02 September 2013 17:04 [Source: ICIS news]
LONDON (ICIS)--Mineral fertilizer producer Fosfory Gdansk and a fellow Polish company, copper miner KGHM, have signed a letter of intent to cooperate in exploring for chemical feedstocks, Fosfory said on Monday.
Under a two-year agreement, the companies would explore and evaluate chemical feedstocks, including potassium salts, both domestically and abroad, it added.
The agreement also covered cooperation in utilising secondary waste materials in order to recover metals, including rare earth metals, Fosfory, which mainly produces phosphorous fertilizers, said.
Fosfory is a subsidiary of Polish fertilizer producer Zaklady Azotowe Pulawy (ZAP), which in turn is owned by largest Polish chemical group and second largest European fertilizer producer Grupa Azoty.
Grupa Azoty's strategy includes encouraging all its subsidiaries to cut production costs by vertically integrating into feedstocks.
On 29 August, another Grupa Azoty subsidiary, multi-component fertilizer and titanium dioxide (TiO2) producer Zaklady Chemiczne Police (ZChP), announced it was acquiring a 55% stake in Senegalese phosphate rock and ilmenite mining company African Investment Group (AIG) for $28.85m (€21.93m).
($1 = €0.76)
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