SOMBOON POTASH PROJECT INTERIM MANDATE SIGNED WITH IFC

摘要

Asia Pacific Resources Ltd (TSE:APQ) has signed an Interim Mandate Letter with the International Finance Corporation for its proposed Somboon Potash Project, in northeast Thailand, the company announced on February 7. IFC, a member of the World Bank Group, is the largest multilateral source of debt and equity financing for private enterprises in developing countries.The 2Mt/y potash mine project, developed through APR's project development subsidiary, Asia Pacific Potash Corporation Ltd, is located 500 kms northeast of Bangkok, in Udon Thani Province, Thailand. It is projected to be one of the potash industry's lowest cost producers.