11 July 2012 16:32 [Source: ICIS news]
HOUSTON (ICIS)--Canada-based IC Potash (ICP) said on Wednesday it has assembled a team of consultants to work on the development of the company's Ochoa sulphate of potash (SOP) project in New Mexico.
The team is composed of experts in the fields of potash mine design, chemical engineering, potash processing plant design and project execution, ICP said.
The team will help ICP complete a feasibility study by July 2013, and assist in the transition to facility construction.
The Ochoa project is located in an established potash mining region of New Mexico.
The company's property is said to contain proven and probable reserves of more than 340m tonnes of ore within the proposed mine plan.
SOP is a non-chloride based potash fertilizer that typically sells at a premium over the price of regular muriate of potash (MOP).
SOP is an important fertilizer in the fruit, vegetable, tobacco, potato and horticultural industries.
ICP's Ochoa property consists of over 100,000 acres of federal subsurface potassium prospecting permits and State of New Mexico potassium mining leases, the company said.
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