FMJ fortis mining limited

Suggest investors read this excerpt below...looks like Belarus...

  1. 3,351 Posts.
    Suggest investors read this excerpt below...looks like Belarus is also setting up infrastructure. It could be Satimola or even the Zhilyanskoye and Chelkarskoye deposits.

    Any comments?

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    Belarus intends to take part in setting up mineral fertilizer production in Kazakhstan, Prime Minister of Belarus Sergei Sidorsky told reporters. This is one of the 37 projects proposed by Belarus to be included into the Kazakhstan?s map of industrialization.

    This project envisages the production of potash fertilizers, development of phosphate fields and setup of phosphate fertilizer production. The Belarusian side is ready to offer its assistance in constructing the necessary infrastructure.

    Kazakhstan has partially resumed the production of phosphate fertilizers; the demand for nitrogen fertilizers is almost completely satisfied by the import.

    Kazakhstan is interested in the construction of a plant to produce potash fertilizers. Kazakhstan has two potash salt deposits: Zhilyanskoye and Chelkarskoye. In June 2009 Kazakhstan initiated working out the issue regarding the joint development of these deposits. In September representatives of Belgorkhimprom and Belaruskali held talks with the Samruk-Kazyn fund and the unified chemical company. The sides have agreed that Kazakhstan will provide Belarus with bench-mark data for making a technical and economic feasibility study of the development of potash fertilizer deposits. An agreement and a memorandum of cooperation have been signed to carry out this project.

    http://www.government.by/en/eng_dayevents20091109.html

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    As most would know, it takes a fair amount of infrastructure to get a potash deposit going....this is looking better.

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    "The mines are located in western Kazakhstan, and are well positioned to serve the largest Asian potash markets, with one mine sited just 14km from the national rail link to China."

    "Satimola, not yet producing any potash, has a deposit in western Kazakhstan, about 3,000 kilometers (1,860 miles) from the Chinese border."

    http://www.bloomberg.com/news/2010-10-15/kazakh-potash-wild-card-seeking-100-million-ipo-in-hong-kong-or-london.html

    One of the deposits could be Satimola...if it is, then i am afraid we are headed higher in my opinion.
 
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