Canpotex and Sinofert sign MOU

摘要

Canpotex Ltd has entered into a new three-year Memorandum of Under-standing (MOU) with Sinofert Hold-ings Limited covering a minimum of 3.15 mt of potash at pricing to be negotiated every six months (Janu-ary to June and July to December), based on market conditions.rnThe MOU covers the period 1 January 2011 to 31 December 2013, allows for growth in Chinese con-sumption and guarantees that Canpotex will maintain a market share over the three-year period that is equal to the greater of the agreed tonnage or one-third of the seaborne potash imports to China in each year.