Belarusbank and China Development Bank (CDB) have signed a credit agreement of 1.4 billion U.S. dollars for a potash project in Belarus, the state-owned Belarusian bank said in a statement. The agreement, signed on Friday [17 June 2016], stipulates the procedure for financing the project of building the mining and processing factory Slavkaliy, using raw materials of the Nezhinskoye section of the Starobinskoye potash salt deposit in Minsk region of Belarus…Full Article: ECNS.cn June 2016

Key Point

  • The new factory will reportedly have annual production capacity of 2 million MTs of potassium chloride.

ChinaAg Comments

  • From 2000 to 2013, Chinese potash consumption increased from 3.7 million MTs to 6.2 million MTs. In 2013, Hunan accounted for 10% (638,600 MTs) of China’s potash consumption. The next largest consumer was Guangxi Region at 9% (572,779 MTs).

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