positioned to leverage off of this upswing. Perfect timing!
Cheers
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india to buy 25% stake of russian phosphate co
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