Sterling Group Ventures Inc. (fka SGGV)

[FlatEarthSoc]

phosphate market heating up in china... people makin moves

Israel Chemicals to invest $452M in Chinese potash company
Dec 16 2014, 09:52 ET

http://seekingalpha.com/news/2180985-israel-chemicals-to-invest-452m-in-chinese-potash-company


Israel Chemicals (ICL -0.2%) says it plans to invest $452M for 50% ownership of a joint venture that will operate a fully integrated, phosphate business in China, and will take a 15% strategic holding in Yunnan Yuntianhua, one of Asia's leading producers of phosphate rock.
The JV will include a mine that produces 2.5M tons/year of phosphate rock, a downstream phosphate operation and a marketing and sales organization that primarily serves the Chinese and the Asian markets.
ICL says the major thrust of the venture's strategy will be its transformation from a commodity fertilizer company to a specialty player in agriculture, food Ingredients and engineered materials.