Complant to build potash plant in Congo

China National Complete Plant Import & Export Corp Ltd (Complant) and Canadian miner MagIndustries Corp have agreed to jointly build a potash fertilizer plant in the Republic of Congo, which may ease Chinese demand for the product.

According to a statement Complant filed with the Shenzhen Stock Exchange yesterday, the $1.2 billion plant will be constructed in two phases, with each phase providing production capacity of 600,000 tons.